Tax & Accounting Blog

New Forms for Affordable Care Act and Data Entry Tips

New Forms for Affordable Care Act and Data Entry Tips

New Affordable Care Act Forms Forms 1095-B and 1095-C are now required for 2015. Form 1095-B—Reports information to the IRS and taxpayers about individuals who have minimum essential coverage and are therefore not liable for the individual shared responsibility payment. Form 1095-C—Reports information to the IRS and employees about individuals with minimum essential coverage under … Read More

Streamlined Input Screens for the Affordable Care Act

Streamlined Input Screens for the Affordable Care Act

The process for entering health care data for the Affordable Care Act has been streamlined in 2015 UltraTax/1040. Health Care Folder The Health Care folder keeps the new ACA-related input screens (described below) in one location, making it easier for you to find and access the information you need. Coverage—Health Care coverage exemption information reported … Read More

New Documents and Features Added for eSignature in UltraTax/1040

New Documents and Features Added for eSignature in UltraTax/1040

Beginning with 2015 UltraTax/1040, several documents and enhancements have been added for the eSignature feature. New eSignature Documents The following eSignature documents have been added to UltraTax/1040. Form 114a, Record of Authorization to Electronically file FBARs Bank Account Verification Worksheet Form 8878, IRS e-file Signature Authorization for Form 4868 or Form 2350 To create eSignatures … Read More

eSignature Now Available for Business Entities

eSignature Now Available for Business Entities

The eSignature feature has been added to the following business modules: 1120, 1065, 1041, 990, 706 and 709. The following forms will be available for electronic signature. Engagement Letters Section 7216 Consent to Use and Consent to Disclose Bank Account Verification FinCEN Form 114a, Record of Authorization to Electronically file FBARs Note: At this time, … Read More