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Prepare amended returns for electronic filing

Do the following to prepare an electronic Form 5500 or 5500-SF amended return.
note
  • If you're preparing a 5500-EZ amended return, you'll need to paper file; electronic filing isn't available for this form.
  • You don't need to attach a copy of the original return to the amended return.
  • 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
    .
  • When UltraTax CS creates electronic files for amended returns, the application automatically deletes any untransmitted electronic files for a client.
  • If you use a 3rd-party application vendor to transmit 5500 returns, UltraTax CS places the electronic file for the amended return in the location you specified in the
    Setup
    ,
    User Preferences
    ,
    File Locations
     tab.
  • If you use a 3rd-party application vendor as your transmitter, UltraTax CS creates the electronic file for the amended return without checking for errors when you print the return. The 3rd-party application vendor checks for errors in these returns.
  1. Open the 5500 screen in the
    General
     folder.
  2. Mark the
    Amended return
     checkbox in the General Information section.
    note
    When you mark this checkbox, UltraTax CS marks the
    An amended return/report
     checkbox on Form 5500, Page 1, line B; Form 5500-SF, Page 1, line B, or Form 5500-EZ, Page 1, line A, as applicable.
  3. Enter the client's tax data. Make sure to follow the guidelines for entering data.
  4. If you prepared the original return with UltraTax CS, the Return Acknowledgement Number will automatically populate when you mark the
    Amended return
     checkbox. If the original return wasn't prepared with UltraTax CS, enter the Return Acknowledgement Identification Number assigned by the Department of Labor (DOL) in the
    Original return acknowledgment ID number
     field.
    note
    If you don't enter the Return Acknowledgement Identification Number in this field, UltraTax CS generates a
    Return has been marked as amended. The original return acknowledgment ID number …
     federal diagnostic message when you try to create the electronic file.
  5. Select
    View
    , then
    Diagnostics
     to review the diagnostic messages in the
    Federal Diagnostics
     window. Select any item displayed in the window to open the corresponding screen to address the diagnostic message. Verify that you've cleared the Critical and ELF Critical diagnostic messages and reviewed the FYI diagnostic messages, then close the
    Federal Diagnostics
     window.
  6. Thomson Reuters can send the client an email notification on your behalf when the federal and state returns and extensions are accepted. Select this option in the client's return before you create the electronic file.
  7. By default, the government collation includes only the forms required to submit to the taxing authority when you file an electronic return. To change this collation, select
    Setup
    , then
    5500 Benefit Plans
    . Select
    Tax Return
     to modify the print collation for all 5500 returns. We strongly recommend using the default collation. This won't affect which forms are included in the electronic file.
  8. Select
    File
     then
    Print Returns
    , or select Print
  9. Mark the
    Government copy
     and the
    Create electronic file
     checkboxes.
    note
    • To create the electronic file for the return or check the return for electronic filing errors without printing forms, mark only the
      Government copy
       and
      Create electronic file
       checkboxes.
    • Select
      Check E-File
       to check for errors without creating the electronic file.
    • Select
      E-File
       to check for errors and create the electronic file.
    • If you use a 3rd-party application vendor to transmit returns, mark the
      Create 3rd party Defile
       checkbox to create the electronic file. The 3rd-party vendor is responsible for checking for errors.
  10. To create electronic files for multiple clients at the same time, select
    Clients
    , then the clients.
  11. Select
    Preview
     to view the amended return on screen, or select
    Check E-File
    ,
    Print
    , or
    E-File
    . When you select
    Preview
    ,
    Print
    ,
    Check E-File
    , or
    E-File
    , UltraTax CS checks for errors in the electronic file.
    note
    You'll need to select
    Print
     or
    E-File
     in the
    Print Returns
     window to create the electronic file. If you select
    Print Preview
     on the toolbar, or
    Preview
     in the
    Print Returns
     window, UltraTax CS doesn't generate the electronic file.

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