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Filing

Prepare 1120 Consolidated returns for e-filing

Follow these steps to enter all necessary data for a consolidated electronic return and create the electronic file. You'll need to complete these steps for each member in the consolidated group.
note
To file an 1120 Consolidated return electronically, you'll need a PRP for the consolidated return and each member of the consolidated group if your firm doesn't have an unlimited license.
  1. Enter the client's tax data.
  2. Select the Electronic Filing folder.
  3. Enter
    X
     in the
    File this return electronically
     field.
  4. Complete the
    Signature date
     field.
    note
    This field is mandatory if you use the Practitioner Personal Identification Number (PIN) option to sign the return electronically. If you select
    Use current date
     in the
    When Form 8879 (etc.) signature date(s) are not entered
     field in
    Setup
    ,
    Office Configuration
    , the
    Print Options
     tab, you don't need to complete the
    Signature date
     field. UltraTax CS prints the current date on Form 8879 and includes the form in the electronic file.
  5. If you use the Practitioner PIN option, enter the PIN information in the ELF screen.
    note
    Even though you need to complete the PIN section for each member if you use the Practitioner PIN option, you need to print and have the taxpayer sign only 1 copy of Form 8879-CORP. Print this form or Form 8453-CORP from the consolidated client so the consolidated name displays on the form.
  6. Select
    View
    , then
    Diagnostics
     to review the diagnostic messages in the Federal Diagnostics window. Select any item to open the corresponding screen to address the diagnostic message. Clear the Critical and ELF Critical diagnostic messages and review the FYI diagnostic messages, then close the Federal Diagnostics window.
    note
    Clear and review diagnostic messages for each member of the consolidated group.
  7. With the consolidated client's return closed, select
    File
    , then
    Print Returns
      to open the Print Returns window.
    note
    When you create the federal electronic file, UltraTax CS automatically creates the state electronic file. UltraTax CS generates a state FYI diagnostic message indicating the creation of a state electronic file. You can file a paper return for the state and suppress the creation of the state electronic file in the consolidated client.
  8. Mark the
    Government copy
     and
    Create electronic files
     checkboxes.
    note
    To create the return or check the return for electronic filing errors without printing forms, mark only the
    Government copy
     and
    Create electronic file
     checkboxes in the Print Returns window.
  9. Select
    Clients
    , then select all members of the consolidated group, including the consolidated client and the eliminations client.
  10. Select
    Print
     or
    E-File
     to print the return on paper. Select
    To Cabinet
     to send the return to FileCabinet CS. When you select
    Preview
    , UltraTax CS checks for errors in the electronic file. When you select
    Print
    ,
    E-File
    , or
    To Cabinet
    , UltraTax CS creates the electronic file and checks for errors in the electronic file.
    note
    You can't preview a return in UltraTax CS when you select multiple clients.
  11. Transmit the electronic return via CS Connect.
    note
    • CS Connect only lists the consolidated return for electronic filing, not the member returns.
    • The number next to the entity in the Product column of the CS Connect window is the number of months if the return is a short year or fiscal year return.
    • If you need to attach a PDF to the electronic file, attach the PDF to the consolidated return, not to the member returns.

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