January 2015 - Support
Contents
1. Mixed group member see guide 93 X if retum may be included in a consolidated return 39 Reseved ETES 4 X to suppress calculation of tax 92 _ Reserved 95 Worksheet view Remove any Consolidated return information from the Federal General Basic Data Worksheet in Lines 42 through 45 Consolidated Return Information N A 1120 F RIC FSC H POL DISC SF Code for consolidated return CONSOLIDATION Return may be included in a consolidated return C Suppress calculation of tax E Mixed group member fee guide Note In some instances you may need to remove the state specific input that is needed only for consolidation setup or to suppress a tax at that entity level for that state Question In the middle of attempting to export a consolidated return for electronic filing I receive a dialog box with the message This return contains a validation error and the return does not seem to export All my returns in the consolidated group have been setup and qualified for e filing Why is this happening Answer This error can occur for a number of reasons the most common being Interview Form EF 1 Box 31 File balance due return electronically Worksheet view General gt Electronic Filing gt Section 1 Line 2 needs to have a Y The program still calculates the tax due refund on the return even if the option to suppress the calculation of tax is selected This is known to be a common reason for the validation error message2. Electronic Filing gt General Worksheet Once all the returns in the consolidated group are qualified for electronic filing open the consolidated return and select File gt Export gt Electronic Filing gt Return Upon exporting the consolidated return the Export ELF dialog displays listing all the returns in the return group that are qualified for electronic filing Returns included in this electronic filing This electronic file automatically includes the parent and all subsidiary returns and is transmitted to the IRS Cancel Chapter 1 Working In Worksheet View 5 Step 4 Releasing a consolidated return to the taxing authority 1 Open the Electronic Filing Status system Alternatively if in Tax Preparation select Manage gt Electronic Filing Status or click the Electronic Filing Status icon in the toolbar 2 Log in using your user name and password The Electronic Filing Status system opens 3 Select the Release Return s tab e filing Status Release Retum s Reminder s Please check here for the latest Electronic Filing Information Platform ims F rom OV View Retums Filed from ProSystem ix Global amp _ View Returns Filed from CCH Axcess Tax J View Both Collapse Filter Search Panel Tax Year 2013 Office 077782 WICHITA Date From 5 17 2013 ffs Specify Client by Return ID Return Type All 7 Office Group All Date To fis E N
3. Interview Form 1 Box 90 or Worksheet view General gt Basic Data gt Section 1 Line 41 Code for consolidated return C P or S The consolidated return must be coded with a C It must also have one and only one return with the code P for the Parent and all other returns subsidiaries must have the code S This rule also applies to anyone e filing a Tiered Consolidated return If none of the reasons above apply to the return please call ProSystem fx Business Tax Support at 1 800 739 9998 option 2 for assistance Chapter 4 Frequently Asked Questions 29 Question I am trying to prepare a tiered consolidated return for e filing Does ProSystem fx support e filing for these types of returns Answer Tiered consolidated returns are supported and the information the IRS requires is sent with the electronic file L Note There can be only one additional tier besides the top consolidated for 2007 processing however for tax year 2008 and later this limitation was removed The following images provide additional details on tiered processing ELF Tiered Processing Allowed IRS has never recognized tiers and still does not Did in a limited way for Mixed Groups We now have capability to transmit multi tiers fora Non Mixed Group and a Mixed Group consolidated For a Non Mixed Group we will transmit the companies listed on Form 851 Part For a Non Mixed Group we never transmit a lower tier and all its subs
4. and DP code ee 1 Common pret rpg o on 60 0000006 mE 4 940 west pfx street Bl Blue Parent Company Calc Key NOT Set 940 West 132nd street orp 1820 0003 line test City Bluesville CA blue ae if awthorne CA 90250 95 8988999 ubsidiary return Calc Key NOT SET dahas pon 132nd street 90 333 ee Se Bel 95 1111111 Chapter 4 Frequently Asked Questions 31
5. 2 Working With Interview Forms 18 Tax Preparation Help Prosystem fx Tax p E Contents gt O a ProSystem fx Tax Federal 1 Basic Data ij General Corporation Information LU Consolidated Retum Information Box 90 Code for Consolidated Retum Box 91 X If Return May be Included in a Ci Mixed Group Member ml mM Only make an entry in this field if this corporation or this sub consolidated group return is to be listed on the Top Tiers consolidated Interview Form CC 1 of the Mixed Group lf this return is a sub consolidated mixed group member only the sub consolidated unit needs to make this entry It is not necessary for each member of a sub consolidated group to enter this code Box 92 X to Suppress Calculation of Tax Box 93 Mixed Group Member la 2 Processing Calculation and Pro Forma Options la 3 Preparer Information Special Handling Invoice Consolidated Retum Information Gode for consolidated retum X if retum may be included ina congobdeted retum Mixed group member see guide Reserved X to suppress caloulation of tax Aeserved Interview Form EF 1 needs to be filled out at each level Note The PIN will be any five digit number of your choice that will act as a password when you need to discuss returns with IRS The EFIN is the actual EFIN issued to you Calculate the return after initial e filing is set up and clear any disqual
6. 5 7 Consolidated 7 CG 2 FE 4 0 22 5 8 3115 8 CGCR 1 FE 5 0 23 5 9 5471 amp 5472 Image 3 1 E Forms List Fed Interview Fed Government Return Group Form 5472 Information Return of a Foreign owned Corporation Image 3 2 Foreign Operations of U S Corporations 1118 Formign Tax Credit M a Om F918 Schedules H and J intormation n v 5471 Ratum of LS Persons wth Respact to Cartain Formion Comorahons 1 U S Filer information 472 Information Ratam of a 25 Fareign Owned U S Corporation 1 Category 2 ther 8358 Inforrmabon Retan of US Person W Respect to Certain FDE s Sectors LUS Filer inftormat a 2 Foreign Corporate 3 Sch A Stock of tu Category 3 fier 8621 Shareholder of a Foreign Passe Investnent Co or Qualibed Electing Fund Category 4 ther Fatum of U S Persons wih Respect to Certain Foreign Partnerships Category 5 fier Total percentage of vong stock of the foreign corporation ewned at the end of fs ansual accounting period form 471 number Person s on whose behalf this information return s fied 4 SchB US Share 5 Sch C income Sw 6 SchE income W Sch F Balance SI 8 Sch G Other Inson 9 SchH CurentEa 10 Sch l Sharehold 11 Wkst A Foreign 12 Vst 8 Pro Rote 1 Vekst C Pro Rew 14 West O Fro Rat 15 Sch J Accumala IP PLi Wee ww Image 3 3 Clients will receive diagnostics for
7. Retum Type All Office Group All Date To fis C Name Last First FederalState Both gt Preparer All za i SSN FEIN Status All zi Search _ Exclude Returns On Extension _ Show Retuims with Signature Forms Not Received 3 Select search criteria such as Tax Year Product Federal State and click Go Note An alternative search option is to use the Specify Client by section next to the Search button Select Return ID Name Last First or SSN FEIN enter the corresponding data and click Search 4 Select the return to release from the results list 5 Click Release to Taxing Authorities 6 Click Yes on the confirmation dialog box Setting Up and Qualifying Mixed Consolidated Groups ProSystem fx supports e filing of mixed group returns although there are slight set up differences between years One sub group should be set up to represent 1120 and 1120 PC together The only other subgroup entered under the membership information worksheet in the top company is the 1120 L subgroup Chapter 2 Working With Interview Forms e 17 Note A mixed consolidated return may be e filed only if the 1120 member is the filing member of the return If the filing member is not an 1120 then the return will have to be paper filed The IRS currently does not support e filing of a mixed consolidated return with an 1120 PC or 1120 L member being the filing member of the return On Interview Form CC1 in the consolidating unit
8. 3 Wolters Kluwer CCH ProSystem fx Electronic Filing Consolidated Electronic Filing Quick Start Guide January 2015 Copyright 2015 CCH INCORPORATED A Wolters Kluwer business All Right Reserved Material in this publication may not be reproduced or transmitted in any form or by any means without prior written permission Requests for that permission should be directed to CCH INCORPORATED 20101 Hamilton Avenue Suite 200 Torrance CA 90502 The contents of this publication are believed to be accurate However responsibility cannot be assumed for the information contained herein and the consequences resulting from the use thereof Material in this publication is subject to change without notice This User Manual and the computer software it describes are designed to provide accurate and authoritative information in regard to the subject matter covered They are distributed with the understanding that the publisher is not engaged in rendering accounting legal or other professional service If legal advice or other expert assistance is required the services of a competent professional should be sought ProSystem fx is a registered trademark of CCH INCORPORATED Windows is a registered trademark of Microsoft Corporation All other brand product or company names are trademarks or registered trademarks of their respective owner Printed in U S A Contents Working In Worksheet View 1 Consolidated Overv
9. ame Last First Federal State Both z Preparer All _ SSN FEIN Status All 7 ae _ Exclude Retums On Extension _ Show Retums with Signature Forms Not Received 4 Select search criteria such as Tax Year Product Federal State and click Go Note You can also use the Specify Client by section next to the Search button Select Return ID Name Last First or SSN FEIN Then enter the corresponding data and click Search 5 Select the return to release from the results list 6 Click Release to Taxing Authorities 7 Click Yes on the confirmation dialog Setting Up and Qualifying Mixed Consolidated Groups ProSystem fx supports e filing of mixed group returns although there are slight set up differences between years One sub group should be set up to represent 1120 and 1120 PC together The only other subgroup entered under the membership information worksheet in the top company is the 1120 L subgroup It is assumed that a consolidated tier structure is already set up to begin this e filing process Note A mixed consolidated return may be e filed only if the 1120 member is the filing member of the return If the filing member is not an 1120 then the return will have to be paper filed The IRS currently does not support e filing of a mixed consolidated return with an 1120 PC or 1120 L member being the filing member of the return On the Consolidated gt Membership Information worksheet in the consolidating unit t
10. ancel to abort export of the return Attachment Mame Date Modified Category Export To correct this error the specified location must be available on the computer exporting the return The drive must be mapped on the workstation from which the return is being exported and cannot be password protected The ideal location for the PDF documents is on the root of the Same drive where ProSystem fx is installed and can be in its own folder Foreign Forms e filing Requirements For tax year 2007 and later returns according to the IRS Web site it is mandated that all international forms for example Forms 5471 5472 and the schedules associated with them must conform to the following Be included in the electronic file in XML format Be included at the top consolidated level Cannot be attached as PDF files at any level in the return All pertinent information for these forms is entered on the G series interview forms under Federal Interview Form 5471 and 5472 see Images 3 1 and 3 2 You can also use worksheet view Foreign Chapter 3 Common Issues and Concerns e 25 menu select the appropriate form such as 5471 and then select the relevant section Image 3 3 for your input gg Forms List Fed Interview Fed Government State Return Group Home State 1 BNK 4 EXT 2 0 15 5 2 UTP 1 2 CB 1 F 1 0 16 5 3 x 1 3 CB 2 F 2 0 17 5 4 GEN ST1 4 CB 3 FE 1 0 18 5 5 Alloc Apport 5 CD 1 FE 2 0 19 5 6 Common State 6 CG 1 FE 3 0 21
11. ant to remember that there is only one consolidated combined return one parent return and at least one subsidiary return present in the return group Step 1 Selecting e filing for each return o Warning All returns within the return group must be activated and qualified for electronic filing for Federal and Massachusetts before the Massachusetts combined return can be exported and released to the taxing authority Also Federal consolidated and Massachusetts combined returns may be electronically filed at the same time if all members in the consolidated group have Nexus in Massachusetts If any of the returns in the consolidated group do not have Nexus in Massachusetts Federal consolidated and Massachusetts combined returns cannot be filed at the same time Select e filing for Massachusetts for a Corporation tax return by entering Y in Line 33 of Interview Form EF 1 General Information Se as me te eh a a ae ae ea ee ae a oa ee ee es oe ee ae age eed in 30 File balance due return electronically Y N eee 3i Electronically file extension Y N eee 32 File all states electronically Y N eee 33 Y You can also select Massachusetts electronic filing on Interview Form MA 1 Box 80 Electronic Filing Options Electronic filing for Forms 355 355S 355SC and 355U Y N override cc scc 80 S Electronic filing for Form NRCR Y N S corporation only X to exclude return from electronic filing After a retur
12. any required input Also if a US address is entered a complete valid street city state and ZIP code are required If entering a foreign address the street address and country are the only required elements by the IRS ProSystem fx may require additional input for the information in the return to flow to the electronic file correctly Chapter 3 Common Issues and Concerns e 26 IRS Business Rules for Electronically Filing Form 5471 F5471 001 If Form 5471 is attached then Schedule N Form 1120 Line 4b must have a non zero value F5471 034 If Form 5471 Item B checkbox 3 is checked then one or more Category 3 Filer Statements Category3FilerStatement must be attached F5471 035 If Form 5471 Schedule C Line 8 Columns Functional Currency or US Dollars has a non zero value then Other Income Statement OtherIncomeForm5471Statement must be attached F5471 036 If Form 5471 Schedule C Line 16 Columns Functional Currency or US Dollars has a non zero value then Itemized Other Deductions Schedule ItemizedOtherDeductionsSchedule2 must be attached F5471 037 If Form 5471 Schedule H Line 2h Columns Net Additions or Net Subtractions has a non zero value then Earnings and Profits Other Adjustments Statement EarningsAndProfitsOtherAdjStmt must be attached F5471 038 If Form 5471 Schedule F Line 6 Column a or Column b has a non zero value then Investment in Subsidiaries Statement InvestmentinSubsidiariesStmt
13. been made as to how it will be filed input a Y on Interview Form EF 1 Line 31 Step 2 Verifying electronic filing setup View the returns in the Return Group tab to determine which returns are qualified or disqualified for electronic filing The Q to the left of the company name indicates it is selected and qualified for electronic filing Those without the Q still have disqualifying diagnostics or have not been selected for electronic filing In the example below both the Parent and the subsidiary returns either have disqualifying diagnostics for electronic filing or electronic filing has not been activated for the returns see Image 2 3 Fed Interview Fed Government Return Group SHELPAR Parent ONESUB SubOne Image 2 3 Once the returns in the return group are qualified you should see the following informational diagnostics m Warning All returns within the return group must have these informational diagnostics before the required files in the combined return can be exported Chapter 2 Working With Interview Forms e 21 Form Alt Filing Massachusetts Electronic Filing The MA return has qualified for electronic filing 39589 Step 3 Exporting a MA combined return Once all the returns in the combined group are qualified for Electronic Filing go to any return in the Combined return group and select File gt Export gt Bix Electronic Filing gt Return a MA H 0 UTPARENT Upon ex
14. c return in the group Chapter 1 Working In Worksheet View 3 Correct Return Group E PARENT Parent E SUBSIDIARY Sudsidiary Incorrect Return Group Consolidated Consolidated PARENTS Return is not avai SUBSIDIARY Sudsidiary Electronic Filing Setup and Qualifying the Return When electronically filing a Consolidated Corporation 1120 tax return there can be only one consolidated return and one parent return There must be at least one subsidiary return present in the return group Step 1 Selecting e filing for each return ie Warning All returns within the return group must be activated and qualified for electronic filing before the 1120 consolidated return can be exported and released to the taxing authority Select e filing for a Corporation tax return by opening the General gt Electronic Filing gt General worksheet and select the first option YES from Line 1 e 1 General Eniry mn the Oikos Misaagr i ine defaut fe Elpcirenie F ng My 2 Blechorse Sayat F balance due return lecinicicaly 1 0 3 Elschorec Rehan Ongmnatoe File all states electronically y i M 4 Sie E bectrorec Firg Ugia Tax teturs a deperseded return After a return is selected for e filing all disqualifying diagnostics must be cleared These can be viewed by calculating the return and then click the Diagnostics icon in the Tax Preparation toolbar or select Review gt Interactive Dia
15. e for Consolidated Return Box 91 X If Return May be Included in a Ci Box 92 X to Suppress Calculation of Tax Box 93 Mixed Group Member la 2 Processing Calculation and Pro Forma Options la 3 Preparer Information Special Handling Invoice Mixed Group Member m Only make an entry in this field if this corporation or this sub consolidated group return is to be listed on the Top Tier s consolidated Interview Form CC 1 of the Mixed Group lf this return is a sub consolidated mixed group member only the sub consolidated unit needs to make this entry It is not necessary for each member of a sub consolidated group to enter this code Chapter 1 Working In Worksheet View 7 Consolidated Return Information N A 1120 F RIC FSC H POL DISC SF Code for consolidated return Subsidiary Return may be included in a consolidated return Iw Suppress calculation of tax E Mixed group member see guide 1120 Member ttst OCSCSCS To set up for electronic filing open the General gt Electronic Filing worksheet and fill out Section 1 General and Section 2 Electronic Signatures Repeat this for every company You can navigate between companies using the Return Group tab Note The PIN will be any five digit number of your choice It will act as a password whenever you need to discuss returns with the IRS Calculate the return after the initial e filing setup and clear any disqualifying diag
16. e is a balance due but no entry has been made as to how it will be filed enter a Y on Interview Form EF 1 Line 31 Chapter 2 Working With Interview Forms 16 Step 3 Exporting a consolidated return Once all the returns in the consolidated group are qualified for Electronic Filing go to the consolidated return and select File gt Export gt Electronic Filing gt Return Upon exporting the consolidated return the Export ELF dialog displays all the returns in the return group that are qualified for electronic filing This electronic file will automatically include the parent and all subsidiary returns and will transmit to the IRS ion eee Cancel Step 4 Releasing a consolidated return to the taxing authority Open the Electronic Filing Status system in the ProSystem fx Tax folder or select Manage gt Electronic Filing Status in Tax Preparation or click the Electronic Filing Status icon in the toolbar 1 Log in using your user name and password The Electronic Filing Status system opens 2 Select the Release Return s tab ae p efiling Status Release Retum s Reminder s e Please check here for the latest Electronic Filing Information Platform View Retums Filed from ProSystem fe Global amp View Returns Filed from CCH Axcess Tax J View Both Collapse Filter Search Panel Tax Year 2013 7 Office 077782 WICHITA Date From 5 17 2013 is Specify Client by L n an i Retum ID
17. ed Returns General Information New Mexico Corporate Retum Information New York Combined Force Capital Tax on Allocated Capital for REIT RIC North Carolina Consolidated Return Image 1 3 Go to the General gt Basic Data Worksheet In Section 1 General enter the appropriate information for the parent and subsidiary returns in the Consolidated Return Information fields The consolidated return does not need Return may be included ina consolidated return checked Consolidated Return Information N A 1120 F RIC FSC H POL DISC SF Code for consolidated return Conso idation Return may be included in a consolidated return E Suppress calculation of tax E Mixed group member see guide CO Consolidated Return Information N A 1120 F RIC FSC H POL DISC SF Code for consolidated return Parent Return may be included in a consolidated return Iv Suppress calculation of tax ia Mixed group member see guide Chapter 1 Working In Worksheet View 2 Consolidated Return Information N A 1120 F RIC FSC H POL DISC SF Code for consolidated return Subsidiary gt Return may be included in a consolidated return v Suppress calculation of tax m Mixed group member see guide D SOS The Consolidated gt Membership Information Worksheet must also have the appropriate information The Membership Information is input only at the consolidated level not at the parent or any of the subsidiaries The Cons
18. ed for electronic filing In the example below the parent return either has disqualifying diagnostics for e filing or e filing has not been activated for the return g Basic Data PARENT fQ SUB Once the returns in the return group are qualified you will see the following informational diagnostic m Warning All returns within the return group must have these informational diagnostics before the required files in the combined return can be exported Form Alt Filing Massachusetts Electronic Filing The MA return has qualified tor electronic filing 39589 Step 3 Exporting a Massachusetts combined return Once all the returns in the combined group are qualified for electronic filing go to any return in the Combined return group and select File gt Export gt Electronic Filing gt Return Upon exporting the combined return the Export ELF dialog displays and lists all of the returns in the return group that are qualified for e filing l l Esport ELF Tojxj When a Massachusetts consolidated return is o METETA exported the combined return and all returns with Nexus are transmitted to the Massachusetts Department of Revenue In this example the combined parent and sub returns will be transmitted to Massachusetts Returit included in ther electronsc Mir E coe Chapter 1 Working In Worksheet View 10 Step 4 Releasing a consolidated return to the taxing authority To open the Electronic Filing Sta
19. for Electronically Filing Form 5471 eceeeeeeeeeeee 27 28 Frequently Asked Questions Chapter 1 WORKING IN WORKSHEET VIEW Consolidated Overview and Setup Viewing Consolidated Returns ProSystem fx requires a minimum of three returns to create a consolidated tax return The parent return and each subsidiary return will have a separate file and the consolidation is accomplished using a file referred to as the shell which contains minimal data In the Worksheet Menu Tree view open the return group in Tax Preparation using the button in the lower left hand of the navigation panel see Image 1 1 The shell displays as the top level The parent return is listed first under the shell and the subsidiary returns are listed after the parent see Image 1 2 E PARENT Parent SUBSIDIARY Sudsidiary Image 1 1 Image 1 2 Reviewing Additional Information on Consolidated Returns Tax Preparation software provides a Help section for setting up and understanding the flow of a consolidated combined return To access this Help go to the Consolidated gt Membership Information Worksheet then select Help gt This Worksheet s Instructions or press F2 on your keyboard see Image 1 3 Chapter 1 Working In Worksheet View 1 ProSystem fx Tax E Contents t D al o 2 Federal ProSystem fx Tax ij General Consolidated Corporation Federal and State ij Shareholders ia Income Deductions Consolidated Corpo
20. gnostics All disqualifying diagnostics must be cleared for the return to qualify for e filing Chapter 1 Working In Worksheet View 4 ELECTRONIC PILING Electronic Filing This return ig disgualified from electronic filing Please refer to the diagnostics following this mesgage to gee the reasons for the disqualification 49000 Electronic Filing The Taxpayer gelft selected PIN 18 misging or an invalid code for electronic filing Verify the taxpayer self selected PIN entered on Electronic Filing worksheet General section Taxpayer gelf selected PIN field igs a valid five digit PIN and is not all zeros 46368 Step 2 Verifying electronic filing setup Click the Return Group icon in the navigation panel to determine which returns are qualified or disqualified for electronic filing The Q to the left of the company name indicates it is selected and qualified for electronic filing Those without the Q still have disqualifying diagnostics or have not been selected for electronic filing In the image below the parent return either has disqualifying diagnostics for electronic filing or electronic filing has not been activated for the return Ei PARENT i SUB Balance due returns Step 3 Exporting a consolidated return If you receive a diagnostic stating there is a balance due but no entry has been made as to how it will be filed enter Yes in Line 2 File balance due return electronically of the General gt
21. he first line should be reserved for the consolidating unit name The company number should be 1 and the Employee ID Number should not be entered in the FEIN column Chapter 1 Working In Worksheet View 6 1 Membership Information _ Serer one hes T E E E L Select the appropriate mixed group code on the second line under the mixed group column Double click or press F4 to see the possible code choices The codes listed are not the only available choices The number of available choices depends on your tier structure For example you can have a single company as 1120 L for that sub group or you can have a group of companies represented by a consolidating unit single company as the top unit for that 1120 L subgroup Non Life Mixed Group 112071120 PC 1120 sub group return 1120 L sub group return 1120 PC sub group return Reserved for future use Reserved for future use Reserved for future use In addition to filling out General gt Basic Data gt General section Consolidated Return Information as you would do for a consolidated company also fill out Mixed group member Press F1 to display the Help topic for determining what needs to be filled out For example the top consolidating unit box should be blank Tax Preparation Help o 3 ProSystem fx Tax Contents Federal L 1 Basic Data General Corporation Information LU Consolidated Return Information Box 90 Cod
22. icon in the Tax Preparation toolbar Chapter 2 Working With Interview Forms 15 All diagnostics beginning with the number 4 e g 49511 are disqualifying diagnostics and must be cleared in order for the return to qualify for e filing ELECTRONIC FILING Form EF 1 Sheet 1 Box 30 Electronic Filing This return ig disqualified from electronic filing Please refer to the diagnostics following this message to gee the reasons for the disqualification 49000 EF 1 Sheet 1 Box 50 Electronic Filing The taxpayer s electronic signature ig invalid Verify the taxpayer self selected PIN the PIN authorization indicator and gigning officer s name entered on Interview Form EF 1 in the Electronic Signature gection 49511 Step 2 Verifying electronic filing setup View the returns in the Return Group tab to determine which returns are qualified or disqualified for electronic filing The Q to the left of the company name indicates it is selected and qualified for electronic filing Those without the Q still have disqualifying diagnostics or have not been selected for electronic filing In Image 2 2 both the Parent and the Subsidiary returns have disqualifying diagnostics for electronic filing or electronic filing has not been activated for the returns Fed Interview Fed Government Return Group E SHELPAR Parent ONESUE SubOne Image 2 2 Balance due returns If you receive diagnostic 39500 stating ther
23. iew and Setup ccccccsccssecssessssesseccsssecsessescsssecseeecseeesseseeeesees 1 Viewing Consolidated Returns cccssssesessecesesscsessssessescsesecsesessesseesseescseseseesees 1 Reviewing Additional Information on Consolidated Returns 1 Electronic Filing Setup and Qualifying the Return eeceseteeseseteeeeeeees 4 Step 1 Selecting e filing for each FetUIN nn cc cccceseeessescseseeseeeseseeeeseeteeeeseees 4 Step 2 Verifying electronic filing setup oo cccccceecseecseseeeeeeseseeeceeseteeeeseees 5 Step 3 Exporting a consolidated return ccceeeeseseecesetseseseecesesessetseesseeeees 5 Step 4 Releasing a consolidated return to the taxing authority 6 Setting Up and Qualifying Mixed Consolidated Groups eee 6 Electronic Filing of 1120S Consolidated Returns cceesssseeeseseteeseseteeeeeeees 9 Massachusetts Combined Electronic Filing Setup uu cee eeeseeteeseseeeeeeteeeeseees 9 Step 1 Selecting e filing for each FetUPN ni ceeceeseeseeesesseseeeseseecseseteeeeseees 9 Step 2 Verifying electronic filing setup oo eceeceeeseeeseseeeeeeseseesceeseteeseeeees 10 Step 3 Exporting a Massachusetts combined return 10 Step 4 Releasing a consolidated return to the taxing authority 11 Short Year Returns Superseding Returns and Amended PN A EET E T E E A TEN E A E T 11 Working With Interview Forms 12 Consolidated Overview and Setup cccccescssesssesseccsssecsseecseessecssescsseeeseeesseseesesees 12 E
24. ifying diagnostics Repeat this in every company You can navigate within the companies using the Return Group tab After every return has qualifying diagnostics it is not required but recommended to calculate those together through the return group To do this select the consolidating return Then select Calc gt Return Group If you select the return group tab each company should have a symbol Q meaning that it is qualified for electronic filing and can be exported through consolidated unit by selecting File gt Export gt Electronic Filing gt Return If the diagnostics in every company indicate that those have qualified but you do not see the Q symbol in one or more companies save close the return and reopen Companies having a calculator symbol need to be calculated E E MIX LY mi Ol 44018 17250 7 a O 172 Chapter 2 Working With Interview Forms 19 All companies have a Q symbol and are ready to export o a E Q MIs PAR 1120 1120 parent E 1120PC v2 coropration name a Mils 1120 1120 unit a a 1120L 1120 L unit name continued Electronic Filing of 1120S Consolidated Returns S Corporation consolidated returns differ from Corporate consolidated returns because only the consolidated return is transmitted to the IRS the subsidiary returns are not transmitted Massachusetts Combined Electronic Filing Setup When electronically filing a Massachusetts Combined Corporation tax return it is import
25. iling gt Section 6 in the PDF Attachment Required section 6 PDF Attachment Required All other PDF attachments allowed by the IRS can be attached in the PDF Attachment Optional section of the EF PDF1 interview form or worksheet view General gt Electronic Filing gt Section 7 PDF Attachment Optional View the list of all forms allowed as PDF attachments by the IRS on the IRS Web site 7 PDF Attachment Optional Chapter 3 Common Issues and Concerns e 24 File Size Limitations and Other Restrictions for Attached PDFs w The total size of all PDF files attached to one electronic return submission cannot exceed 1 GB 1 GB is approximately 5 000 pages One PDF file size cannot exceed 60 MB approximately 500 pages The smaller the size of individual PDF files the better Multiple PDF files may be submitted w A separate file must be created for each form type included as a PDF for example one file for Forms 926 one file for Forms 982 If any one form type exceeds the 500 page limit multiple PDF files should be created for the same form e g if a corporation is required to file 600 Forms 926 there should be two PDF files each less than 500 pages The PDF document must be available from the machine you are trying to export the return from or the following error occurs Export Return Dialog Instructions 1 Click View to view selected attached POF 2 Click Export to export return 3 Click C
26. ion about e filing these returns This guide is located on the CCH support Web site support cch com Chapter 1 Working In Worksheet View 11 Chapter 2 WORKING WITH INTERVIEW FORMS Consolidated Overview and Setup ProSystem fx requires a minimum of three files to create a consolidated tax return The parent and each subsidiary return will have a file and the consolidation is accomplished using a file referred to as the shell which contains minimal data The return group shows the shell as the top level the parent listed first under the shell and the subsidiary returns follow after the parent Fed Government State Return Group 5 PARENT Parent SUBSIDIARY Sudsidiary Tax Preparation provides a Help section for setting up and understanding the flow of a consolidated combined return To access this Help go to Interview Form Consolidated gt CC 1 and select Help gt This Form s Instructions Chapter 2 Working With Interview Forms e 12 kJ Tax Preparation Help Prosystem fx Tax p E Contents Ee gt ama ProSystem fx Tax Federal ij General ij Shareholders ij Income Deductions Consolidated Corporation Federal and State Consolidated Corporations h i li State Consolidated Returns General Information Seth Dakota Combined tonsa dated Return Taxes Ohio Combined Corporati dita Alabama Consolidated Return e as an bi aie 5 n aiii aymen enalties g io City Combine o
27. itis ether just the lower tiers consolidated unit and no suBbsidianes Or the lower tiers subsidiaries but not the lower tier consolidated unit pare Gad SAU coco Oh Pears Fao Coma Sa Ob a To cuta long 1 Consolidated Options story short we ett Fon t t Suppress automate consolcaied recaiculstions see heb ra n S l a n y Suppress automate seprecaton aduatvent Suppress automate csalowed passive oss asustrent Co m p a n y ist gt d Suppress depreciaton calculation or if Total Oniy Deprecation are enteres at coasoicaied level Suppress regular ang ALT chartadie controutons edusimect O n F O f m 89 1 p ad rt Suppress NOL ans ANT NOL adustmest Suppress automatic Schedule M 3 adjustments 1totheIRSfora papes N O n M ixe d G ro u p Agust endng accumulates epleton Suppress federal and state separate company tax payments Suppress separate company Form 4765 Companies at One Company on You can Supporting Schedler and Fom 851 Do NOT carry ending retanes earnings per Schedule L 2 to S Show All Lower Tier Companies on Enter Form 1118 at conscidates level Supporting Schedules bul at One manipulate wh at Do NOT force taxable income per Schedule U 1 to equal tax Company on Form 851 Suppress regulaton 1 1764 11 cx2 NOL carryover mage Te PERI IS sh own on the Do WOT accumulate bank 85 cett mfermaton from separate Subtotal Method Show Al Lower Tier Do NOT perform Secton 179 taxable income imtaten for ace Subsidanes on F
28. lectronic Filing Setup and Qualifying the Return seeesesecseseteeeeeees 15 Step 1 Selecting e filing for each FetUrN ni cccseeseeseseseseseeeeseeeeceeeseeeseees 15 Step 2 Verifying electronic filing setup wo ceceeeeseeeseseeeeeesesseecseseteeeeeeees 16 Step 3 Exporting a consolidated return eccceseeecesessesctseseseeeesessesetseeeeeeeees 17 Step 4 Releasing a consolidated return to the taxing authority 17 Setting Up and Qualifying Mixed Consolidated Groups eceessteeeeeen 17 Electronic Filing of 1120S Consolidated Returns ccccesscsesesessseeseseseteeseees 20 Massachusetts Combined Electronic Filing Setup uu eeeeseseeecseeeeseeeeeeeeees 20 Step 1 Selecting e filing for each FetUIN nn cceceseeeeseeesesseseeeseseseseetseeeseees 20 Step 2 Verifying electronic filing setup oe ccccseseeseseseseeseecsesseecseseteeeeseees 21 Step 3 Exporting a MA combined FetUrNn nu eseesessecetseceseesesesstseteeeeeeeeees 22 Step 4 Releasing a consolidated return to the taxing authority 22 Short Year Returns Superseding Returns and Amended FR CUI NS A E I E E E A A E E 23 Common Issues and Concerns Attaching PDF files to a consolidated P tUMN an ccecessesesesessteesesesetseseseeseeeecseeees 24 File Size Limitations and Other Restrictions for Attached PDFs 0 25 Foreign Forms e filing REQUIFEMENHS cccccesscscsetessesescscesesescsseseeessseeeesesesseeeeeees 25 IRS Business Rules
29. must be attached F5471 039 If Form 5471 Schedule G Line 1 checkbox Yes is checked then one or more Owns Foreign Partnership Statement OwnsForeignPartnershipStmt must be attached F5471 040 If Form 5471 Schedule F Line 4 Column a or Column b has a non zero value then Itemized Other Current Assets Schedule ItemizedOtherCurrentAssetsSchedule must be attached F5471 041 If Form 5471 Schedule F Line 7 Column a or Column b has a non zero value then Itemized Other Investments Schedule ItemizedOtherInvestmentsSchedule must be attached F5471 042 If Form 5471 Schedule F Line 12 Column a or Column b has a non zero value then Itemized Other Assets Schedule ItemizedOtherAssetsSchedule must be attached F5471 043 If Form 5471 Schedule F Line 15 Column a or Column b has a non zero value then Itemized Other Current Liabilities Schedule ItemizedOtherCurrentLiabilitiesSchedule must be attached F5471 044 If Form 5471 Schedule F Line 17 Column a or Column b has a non zero value then Itemized Other Liabilities Schedule ItemizedOtherLiabilitiesSchedule must be attached Chapter 3 Common Issues and Concerns e 27 Chapter 4 FREQUENTLY ASKED QUESTIONS Question According to the diagnostics my 1120 consolidated return is qualified for electronic filing but when I go to export the return none of the electronic filing export options are highlighted or they are all grayed out Why is that Ans
30. n is selected for e filing all issuing diagnostics that disqualify the return from e filing must be cleared These can be viewed by calculating the return and then click the Chapter 2 Working With Interview Forms e 20 Diagnostics icon in the Tax Preparation toolbar in the return or select Review gt Interactive Diagnostics All disqualifying diagnostics must be cleared for the Massachusetts return to qualify for e filing Tid Fonms List Fied inbars LI Haanosthes ELECTRONIC FILING Form EF 1 sheet 1 Box 30 Electronic Filing This return is diaqualified from elect filing Please refer to the diagnostics following thie message to ag the reasons for the disqualification 49000 Alt Filing Maggachueette Electronic Filing The Officer s Date or Title is missing or invaild on Form 355 or Form 3550 The officer s title can be entered on federal interview form one in line 49 and the officer signing date can be entered in the MA interview forme on interview form 1 in line 41 42050 Massachusettes Electronic Piling The FID of the parent corporation ig invalid Verify the FID entered with 9 digits on Interview Porm 1 box 41 or GEN 2 box J31 49337 Massachusetts Electronic Filing A checkbox has not been checked to angwer the question Ie the corporation incorporated within Maggachusette on Form 3550 49724 Balance due returns If you receive diagnostic 39500 stating there is a balance due but no entry has
31. n toolbar or select Review gt Interactive Diagnostics All disqualifying diagnostics must be cleared for the Massachusetts return to qualify for e filing ELECTRONIC FILING Electronic Filing This return is diggualitied from electronic filing Please refer to the diagnostics following this message to see the reasons for the disqualification 49000 Massachusettes Electronic Filing Form 355 page 1 incomplete preparer information has been entered For electronic filing the preparer name preparer PTIN SSN preparer phone preparer EIN and preparer s date must be entered unless X to suppress preparer information has been selected on the Preparer Information worksheet Please check the preparer information on the Preparer Information worksheet or office manager 45944 Balance due returns If you receive diagnostic 39500 stating there is a balance due but no entry has been made as to how it will be filed select Yes for File balance due return electronically in the General section of the Electronic Filing Worksheet Chapter 1 Working In Worksheet View 9 Step 2 Verifying electronic filing setup E m inil Click the Return Group icon in the navigation panel to determine which returns are qualified or C a disqualified for electronic filing The Q to the left of the company name indicates it is selected and has qualified for electronic filing Those without the Q have disqualifying diagnostics or have not been select
32. nostics After every return has qualifying diagnostics it is not required but recommended to calculate those together through return group Select Calc gt Return Group When all returns are qualified if you look at those returns through return group tab each company should have a symbol Q and can be exported from the consolidated unit by selecting the File gt Export option If the diagnostics in every company indicate that those have qualified but you do not see the Q symbol in one or more companies save and close the return and reopen it Companies with a calculator symbol need to be calculated Navigation w I Q NONLIFE nonlife subgroup 0 1120MEMBER 1120 member E a PCSUBGROUP 1120 PC sub group ven E PLPARENT 1120P Parent a 0 PCSUB 1120PC Sub H E LSUBGROUP 1120L subgroup E LPARENT 1120L Parent K LSUB 1120L Sub All companies have a Q identifier and are now ready to export O NONLIFE nonlfe subgroup O 1120MEMBER 1120 member 0 PCSUBGROUP 1120 PC sub group O PCPARENT 1120PC Parent PCSUB 1120PC Sub EHO LSUBGROUP 1120L subgroup LPARENT 11201 Parent O LSUB 1120L Sub Chapter 1 Working In Worksheet View 8 Electronic Filing of 1120S Consolidated Returns S Corporation consolidated returns differ from Corporate consolidated returns because only the consolidated return is transmitted to the IRS and the subsidiaries are not transmitted Massachusetts Combined Elec
33. nsolidate etums Alaska C lidated Combined ia Credits 3 a REF a ae ted Ret Oklahoma Consolidated Returns General Information rizona Combined or Consolidate etum ia Sch L M California C dc Oregon Consolidated Return Processing alifornia Combine orporation Pennsylvania Philadelphia Consolidated Tennessee Consolidated Net Worth Tax Calculation LU Consolidated ij Consolidated Corporation Federal and ij Options ij Eliminations and Adjustments ij Eliminations and Adjustments J Mixed Groups m Consolidated Corporation Overrides ij State Overrides ij Insurance J Other Returns Connecticut Combined Unitary Retums District of Columbia Combined Return Florida Consolidated Returns Georgia Consolidated Hawaii Consolidated Return General Information Idaho Combined lllinois Combined Unitary Combined and Separate Unitary Business Group Indiana Consolidated Tennessee Generic Consolidated Return lowa Consolidated Return Kansas Combined Return Kentucky Consolidated I Foreign 4 Maine Combined ij Common State Maryland D Other Massachusetts Unitary Return m Export Michigan Unitary Business Group Return ij State Adjustments Minnesota Combined Returns i States Mississippi Combined Missouri Consolidated Information Montana Combined Return Nebraska Combined Corporation New Hampshire Combined Returns General Information New Mexico Corporate Return Information New York Combined Force Capital Tax on Alloca
34. olidating Company must be Company Number 1 the Parent Company must be Company 2 and the Subsidiary Companies numbered thereafter The Client ID section for the consolidated company should be blank 1 Membership Information Bo Ls beet insert E IL fi T iE Must be Company Humber 1 Uparent and subs shell I eparent company 33 0650565 ELF C PARENT E asub company 11 2885783 ELF C SUB Ci 4 i The Mixed Group Code box should have the appropriate code if it is a mixed sub group Consult the separate detailed section on mixed group setup for more information Using the double click feature available below Membership Information on the Corporation Name Employer ID or Client ID fields eliminates the possibility of spelling errors and automatically brings across the Corporation Name and Employer ID fields It also must be used to properly associate these returns through the use of return group technology that is required for mixed group and MA consolidated e filing beeedasig ieee Seed vigeion ie ees Scenes Wembe kierma 1 T Suecdary hoe Pare Compare mid ibe Corey 2 To verify that the program is reading all of the members of the consolidated return properly select the Return Group icon at the bottom of the navigation pane A red circle with a strikethrough indicates the system is not able to locate the specifi
35. orm 851 Detust Option 891 and thus earann Owidend ncome adusiment options hat i have wet estera tr corones ere D ay Le W ql IS Carry taxadie come manual adjustments to Schesule M 2 transmitted tO the Emeeen IRS by using the Show All and Subtotal Methods Bits Use tal awe ee Gl Consolidated Ther Option Chapter 4 Frequently Asked Questions e 30 Navigation W B CON024 BEST COMMUNICATIONS INC and SUBSIDIARY CON292 BEST COMMUNICATIONS INC CON175 RADIO BROADCASTERS INC D comes p i 1820 0003 Open line test B CLC104 Testing cs If options 2 or 3 are used then con292 con175 con260 con240 con261 and cic104 would be included with the consolidated ELF and would appear on Form 851 Part Consolidated Tier Option Companies as One Compary on Supporting Schedules and Form 851 Show All Lower Tier Companies on Supporting Schedules but as One Show All Lower Tier Companies on Form 851 and Supporting Schedules Subtotal Method Show All Lower Tier Subsidiaries on Form 851 Defualt Option for Mixed Group Returns 131 on 801 Pa bos 2005 Copartnert of Pe Tomnay Affiliations Schedule D File with each consolidated income tax retre For taxyeas ending December 31 2008 tere Rees Serve Name of comenon parent copoaton BEST COMMUNICATIONS INC Number steet ang room or sulenn fa P O box see instructions 1425 PIFTH STREET SANTA MONICA Estimated Tax aad Tax ae
36. porting the combined return the Export ELF dialog 0 MA displays all the returns in the return group that are qualified is a MA for electronic filing When a MA combined return is exported the combined and all returns with Nexus get transmitted to the MA Department of Revenue In the example in the combined parent and sub returns will be transmitted to Massachusetts Returns included in this electronic filing Step 4 Releasing a consolidated return to the taxing authority To open the Electronic Filing Status system select Manage gt Electronic Filing Status in Tax Preparation or click the Electronic Filing Status icon in the toolbar 1 Log in using your user name and password The Electronic Filing Status System opens 2 Select the Release Return s tab SS a p efiling Status Release Retumn s Reminder s Please check here for the latest Electronic Filing Information a mnie Platform View Retums Filed from ProSystem fe Global amp View Returns Filed from CCH Axcess Tax View Both Collapse Filter Search Panel Tax Year 2013 gt Office 077782 WICHITA Date From 5 17 2013 15 Specify Client by i Retum ID Retum Type All 7 Office Group All 7 Date To fis O Name Last First Federal State Both 7 Preparer All A SSN FEIN Status All zj Search Exclude Retums On Extension _ Show Retums with Signature Forms Not Received 3 Select search crite
37. ppropriate code if it is a mix sub group See the section Setting Up and Qualifying Mixed Consolidated Groups for more detailed information Using the double click feature available on the Corporation Name Employer ID or Client ID fields not only eliminates the possibility of spelling errors and automatically brings across the Corporation Name and Employer ID fields but is required to properly associate these returns through return group technology required in mix group and MA combined e filing see Image 2 1 CONSOLIDATED CORPORATION GENERAL INFORMATION List of Companies Included in this Consolidated Return Gaubor Do MOT enter thes form with the paent or any subadary s tae rebum A separate consohdated und should be creaked and fis komm should be submitted with it p Eal migi Fret Er HEART EMFLITTE LEASING NC HESAT EMPLOVEE LEASING NE OLDMAN HIS Sa OF E nae LE Lit ais 1A iF a ag OBC Lev Image 2 1 Check the Return Group tab to verify that the program is reading all of the members of the consolidated return properly A red circle with a strikethrough indicates the system is not able to locate the specific return in the group Chapter 2 Working With Interview Forms 14 Correct Return Group Listing Fed Interview Fed Government Retum Group PARENT Parent SUBSIDIARY Sudsidiary Incorrect Re
38. rations North Dakota Combined C lidated Ret State Consolidated Returns General Information SRS ES nae ROAN D Taxes is ar ara Ohio Combined Corporation ij Payments Penalities Pea ae ere Ohio City Combined Consolidated Returns ij Credits i Oklahoma Consolidated Returns General Information Arizona Combined or Consolidated Return T T E E NE m Sch L M California Combined Corporation Pitail LU Consolidated Connecticut Combined Unitary Returns Ph adelohia Consolidated ij Consolidated Corporation Federal and District of Columbia Combined Return i Tennessee Consolidated Net Worth Tax Calculation i Options Florida Consolidated Returns ee ee Pi eas Tennessee Generic Consolidated Return Hawaii Consolidated Return General Information Idaho Combined Illinois Combined Unitary Combined and Separate Unitary Business Group Indiana Consolidated f Eliminations and Adjustments jj Eliminations and Adjustments ij Mixed Groups ij Consolidated Corporation Overrides ij State Overrides ij Insurance ij Other Returns lowa Consolidated Return Kansas Combined Return Kentucky Consolidated Bi Foreign 4 Maine Combined ij Common State Maryland jj Other Massachusetts Unitary Return i Export Michigan Unitary Business Group Return ij State Adjustments Minnesota Combined Returns B States Mississippi Combined Missouri Consolidated Information Montana Combined Return Nebraska Combined Corporation New Hampshire Combin
39. ria such as Tax year Product Federal State and click Go Note An alternative search option is to use the Specify Client by section next to the Search button Select Return ID Name Last First or SSN FEIN enter the corresponding data and click Search 4 Select the return to release from the results list 5 Click Release to Taxing Authorities 6 Click Yes on the confirmation dialog Chapter 2 Working With Interview Forms e 22 Short Year Returns Superseding Returns and Amended Returns See the ProSystem fx Electronic Filing User Guide for information about e filing these returns This guide is located on the CCH support Web site http support cch com Chapter 2 Working With Interview Forms 23 Chapter 3 COMMON ISSUES AND CONCERNS Attaching PDF Files to a Consolidated Return The IRS allows certain forms to be attached as PDF files to 1120 returns for Corporations that are required to e file These forms can only be attached at the top consolidated level when e filing an 1120 consolidated return There are no exceptions to this rule Review the IRS s list of required PDF files on the IRS Web site to see if you have any of these forms or schedules in your return To view a list of forms for 2013 that the IRS allows as PDF or are required in XML format visit http www irs gov Businesses 2013S ummaryChart Attach required forms using Federal Interview Form EF PDF1 or worksheet view General gt Electronic F
40. rm 1120 Parent with one or more Form 1120 L or Form 1120 PC subsidiaries and Iam receiving diagnostics that are disqualifying me for e filing Is this type of return not required by the IRS to be e filed or does ProSystem fx simply not support e filing for these types of returns Answer These are supported for e filing Please look at the specific reason described in the diagnostics The most common reason for disqualifying is that you should access the lower level companies through return group tab after opening the consolidated return first Question I have already e filed the 1120 consolidated return and now I am in the process of e filing a separate company return for the state only for one of the subsidiary returns in the return group I have selected the option not to transmit the Federal return even though it is qualified for e filing and all my diagnostics seem to indicate that the return is qualified for state only Chapter 4 Frequently Asked Questions 28 e filing purposes Is there some other input that is required and or needs to be removed before attempt to export this return Answer Interview View Other than what has already been done remove any Consolidated return information in Federal Interview Form 1 Boxes 90 through 95 This information is not required since the state only return is not being e filed as part of the 1120 consolidated return Consolidated Return Information Code for consolidated return m
41. ted Capital for REIT RIC North Carolina Consolidated Return Interview Form 1 must have the appropriate entries on Boxes 90 and 91 for the parent and subsidiary returns The consolidated return does not have to have Box 91 checked Consolidated Retum Information NOT Applicable to 1120 F RIC FSC H POL DISC C Code for consolidated retum as Ste suppress calculation of tax POTA ORE miinaa mannanna M ON Mixed group member see guide Consolidated Return Information NOT Applicable to 1120 F RIC FSC H POL DISC C Code for consoldated return _ P X to suppress calculahon of tax z ae X F etm may be included m a consokdated rium Mixed gmup member see guila E _ B Consolidated Return Information NOT Applicable to 1120 F RIC FSC H POL DISC C Code for consoldated retum ee oe Ato suppress cakulton ol tix eerren Fi XE etum may be included in a consobdated return Mod group member g6 guka aoaaa f Interview Form CC 1 must also have the appropriate entries CC 1 information is entered at the consolidated level not at the parent or any of the subsidiary levels The consolidating company must be Company Number 1 the Parent Company must be Company 2 and the Subsidiary companies thereafter Chapter 2 Working With Interview Forms 13 Ghent D 9 39 99 990 parent 39 39 3934363 3 44 Suhaidiary eS G O rinm o w gt amp Box 33 should be blank amp Mixed Group Code Box 42 should have the a
42. the first line should be reserved for the consolidating unit name company number in Box 30 to be 1 and no EIN in Box 33 mix top consolidating 354447778 9 1120 1120PC parent 60 2154444 a 1120 L unit 35 4447777 i amp Select the appropriate mixed group code in Box 42 and 49 then double click or press F4 to see possible choices The codes displayed are not the only correct choices because that depends on your tier structure For example you can have a single company as 1120 L for that sub group or you could have a group of companies represented by a consolidating unit single company as the top unit for that 1120 L subgroup Hon Lite Mined Group 11 0 il o PCi Single 1120 return 1120 sub group return Single 1120 L return 1120U L sub group return Single 1120 PC return 1120 PLC sub group return 008 Code Choices Consolidated Mixed Group B Nor Life Mixed Group 1120 1120 PC Lh 1720 sub group return LG 1120 L sub group return FG 1720 PC sub group return L Reserved for future use L Reserved for future use F Reserved for future use Cancel Search Help 2009 Present Code Choices In addition to filling out Interview Form 1 Boxes 90 and 91 as you would do for a consolidated company also fill out Box 93 in the appropriate units Press F1 to display the Help topic for determining what needs to be filled out For example the top consolidating unit box should be blank Chapter
43. tronic Filing Setup When electronically filing a Massachusetts Combined Corporation tax return it is important to remember that there is only one consolidated combined return one parent return and at least one subsidiary return in the return group Step 1 Selecting e filing for each return m Warning All returns within the return group must be activated and qualified for electronic filing for Federal and Massachusetts before the Massachusetts combined return can be exported and released to the taxing authority Also Federal consolidated and Massachusetts combined returns may be electronically filed at the same time if all members in the consolidated group have Nexus in Massachusetts If any of the returns in the consolidated group do not have Nexus in Massachusetts Federal consolidated and Massachusetts combined returns cannot be filed at the same time To select e filing for Massachusetts for a Corporation return go to General gt Electronic Filing gt Section 4 State Electronic Filing Options gt Massachusetts Line 14 and select Yes For companies that do not have Nexus in Massachusetts select Massachusetts gt General gt Section 2 Return Options In Line 2 select Yes and in Line 3 put a checkmark After a return is selected for e filing all issuing diagnostics that disqualify the return from e filing must be cleared View diagnostics by calculating the return and then click the Diagnostic icon in the Tax Preparatio
44. turn Group Listing Fed Interview Fed Government Return Group PARENTS Return is not available SUBSIDIARY Sudsidiary Electronic Filing Setup and Qualifying the Return When electronically filing a Consolidated Corporation 1120 tax return it is important to remember that there can be only one consolidated return one parent return and at least one subsidiary return present in the return group Step 1 Selecting e filing for each return D Warning All returns within the return group must be activated and qualified for electronic filing before the 1120 consolidated return can be exported and released to the taxing authority Select e filing for a Corporation tax return by entering a Y on Federal Interview Form EF 1 Box 30 1120 EF 4 ELECTRONIC FILING GENERAL INFORMATION 1120S ELECTRONIC SIGNATURES AND NOTIFICATIONS 22 Client Code CONS CORP TaxpayerName _Consolidated Corporation Form 0220 Sheet 1 General Information Electronically nie ratum Y M asso ceases ante xen eein aot aan Taer E EAN AREP EET aE i Or aE File balance due return electronically Y N l l luaa aneres cece ee cece seus ceases case eueeceeeaeesnaeeseneeee enee Electronically file extension Y N File all states electronically Y N ee ee ee ee ee sss ss After a return is selected for e filing all disqualifying diagnostics must be cleared These can be viewed by calculating the return and clicking the diagnostics
45. tus system select Manage gt Electronic Filing Status in Tax Preparation or click the Electronic Filing Status system icon in the toolbar 1 Log in using your user name and password The Electronic Filing Status system opens 2 Select the Release Return s tab a e filing Status Release Retum s Reminder s Please check here for the latest Electronic Filing Information amp Platform View Retums Filed from ProSystem ix Global fr _ View Returns Filed from CCH Axcess Tax J View Both Collapse Filter Search Panel Tax Year 2013 Office 077782 WICHITA Date From 5 17 2013 i5 Specify Client by L i Retum ID Retum Type all 7 Office Group All Date To iS O Name Last First Federal State Both Preparer All SSN FEIN Status All ball Search _ Exclude Returns On Extension O Show Retuims with Signature Forms Not Received 3 Select search criteria such as Tax Year Product Federal State and click Go Note An alternative search option is to use the Specify Client by section next to the Search button Select Return ID Name Last First or SSN FEIN enter the corresponding data and click Search 4 Select the return to release from the results list 5 Click Release to Taxing Authorities 6 Click Yes on the confirmation dialog Short Year Returns Superseding Returns and Amended Returns See the ProSystem fx Electronic Filing User Guide for informat
46. wer There are two possibilities for why this could be happening w All returns within the consolidated return group have not been setup and or qualified for electronic filing Make sure the consolidated the parent and all subsidiary returns within the return group are setup and qualified for electronic filing before attempting to export the return from the consolidated level Refer to instructions for setting up and qualifying consolidated returns for e filing at the beginning of this guide w The 1120 Corporate program for e filing purposes has not been installed properly If the first reason is not applicable then verify that the software has been installed properly For assistance call ProSystem fx system support at 1 800 739 9998 option 3 Question I have several foreign forms 5471 5472 etc and their schedules that I have to attach to my consolidated return for tax year 2008 or newer Am I required to input all the pertinent information for these forms in the return or can I simply scan and attach this information in PDF format throughout all the returns in the return group Answer Per the instructions on the IRS Web site all International forms will be required in XML There are no PDF and no paper options This means that any information pertaining to these forms is required to be input in respective companies and transfer at the consolidated level and submitted in XML format Question I am trying to e file a mixed return Fo
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