Tax & Accounting Blog

Required Minimum Distribution Calculations From Retirement Plans Now Available in 2015 UltraTax CS

Required Minimum Distribution Calculations From Retirement Plans Now Available in 2015 UltraTax CS

Beginning with 2015 UltraTax CS, you can calculate and print a Required Minimum Distribution (RMD) Worksheet for an IRA (including SEP and SIMPLE), 401(k), profit-sharing, 403(b), or other defined contribution plans. This new worksheet is a helpful retirement planning tool that you can offer your individual taxpayers. To calculate the projected 2016 required minimum distribution, … Read More

Edit Client Documents in Microsoft® Word from UltraTax CS Print Preview

Edit Client Documents in Microsoft® Word from UltraTax CS Print Preview

In 2015 UltraTax CS, you can edit a single client’s transmittal letter, filing instructions and invoice during the print preview process. To print preview the client documents, use one of the following methods. Choose File > Print Returns > Preview Click the Preview button on the toolbar Click the drop-down arrow next to the Forms … Read More

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