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Prepare 1120 amended returns for electronic filing

Follow these steps to prepare an electronic Form 1120S, 1120C, or 1120-F amended return.
note
  • Create a copy of the return before you enter the amended information so that you have the original return available as well. To create a copy of the return, open the client’s return, select
    File
    ,
    Save As
    , enter a new client ID, then select
    Save
    .
  • Form 9325, Acknowledgement and General Information for Taxpayers Who File Returns Electronically, is based on the status of the client's return at the time Form 9325 is printed, not the status of the electronic file that was last accepted. We recommend creating a copy of the return before you enter amended information, and saving the original client return.
  • You don't need to attach a copy of the original return to the amended return.
  • When UltraTax CS creates electronic files for amended returns, the application automatically deletes any untransmitted electronic files for a client.
  • We don't charge a separate PRP fee for electronically filing amended returns.
  • If you use a 3rd-party application vendor to transmit 1120 returns, UltraTax CS places the electronic file for the amended return in the location you specified in the
    Setup
    ,
    User Preferences
    ,
    File Locations
     tab.
  1. Amend the client's tax data as necessary. Make sure to follow the guidelines for entering data.
  2. Open the ELF screen in the Electronic Filing folder.
  3. Mark
    File this return electronically
    .
  4. Enter a date in the
    Signature date
     field.
  5. If you're not preparing an electronic amended return for a state return, enter
    X
     in the
    Suppress the creation of: State electronic files when only filing the federal return, extension or FinCEN Form 144 electronically
     field.
    note
    When you create the federal electronic file, UltraTax CS automatically creates the state electronic file. UltraTax CS generates a state FYI diagnostic message that indicates a state electronic file was suppressed. You can file a paper return for the state and suppress the creation of the state electronic file. Except for Portable Document Format (PDF) attachments for electronic files, the IRS won't permit you to submit more paperwork to the taxing authority.
  6. To request an electronic funds withdrawal to pay a balance, complete the
    Electronic funds withdrawal for amended returns: Requested payment date
     field. Also, complete the bank information fields in the Bank screen in the General folder.
  7. 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 all Critical and ELF Critical diagnostic messages and review the FYI diagnostic messages, then close the Federal Diagnostics window.
  8. Thomson Reuters can send the client an email notification on your behalf when the federal and state returns are accepted. You'll need to select this option in the client's return before you create the electronic file.
  9. By default, the government collation includes only the forms necessary to submit to the taxing authority when you file an electronic return. To change these collations, select
    Setup
    , then
    1120 Corporation
     to open the 1120 Product information window. Select the
    Federal
     or state tab, then
    Tax Return
     to change the print collation for all electronic returns. We strongly recommend using the default collation. This won't affect the forms included in the electronic file.
  10. Select
    File
    , then
    Print Returns
    .
  11. Mark the
    Government copy
     and the
    Create electronic file
     checkboxes.
    note
    • To create the return or check the return for electronic filing errors without printing forms, mark only the
      Create electronic file
       checkbox following the
      Government copy
       checkbox in the Print Returns window.
    • To check for errors without creating the electronic file, select
      Check E-File
      .
    • To check for errors and create the electronic file, select
      E-File
      .
    • If you use a 3rd-party application vendor to transmit returns, mark the
      Create electronic file (for 3rd Party)
       checkbox to create the electronic file. The 3rd-party vendor is responsible for checking for errors.
  12. Select
    Options
    , and mark any necessary federal and state checkboxes.
    note
    If you're creating only the FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), clear the
    Federal
     and any state checkboxes, and mark the
    FinCEN Form 114
     checkbox.
  13. To create electronic files for amended returns for multiple clients at the same time, select
    Clients
    , then the specific clients.
  14. Select
    Preview
     to review the amended return on screen. Select
    Print
     or
    E-File
    to create the electronic file.

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