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Use this tab to set various options that will apply to all 1065 clients.
To view this tab, select
Setup
,
1065 Partnership-
, the
Federal
 tab,
Other Return Options
, then the
Other
 tab.

Fields & buttons

Mark this checkbox to have UltraTax CS print Form 7004 (previously filed with the IRS) with the extended tax return. Form 7004 prints immediately before Forms 8804 and 1065. To change the print order of the form, select
Setup
,
1065 Partnership
, the
Federal
 tab, then
Tax Return
.
By default, UltraTax CS prints the Tax Return History Report for each client with data in the History screen of the Review folder. Leave this checkbox marked if you want UltraTax CS to print the key figure charts on the Tax Return History Report. Clear this checkbox if you don't want to print the Tax Return History Report for any partnership client.
Select this button to open the
Tax Return History Chart Options
 window and select options for the chart type and key figures to report in chart form.
Mark this checkbox to have UltraTax CS print a Bank Account Verification Report with the return. The client should use this report to verify the bank information entered in the Bank screen in the General folder.
Mark this checkbox to open the
Add Partner Default
 window the first time you open Partner Data Entry in a new client. In the
Add Partner Default
 window you can select the default entity and type for all partners added to the client.
Mark this checkbox to open the
Transfers of Capital Accounts
 window the first time you open the Transfers of Capital window in Partner Data Entry. In the Transfers of Capital Accounts window you can select the default transferring and receiving capital accounts for all transfers of capital added to the client.
By default, UltraTax CS requires that all partner allocations balance to 100.000000% when leaving Partner Data Entry. Mark this checkbox to choose to close Partner Data Entry when an allocation doesn't balance.
Enter the depletion rate. If you don't enter a rate, UltraTax CS defaults to the current IRS value for the depletion rate for oil and gas properties.
Enter a positive amount to indicate the maximum amount to round Schedule L balances imported from your general ledger program.
UltraTax CS assumes that the items that have tax codes for the Schedule L from the general ledger application balance properly. However, because some amounts from the general ledger application may include pennies, Schedule L may be out of balance due to rounding differences. UltraTax CS adjusts either the Accounts Payable account or the Cash account to balance Schedule L. The amount you enter in this field indicates the maximum amount you want UltraTax CS to allow for the adjustment. If the adjustment amount exceeds the amount you enter in this field, no adjustment will happen. If this field is blank, no adjustment will happen.

eSignature

Changes to the expiration or reminder frequency apply to eSignature packages sent in the future. In other words, eSignature packages are created with the expiration date and reminder frequency currently set up. You can't change them once you create an eSignature package.
Configure the # of days for an eSignature to be available before expiration when an authorization form is present. The default is 3 days.
Configure how often to send a reminder email while an eSignature is pending when an authorization form is present. The default is 18 hours.
Configure how often to send a reminder email while an eSignature is pending when an authorization form (8453/8879/8878/114a) is not present. The default is 1 week.

This article applies to:

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