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Return Presentation tab (1040)

Use this tab to set various return presentation options that will apply to all 1040 clients.
To view this tab, choose Setup and then 1040 Individual, select the Federal tab, select the Other Return Options button, then select the Return Presentation tab.
Vouchers
Mark this box to print Form 1040-ES vouchers in scannable format. The scannable format increases IRS speed and accuracy when applying appropriate amounts to the proper accounts (taxpayer identification and year).
Mark this box to print just the vouchers with an amount due. If the
Amount of estimated tax you are paying by check or money order
 box on Form 1040-ES is blank, 1040-ES vouchers will not print. This option is only available for 1040-ES vouchers in the scannable format.
Mark this box to print Form 1040-ES vouchers in OCR-A (optical character recognition) format.
Mark this box to print the IRS mailing address on the right side of Form 1040-ES vouchers in OCR-A (optical character recognition) format. UltraTax CS prints the address on the left side by default.
Mark this box to print Form 1040-V vouchers in scannable format. The scannable format increases IRS speed and accuracy when applying appropriate amounts to the proper accounts (taxpayer identification and year).
Mark this box to print Form 4868 in scannable format. The scannable format increases IRS speed and accuracy when applying appropriate amounts to the proper accounts (taxpayer identification and year).
Mark this box to print a copy of Form 4868 or Form 2350 in the client and preparer collations of the tax return. The copy will print with the text "COPY— Do not file" at the top of the page.
Other
Mark this box to print "AGI Limitations" on Schedule A, line 2, even when the IRS does not require this information.
Mark this box to print tax-exempt interest and dividends on Schedule B even though the IRS does not require them to be reported separately on Schedule B.
Mark this box to print on Form 1040, line 4a, the total pension and IRA distributions received even when the IRS does not require this information.
Mark this box to print Form 8283, Page 1, columns (e), (f), and (g) even when the IRS does not require this information.
Mark this box to print the client mailing address on the left side of Form 9325. UltraTax CS prints the address on the right side by default.
Mark this box to print FinCEN Form 114 (FBAR), Parts II and III even if the total number of accounts is 25 or more. The U.S. Department of the Treasury does not require Parts II and III to be completed and submitted if the taxpayer has 25 or more foreign accounts.
Mark this box to print multiple
X
 in the direct deposit section of an applicable form if the refund disbursement method will not be direct deposit.
Mark this box if you prefer to leave the Schedule B, Part III foreign account and trust questions blank, unless taxable interest and/or ordinary dividends exceed $1,500. When this box is not marked, UltraTax CS will issue informational diagnostics indicating that the foreign account and trust questions have not been answered, regardless of whether taxable interest and/or dividends are present in the return.
Mark this box if you want Schedule B interest and dividend items to be sorted alphabetically when you print the return. If you do not mark this box, the items will print in the order in which you entered them.
The third party designee information prints when required. Mark this box to ignore third party designee information on the Contact Screen and instead use information in the Preparer Information dialog. (Choose Setup, Office Configuration, and then Preparers tab and select the
Edit
 button.) If you do not mark this box, the Contact Screen information will report on Schedule 6 (1040), and the 3rd Party Designee box on the Paid Preparer block on Form 1040, Page 1, will not be marked.
Mark this box to print the taxpayer's daytime telephone number (as entered in the
Daytime telephone/ext number
 field in the 1040 Screen in the General folder) in the signature block or Other Info area of the following forms.
  • Form 1040-SS
  • Form 1040-PR
  • Form 1040 Tax Reconciliation Worksheet, Page 2
Mark this box to print the taxpayer's daytime telephone number (as entered in the
Daytime telephone/ext number
 field in the 1040 Screen in the General folder) in the non-signature block area of the following forms.
  • Form 1040X
  • Form 8821
  • Form 2848
  • Form 1045
Mark this box to print the email address. The Contact Screen
Tax matters person
 field will be used to determine which email address (taxpayer or spouse) is reported on the return in the signature block are of the following forms.
  • Form 1040
  • Form 1040-SR
By default the Rebate Recovery Credit Worksheet will always calculate. If the Economic impact payment 3 (EIP3) fields on the Cr Screen are blank the worksheet will calculate as if the taxpayer did not receive an EIP3. To only calculate the worksheet when there is data in the EIP3 fields select this option. EIP3 fields allow zero to be entered.
Transactions are reported on the Form 8949 based upon how the information was reported to the IRS:
  • Box A or D = Form(s) 1099-B reported basis to the IRS
  • Box B or E = Form(s) 1099-B reported basis was not reported to the IRS
  • Box C or F = Transaction was not reported on Form 1099-B
  • Report on Sch D - 1099-B with basis reported to IRS no adjustments
UltraTax CS/1040 defaults to Box C treatment when the B&D Screen
Schedule for detail
 statement dialog,
8949 Box
 field is blank. To change the default behavior for all clients, select the desired copy of Form 8949 from the drop-down list in this dialog. Information entered in the B&D Screen
8949 Box
 field will override the default selection chosen here.
By default, UltraTax CS/1040 prints Schedule D Line 1a/8a Worksheets when two or more transactions exist. To change the default amount, enter the desired minimum number of transactions in this field. To remove these worksheets from your return collation, customize the return collation and set the Schedule D Line 1a/8a Worksheets print condition to Never.
When this option is marked, UltraTax CS automatically enters
1
 in the the
Special relief
 field on Pen Screen in the Payments folder.
The Notice 2020-18 relief, July 15, 2020, will automatically apply to the following when the
Special relief
 field is set to
1
 on 1040-US software version 19.3.6 or later:
  • return due dates
  • electronic funds withdrawal (EFW) requested payment date
  • first quarter estimate
  • penalty and interest calculations
  • client documents

This article applies to:

  • Product: UltraTax CS
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