Tax & Accounting Blog

IRS E-File Application Summary Required Before You Can E-File with Accounting CS and Accounting CS Payroll

IRS E-File Application Summary Required Before You Can E-File with Accounting CS and Accounting CS Payroll

If you haven’t already done so, you’ll need to provide a copy of your IRS e-file application summary before you can electronically file payroll compliance forms via Accounting CS® and Accounting CS Payroll. Keep these things in mind: No action is required if you’ve already completed this process and provided documentation for UltraTax CS e-filing. … Read More

It’s Time: Partner Summits Registration Opens Today

It’s Time: Partner Summits Registration Opens Today

Registration is open for the 2017 Partner Summits, the most anticipated thought leadership event of the year and a unique opportunity for you and your firm’s partners to exchange ideas and map out a customized action plan to build a more progressive practice. You’ll earn 12.5 CPE credits as you learn best practices, engage … Read More

Legislation Updates for 2017

Legislation Updates for 2017

Let’s take a look at what we can anticipate in the next few months with potential new legislation. Federal health reform — President Trump wants to replace the Affordable Care Act…what he’ll replace it with is anyone’s guess. What we know for now is that the ACA is here to stay for 2017 and possibly … Read More

UltraTax/1120 – Now Track Basis from a 1065 Schedule K-1 Pass-Through Entity

UltraTax/1120 – Now Track Basis from a 1065 Schedule K-1 Pass-Through Entity

With 2016 UltraTax/1120, you can track a corporation’s basis in a partnership interest. Losses reported on a pass-through 1065 Schedule K-1 are limited by the amount of the corporation’s basis in the pass-through entity. UltraTax/1120 includes partner’s basis worksheets for regular tax and AMT that report these calculations. In addition, K-1 reconciliation worksheets were added … Read More

State Driver’s License Requirements

State Driver’s License Requirements

On June 11, 2015, the IRS issued an announcement regarding the collaborative effort to combat identity theft and tax refund fraud. Thomson Reuters supports and is participating in this initiative. In an effort to reduce identity theft and fraudulent return filing, complete the Form of identification field on federal Screen IDAuth for state electronic filing … Read More