User Bulletin - 1120-CA v.14.3.4

2014 ULTRATAX/1120-CA, v.2014.3.4
User Bulletin 1120CA-14.3.4: Software Update
April 6, 2015
This user bulletin describes program changes affecting 1120 California returns.
CHANGES
Form 541 Settlement Funds return – electronic filing
UltraTax/1120-CA has been approved for electronic filing of Form 541 for Settlement Funds returns.
Estimated payments from Form 541-ES may also be electronically filed, similar to regular corporations.
See new Screen CASFELF. Please note the following:
 Mark these two boxes on federal Screen ELF: File this return electronically, and Suppress creation of
Federal electronic file when only filing a state return. You may enter the signature date either on
federal Screen ELF or California Screen CASFELF.
 Form 541 returns with penalty or interest calculations cannot be electronically filed in 2014 due to
schema limitations. Mark the 4 boxes to suppress penalties on Screen CAPen in the Payments folder.
 The Form 541 return, estimate, and amended filing instructions and filing instruction inserts have
been modified to accommodate electronic filing. Any customizations must be made again.
 There is no mandate for electronic filing of Form 541 in 2014.
 There is no direct deposit of refunds on Form 541.
Forms and worksheets
The following forms and worksheets have been added to the UltraTax/1120-CA program:
 Form 8453-FID, California e-file Return Authorization for Fiduciaries
 Form 8455-FID, California e-file Payment Record for Fiduciaries
 Form 8879-FID, California e-file Signature Authorization for Fiduciaries
 CA Financial Transaction Record Worksheet (Form 541)
 CA Estimate Financial Transaction Record Worksheet (Form 541)
 CA Electronic Filing – PDF 541 Attachment Worksheet
Composite estimate filing instructions
The composite estimate filing instruction now omits the voucher paragraph when the electronic funds
transfer box is marked for composite estimates on Screen CALetter. If you will be using this option for
any of your clients, and you have made modifications to this document, we recommend you restore
defaults. See Restoring document defaults for more information.
Form 3805Q and Form 3805V – NOL carryback waiver
The NOL carryback fields will no longer intermittently print amounts on Form 3805Q, Part I, lines 7 and
8, or Form 3805V, Part I, lines 26 and 27 when election to waive carryback is marked on Screen
CANOLCBK.
UltraTax CS
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