prosystems tax conversion guide
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Tax Conversion guide for tax linesTRANSCRIPT
2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS TL 22427 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved. Page 1
2010 POST-CONVERSION GUIDE ProSystem fx 1120C / 1120S to GoSystem Tax RS Thank you for using the GoSystem® Tax RS Data Conversion Service. This document provides information about the data that you converted from ProSystem fx® and describes how to use the data in GoSystem Tax RS.
Contents What to expect from the data conversion ..................................................................................................... 1 Detailed information on items converted and not converted ......................................................................... 2
Items transferred during conversion ....................................................................................................... 2 Federal ............................................................................................................................................. 2 States ............................................................................................................................................. 11
Items not converted .............................................................................................................................. 26 Conversion notes and exceptions ............................................................................................................... 27
Rent, Royalty, and Farm Information (Activity Information) ........................................................... 27 Carryovers ...................................................................................................................................... 27 Depreciation ................................................................................................................................... 27 Depletion ........................................................................................................................................ 27 State Depreciation .......................................................................................................................... 27 Form 4626 ...................................................................................................................................... 27
Getting help ................................................................................................................................................. 28
What to expect from the data conversion The overall objective of the GoSystem Tax RS data conversion is to produce accurate client data for the processing of 2010 tax returns. Data conversions are from the prior year (2009) to the current year (2010). For business returns, ending balances in 2009 will generally appear as beginning balances in 2010.
We have made every effort to consistently and accurately convert the data listed in this document. However, due to inherent differences in the way ProSystem fx and GoSystem Tax RS store and display values, inconsistencies do exist in isolated instances. Also, if a field in GoSystem Tax RS is required and the corresponding field either did not exist or was blank in your ProSystem fx data, a period (“.”) will appear in the GoSystem Tax RS field. To ensure that the 2010 data is accurate and complete, you should conduct a careful review of your converted data and make additions or modifications in GoSystem Tax RS as required.
Note: We recommend that only the entity (parent and subsidiary) returns be converted and the consolidation returns not be converted. New consolidation returns should be created in GoSystem Tax RS due to the inherent differences in the way each program processes consolidations. Data entered in a consolidation return in ProSystem fx may create problems in a GoSystem Tax RS consolidation if converted, as data needs to be entered at the entity level in GoSystem Tax RS for the consolidation process to work correctly.
TL 22427 2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS Page 2 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved.
Detailed information on items converted and not converted
Items transferred during conversion The following tables list all fields we convert. For additional information, please review the detailed information following the tables.
Note: The detail provided in the following pages is subject to change without notice.
Federal Form Name Field
General Information
Corporation name - line 1
Corporation name - line 2
FEIN
Street address
City
State
ZIP code
Fiscal year
Date incorporated
Client Code
Consolidation Type
Other income description
Other deductions description
Return type: C, S, Foreign, REIT, Regulated Investment Company
Personal holding company checkbox
Closely held corporation checkbox
Personal service corporation checkbox
Date of election as an S Corporation (1120S)
Form 1120-F
Country of incorporation
Foreign country where income is subject to tax
Address of agent
Agent name
US tax return in the preceding year checkbox
Foreign country
2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS TL 22427 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved. Page 3
Form Name Field
Controlled Foreign Corp checkbox
Treaty country
Form 1120-H
Homeowners association type: condominium management, residential real estate, time share
Date the association was formed
Schedule A
Other COGS - description
Section 263A costs - description
Section 263A applies checkbox
Method used for valuing closing inventory: Cost, LCM, Other
Other Method - explanation
Write-down of subnormal goods checkbox
Schedule E
Name of Officer
Percentage of time devoted to business
Percentage of Common Stock
Percentage of Preferred Stock
Officer street address
Officers SSN number
Schedule K (C Corporation)
Business code
Business activity
Product or service
Accounting method
Other accounting method description
Parent corporation name
Parent corporation EIN
Number of shareholders if under 35
Foreign ownership percentage
Schedule K-1 (S Corporation)
Shareholder name
Shareholder ID
Shareholder address
TL 22427 2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS Page 4 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved.
Form Name Field
Shareholder city / state / ZIP code
State of residency
Beginning ownership percentage
Beginning number of shares
Schedule L
Note: The 2009 beginning balances are not converted. The ending 2009 balances have been converted to beginning 2010 balances.
Cash
Trade notes & accounts receivable
Allowance for doubtful accounts
Inventories
US government obligations
Tax exempt securities
Other current assets description
Other current assets amount
Loans to stockholders
Mortgage and Real Estate loans
Other investments description
Other investments amount
Buildings & depreciable
Accumulated depreciation
Depletable assets
Accumulated depletion
Land <net of amortization>
Intangibles assets - Other
Accumulated amortization
Other assets description
Other assets amount
Accounts payable
Mortgage notes and bonds payable in one year or less
Other current liabilities description
Other current liabilities amount
Accrued FIT
State tax liability entered
2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS TL 22427 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved. Page 5
Form Name Field
Loans from stockholders
Mortgage notes and bonds payable in one year or more
Other liabilities description
Other liabilities amount
Capital Stock / Preferred stock
Capital Stock / Common stock
Ending Additional Paid-in Capital
Appropriated retained earnings description
Appropriated retained earnings amount
Treasury stock
Ending Retained Earnings - Unappropriated
Adjustment to Shareholders Equity description
Adjustment to Shareholders Equity amount
Schedule M-1
Income subject to tax not recorded on books: Tax income not on books description
Expenses recorded on books not deducted in this return: Book expense not on return description
Income on books not included in this return: Book income not on return description
Other deductions in this return not charged against book income: Other deductions description
Schedule N
Beginning date of 10% owned foreign partnerships not reported on Form 8865
Ending date of 10% owned foreign partnerships not reported on Form 8865
Corporation owned foreign disregarded entities checkbox
Corporation owned at least 10% interest in any other foreign partnership checkbox
Corporation has an interest or signature or other authority checkbox
Corporation the grantor of or transferor to a foreign trust checkbox
US shareholder of any controlled foreign corporation checkbox
TL 22427 2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS Page 6 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved.
Form Name Field
Schedule PH
Stockholders name
Name of property
Property street address
Kind of property
Property date acquired
Description of federal and foreign income taxes which were not deducted in computing
Excluded interest amount under Section 543(b)(2)(C)
Farm Income
Farm name
Principal product
Accounting method - Cash or Accrual
Material participation checkbox
Other expenses - description
Other income - description
Rental Activities
Activity name
Activity number
Other income - description
Other expense - description
Form 1139
Was a consolidated return filed for any tax year covered on this application
If a consolidated return filed - give year and name and EIN of the common parent
If a consolidated return filed - give year and name and EIN of the common parent - cont.
Form 3800
Prior-year adjusted tax liability
Form 4562
Asset description
Date asset was acquired or placed in service
Federal treatment values
AMT treatment values
2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS TL 22427 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved. Page 7
Form Name Field
Book treatment information Note: For additional information, see “Depreciation” on page 27.
PY Section 179 Expense Code
PY Section 179 Expense amount
Bonus depreciation code
Bonus depreciation amount
Amortization indicator
Cost of Goods Sold designation
Tax preference code for ACRS real property before 1987
MACRS ADS straight line election
Listed Property Type: Automobile, Listed property, Truck, SUV, Electric Vehicle
Retire Asset checkbox
Business use percentage
Indian property checkbox
Note: Asset detail was converted for the following activities: General Trade and Business, Schedule F, Form 4835, and the Rent and Royalty Worksheet.
Form 4626
Other adjustments description
Average annual gross receipts - prior year 2
Average annual gross receipts - prior year 3
Form 4797
Nonrecaptured Section 1231 Loss: Carryover to next year for first preceding year
Nonrecaptured Section 1231 Loss: Carryover to next year for second preceding year
Nonrecaptured Section 1231 Loss: Carryover to next year for third preceding year
Nonrecaptured Section 1231 Loss: Carryover to next year for fourth preceding year
Nonrecaptured Section 1231 Loss: Carryover to next year for fifth preceding year
Form 6252
Property description
Property type such as: 1231, 1245, 1250, 1254 OR 1255
TL 22427 2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS Page 8 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved.
Form Name Field
Acquisition date of property
Date sold
Selling price
Mortgages and other debts buyer assumed or took the property subject to but not new
Original cost
Accumulated Depreciation
Depreciation subject to recapture
Pre 1976 excess depreciation
Post 1975 excess depreciation
Override total gain
Total ordinary gain to be recaptured if 1245, 1250, 1252, 1254, or 1255 property
Commissions and other expenses of sale
Collections in year 1
Name of related party
Address of related party
City of related party
ID of related party
Explanation if no tax avoidance
Form 8050
Type of account: Checking or Savings
Routing Number
Account Number
Prior-Year Comparison
Gross receipts
Returns & allowances
Cost of goods sold
Gross profit
Dividends
Interest income
Gross rents
Gross royalties
Capital gain income/loss
4797 gains/losses
2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS TL 22427 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved. Page 9
Form Name Field
Other income
Total income
Officers compensation
Salaries and wages
Repairs
Bad debts
Rent expense
Taxes
Interest expense
Contributions
Depreciation
Depletion
Advertising
Pension plans
Employee benefit plans
Other deductions
Total deductions
Taxable income before NOL & special deductions
NOL deduction
Special deductions
Taxable income
Total tax
Overpayment of prior year tax applied to current year
Estimated tax payments
Less refund applied for on Form 4466
Tax deposited with Form 7004
Total payments and credits
Estimated tax penalty
Tax due
Tax overpayment
Refund
Schedule K: Ordinary income
Schedule K: Net income from rental real estate activities
TL 22427 2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS Page 10 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved.
Form Name Field
Schedule K: Net income from other rental activity
Schedule K: Gross income from other rental activity
Schedule K: Less expenses from other rental activity
Schedule K: Interest income
Schedule K: Dividend income
Schedule K: Royalty income
Schedule K: Net short-term capital gain or loss
Schedule K: Net long-term capital gain or loss
Schedule K: Net gain or loss under section 1231
Schedule K: Other income <loss>
Schedule K: Charitable contributions
Schedule K: Section 179 expense deduction
Schedule K: Other deductions
Schedule K: Investment Interest: Investment expenses
Schedule K: Credits: Credit for alcohol used as a fuel
Schedule K: Credits: Low-income housing credit from partnerships
Schedule K: Credits: Low-income housing credit from other
Schedule K: Credits: Qualified rehabilitation expenditures related to rental real estate
Schedule K: Credits: Other credits related to rental real estate
Schedule K: Credits: Credits related to other rental activities
Schedule K: Credits: Other credits
Schedule K: Adjustments and Tax Preference Items: Depreciation adjustment on property placed in service after 1986
Schedule K: Adjustments and Tax Preference Items: Adjusted gain or loss
Schedule K: Adjustments and Tax Preference Items: Depletion <other than oil and gas>
Schedule K: Adjustments and Tax Preference Items: Gross income from oil and gas
Schedule K: Adjustments and Tax Preference Items: Deductions allocable to oil and gas
2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS TL 22427 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved. Page 11
Form Name Field
Schedule K: Adjustments and Tax Preference Items: Other adjustments and tax preference items
Schedule K: Foreign Taxes: Total foreign taxes
Schedule K: Foreign Taxes: Reduction in taxes available for credit
Schedule K: Other Items: Section 59e2 expenditures
Schedule K: Other Items: Tax-exempt interest income
Schedule K: Other Items: Other tax-exempt income
Schedule K: Other Items: Nondeductible expenses
Schedule K: Other Items: Total property distributions
Schedule K: Other Items: Total dividend distributions paid from accumulated earnings
Schedule K: Schedule K Income<Loss>: Schedule K net income<loss>
States Form Name Field
California
100 PMB number
California sellers permit number
DBA line 1
All required information returns have been filed with the Franchise Tax Board checkbox
100S – General Credits Credit Code
Credit Name
General Information Country of incorporation
Schedule R California Schedule R-2 - Does California sales figure on Schedule R-1 include sales
Schedule R-2 Question - Are the nonbusiness items reported on Sch R Side1
Schedule R-2 Question - Does the California sales figure in Sch R-1 include all sales
Schedule R-2 Question - Does the California sales figure on Schedule R-1 include all sales delivered
Schedule R-2 Question - Does the California sales figure on Schedule R-1 include all sales shipped from CA
TL 22427 2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS Page 12 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved.
Form Name Field
Schedule R-2 Explanation of questions 1 through 8
Selected Options Filing of Form 100W checkbox
Connecticut
CT1120 Tax registration number
Date business commenced
Date qualified
Ending balance of capital stock
Ending balance of holdings of stock of private corporations
Company is part of a combined return including two or more corporations checkbox
CT-1120S Towns where corporation owns/leases property or performs services
Minimum Tax Base Ending balance of holdings of stock
Holdings of stock - corporation name
Description of surplus reserves
Surplus Reserves - Ending Balance
Surplus/Undivided profits - Ending balance
Florida
F-1120 Transmitted funds electronically checkbox
Date of last IRS audit
Return is a Florida consolidated return checkbox
FEIN of parent corporation
Florida taxpayer election - A or B
List of years examined
Street address of corporate books
Georgia
600 / 600S Georgia sales tax registration number
Other additions description
Other subtractions description
Idaho
Indicate taxpayer elects to pay tax at 1 percent of gross sales checkbox
41S Electrical or telephone utility checkbox
Need Idaho income tax forms and instructions mailed to you checkbox
2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS TL 22427 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved. Page 13
Form Name Field
Multinational taxpayer filing method is Waters edge checkbox
Multinational taxpayer filing Worldwide return checkbox
Waters edge return is filed: Election to forego filing checkbox
Worldwide return is filed: foreign income computed by making adjustments checkbox
Inactive corporation or name holder corporation checkbox
Federal quarterly estimated payments required checkbox
Multinational: Other Subtractions - description
State adjustments: Other Additions - description
State adjustments: Other Deductions - description
Illinois
IL-1120 Foreign insurer checkbox
Parent Federal EIN
In care of name contact or signer name
Indiana
Business Location Business location
Nature of business activity at location
General Credits College name
General Information Additional Explanation of items elsewhere on return
Company’s email address
Farmer's Cooperative checkbox
Insurance company checkbox
IT-20 Accounting method: Cash or Accrual
Nature of activities of sales personnel operating and soliciting business
Nature of the business activities including the exact title and principal business activity of any partnership in which the corporation has an interest
Explanation for receipts not including sales to the US government
County
Taxpayer identification number
TL 22427 2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS Page 14 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved.
Form Name Field
If 80% or more of your gross income derived from making, acquiring, etc. checkbox
State of commercial domicile
Corporate telephone
INS IN county or OOS
IT-20S Enter X if composite return
Schedule F Source of interest
Source of dividends and percent owned
Source of other income
Distributive share: partnership name
Source of capital gains or losses
Source of patents
Source of rents
Kansas
Corporate Annual Report Nature and kind of business
ID number
Number of shares of capital stock
Number of stockholders
Tract Information County
Acquired after July 1, 1981 checkbox
Tract or Parcel if the Tract is owned checkbox
Does not own or lease suitable land checkbox
Number of acres
Purpose
Range
Section
Township Information on each Lot, Tract, or Parcel of Agricultural land in Kansas that is owned or leased by the Corporation
K-120 Date business began in Kansas
Principal location address
Telephone number where books are
Sales tax number
Other registration number
K-120, K-120S, K-130 Other additions - description
Other subtractions - description
2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS TL 22427 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved. Page 15
Form Name Field
K-130ES Name of the contact person
Professional Annual Report Architect
Attorney
Chiropractor
CPA
Dentist
Engineer
Surveyor
Landscaper
Clinical Psychologist
Optometrist
Osteopath
Pharmacist
Surgeon
Podiatrist
Physical Therapist
Nurse
Clinical Social Worker
Veterinarian
List of non-qualified people
Maine
1120-ME Dividends from affiliated corporations descriptions
Income not taxable under the Constitution of ME or US
Unrelated expenses descriptions
ME Combined Information Does the corporation have nexus with Maine
Parent company EIN
Telephone number
ME Form 1120S-ME Principal place of activity in Maine
ME Form 2220ME Corporation is a large corporation under IRS section 6655 checkbox
General Information Indicate whether you are a member of an affiliated group filing a separate return checkbox
Maryland
500 Address of principal place of business in MD - C Corp
TL 22427 2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS Page 16 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved.
Form Name Field
Date of Incorporation - C Corp
Description of operation in MD
Other additions description
Other subtractions description
510 Location of tax records in 1
Principal place of business - S Corp
Massachusetts
355A/B IRS forms filed with this return - 4255
355C Parent FEIN if filing consolidated US return
Annual Report Number and street of Massachusetts office
Number and street of principal office
Number of par value preferred shares of stock authorized
Name of resident agent
The corporation stock is publicly traded
Total issued and outstanding shares of par value preferred stock
F-2 Book value of plant, land, and equipment in MA for the current year
Book value of plant, land, and equipment worldwide for the current year
Net assets for the current year
Net capital investments in MA for the current year
Net capital investments worldwide for the current year
Sales in Massachusetts for the current year
Sales worldwide for the current year
Total amount of wages paid to employees in Massachusetts during current year
Total amount of wages paid to employees worldwide during current year
Total loans for the current year
Total mortgages for the current year
Total number of persons employed in Massachusetts in current year
Total number of persons employed worldwide during current year
2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS TL 22427 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved. Page 17
Form Name Field
General Information Enter X for option to select Mutual Fund Sales Corporation for apportionment
Section 38 manufacturer
Schedule H Description of research and development
The corporation is engaged primarily in agriculture
The corporation is engaged primarily in commercial fishing
Michigan
Penalties & Interest Enter X to Compute penalty for late filing
Enter X to Compute interest for late filing
Minnesota
Annual Registration City and state of CEO
Corporate Charter number
Corporation owns interest in farm land
Name of CEO
Registered office address
Registered office city
Registered office ZIP code
Principal office street address
Principal office city and state
Principal office ZIP code
Street address of CEO
M4 Contact person within the corporation
Enter X if corporation is co-op
Minnesota identification number
Preparer identification number
Title of contact person
Missouri
General Information Assets include an interest in partnership or LLC
C-Corp Alpha Code
C-Corp Benefit Number
Enter X to indicate consolidated federal / separate MO return
Interest Income Enter X to compute interest
MO-1120 / MO-1120S Missouri charter number
Missouri ID number - MITS
TL 22427 2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS Page 18 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved.
Form Name Field
Taxpayer authorizes the Director of Revenue or his delegate to discuss the return and attachments with the preparer or any member of his/her firm
New Jersey
Allocation & Apportionment Key Corp ID
Key Corp Name
CBT-100/100S Corporation books in care of
Explanation for other taxes
Telephone number
New Jersey corporation number
CBT-100 Schedule A Other additions description
Other deductions description
CBT-100 Schedule B Accounts payable end
Accumulated depreciation buildings end
Accumulated depreciation machine end
Bonds mortgages and notes end
Buildings & other improvements end
Cash end of tax year
Common capital stock end
Corporate stocks end
Cost of treasury stock end
Deferred charges end
Description for appropriated retained earnings
Description for mortgage note less than 1 year
Description for mortgage note more than 1 year
Description for other current liability
Description for other intangible personal property
Description for other liability
Description for other tangible personal property
End amount for appropriated retained earnings
End amount for mortgage note less than 1 year
End amount for mortgage note more than 1 year
End amount for other current liability
End amount for other intangible personal property
End amount for other liability
2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS TL 22427 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved. Page 19
Form Name Field
End amount for other tangible personal property
End of other governmental obligation
End of retained earnings-unappropriated - Override
Inventory end
Land end of tax year
Loans from stockholders end
Loans to stockholders end
Machinery & equipment end
Paid in or capital surplus end
Patents & copyrights end
Preferred capital stock end
Reserve for bad debts end
Stock of subsidiaries end
Trade notes & accounts receivable end
CBT 100 Schedule G Interest paid to related party
Related party interest expense
CBT-100 Schedule L Enter X whether or not the taxpayer corporation, unincorporated trust, or unincorporated association is qualified REIT
Enter X whether or not the taxpayer has satisfied the requirements of Chapter I, Subchapter M, Part I, Sect. 852
Is this taxpayer registered and regulated under the Federal Investment Company Act of 1940
Registration date
Registration number
CBT-100 Schedule P Percentage of interest for non-voting
Book value
Dividend income
Name of subsidiary
Percentage of interest for voting
CBT-100S Schedule J Explain internal controls used in distribution of receipts in and out of New Jersey
Explain internal controls used in distribution of receipts in and out of New Jersey line 2
List at least one address of regular place of business
TL 22427 2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS Page 20 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved.
Form Name Field
Location of seat of management
CBT-100S Schedule P-1 Date organized
Federal EIN
Name of partnership LLC
Ownership percentage
State organized
General Information Percentage of stock owned for controlled corporation
By whom controlled for controlled corporation
Description for exchanges where listed
Enter X if federal S Corp. filing as New Jersey C Corporation
Enter X to suppress print Federal attachments
Location of corporation books
Name for controlled corporation
Professional address
Registered agent change of city
Registered agent change of name
Registered agent change of state
Registered agent change of ZIP code
Subject to higher minimum tax
New York
General Information Business code
Business phone number
Date foreign business began in NYS
QSSS Required Inclusion (FEIN, Name, Date)
QSSS Elective Inclusion (FEIN, Name, Date)
Primary corp. EIN
Primary corporation name
Parent corporation name
Parent EIN
Trade Name
Written evidence of indebtedness
Enter X if qualified cooperative housing corporation
MTA Surcharge Activate 3M/4M
2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS TL 22427 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved. Page 21
Form Name Field
NY Bank – Adjustments Sch B, Article 9b/9c deduction: description
NY Bank – General Information County Code
Country of foreign headquarters
Shareholder Adjustment Shareholders - Additions to federal itemized deductions: Description
Shareholders - Subtractions to federal itemized deductions: Description
Underpayment Enter X if this is a large corporation
NYC General Information Block
Borough
Lot
Member EIN
Member name
Other significant business activities
Enter X to have interest in real property
NYC Bank – General Information Date approval from Federal Reserve Bank
Date established international banking facility in New York City
Enter X if type of business location is agency
Enter X if type of business location is branch
Enter X if type of business location is loan production
Enter X if type of business location is none
Enter X if type of business is representative office
Enter X if type of corporation is alien commercial
Enter X if type of corporation is domestic commercial
Enter X if type of corporation is edge act
Number of New York City combined members
Number of New York State combined members
Specify other type of business location
Real Property Nature or interest
NYC real property block
NYC real property borough
NYC real property lot
NYC real property street address
TL 22427 2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS Page 22 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved.
Form Name Field
North Carolina
Does this corporation finance/discount its receivables through a related or affiliated company
Name of officer
Subsidiary of another corporation
Title of officer
Principal Office Telephone
Registered Agent Name
Title of Officer
FIN Receivables Via Affiliate
NC Principal Trade
Parent of Corporation
Sec of State ID NR
Escheats and abandoned property - Does this corporation hold unclaimed property
Oregon
20 Corporate business identification number
20/20-S State of commercial domicile
General Credits Description of other credit
General Information Contact person’s name
List years for which the federal waivers of the statute of limitations are in effect
Telephone number for the location of books and records - Override
Tax Computation Description of net nonbusiness income
Net nonbusiness income allocated to OR
Pennsylvania
General Information 52 - 53 week filer
Business Trust
Enter X to mail settlement notice and request for additional information to preparers
Preparer’s title
Sales tax lic#
Section D - Enter X - Did your corp. have indebtedness outstanding held by a trustee
Section D - General Information - Enter X - Did corporation have indebtedness
2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS TL 22427 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved. Page 23
Form Name Field
Section D - General Information - Enter X - Did the corporation have a treasurer or other officer
Compute Options Enter X if Holding company - 10% rate for CS/F tax
PA-20S Business Profession or Farm income - Previous disallowed CNI deduction - description
RCT-102 Advances to individuals - RCT-102 Page 2A Column A-2 - Net book value ending
Advances to other companies - RCT-102 Page 2A Column A-2 - Net book value ending
Bonds Mortgage or Notes - RCT-102 Page 2A Column A-2 - Net book value ending
Cash in drawer - RCT-102 Page 2A Column A-2 - Net book value ending
Cash surrender value of officers life insurance - RCT-102 Page 2A Column A-2 - Net book value ending
Demand deposits - RCT-102 Page 2A Column A-2 - Net book value ending
Finished goods - RCT-102 Page 2A Column A-2 - Net book value ending
Land - RCT-102 Page 2A Column A-2 - Net book value ending
Miscellaneous investments - RCT-102 Page 2A Column A-2 - Net book value ending
National bank shares - RCT-102 Page 2A Column A-2 - Net book value ending
Net accounts receivable customer - RCT-102 Page 2A Column A-2 - Net book value
Net buildings - RCT-102 Page 2A Column A-2 - Net book value ending
Net equipment and fixtures - RCT-102 Page 2A Column A-2 - Net book value ending
Net leasehold improvements - RCT-102 Page 2A Column A-2 - Net book value ending
Net other fixed assets - RCT-102 Page 2A Column A-2 - Net book value ending
Net vehicles and other rolling equipment - RCT-102 Page 2A Column A-2 - Net book
Notes receivable - RCT-102 Page 2A Column A-2 - Net book value ending
Other assets - RCT-102 Page 2A Column A-2 - Net book value ending
TL 22427 2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS Page 24 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved.
Form Name Field
Other governmental securities - RCT-102 Page 2A Column A-2 - Net book value ending
Other tangible property - RCT-102 Page 2A Column A-2 - Net book value ending
Payments and accruals - RCT-102 Page 2A Column A-2 - Net book value ending
Raw materials - RCT-102 Page 2A Column A-2 - Net book value ending
Schedule G - Credit for income tax paid to another state or country - name of state or country
Stocks of foreign corporations owned > 50% - RCT-102 Page 2A Column A-2 - Net book
Stocks of other foreign corporations - RCT-102 Page 2A Column A-2 - Net book value
Stocks of PA corporations - RCT-102 Page 2A Column A-2 - Net book value ending
Supplies - RCT-102 Page 2A Column A-2 - Net book value ending
Time deposits - RCT-102 Page 2A Column A-2 - Net book value ending
US Securities - RCT-102 Page 2A Column A-2 - Net book value ending
Work in progress - RCT-102 Page 2A Column A-2 - Net book value ending
RCT-106 Schedule 1 - Exempt Tangible Assets - Column C - Buildings
Schedule 1 - Exempt Tangible Assets - Column C - Equipment and fixtures
Schedule 1 - Exempt Tangible Assets - Column C - Inventories
Schedule 1 - Exempt Tangible Assets - Column C - Land
Schedule 1 - Exempt Tangible Assets - Column C - Leasehold improvements
Schedule 1 - Exempt Tangible Assets - Column C - Motor vehicles
Schedule 1 - Exempt Tangible Assets - Column C - Other tangible property
Schedule 1 - Exempt Tangible Assets - Column C - Rolling stock other movables
Schedule 1 - Exempt Tangible Assets - Column D - Buildings
2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS TL 22427 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved. Page 25
Form Name Field
Schedule 1 - Exempt Tangible Assets - Column D - Equipment and fixtures
Schedule 1 - Exempt Tangible Assets - Column D - Inventories
Schedule 1 - Exempt Tangible Assets - Column D - Land
Schedule 1 - Exempt Tangible Assets - Column D - Leasehold improvements
Schedule 1 - Exempt Tangible Assets - Column D - Motor vehicles
Schedule 1 - Exempt Tangible Assets - Column D - Other tangible property
Schedule 1 - Exempt Tangible Assets - Column D - Rolling stock other movables
Schedule H Street address
City and State
Type of Business
Texas
General Information Beginning date of accounting period
Ending date of accounting period
Charter or filing number
Taxpayer number
05-102 Principal office
Principal place of Business
Name of owned corporation
Owned state incorporated
Owned SOS File #
Owned ownership %
Name of owning corporation
Owning state incorporated
Owning SOS File #
Owning ownership %
Registered Agents Name
Virginia
500 Virginia corporate account number
Wisconsin
5S Recycling surcharge
TL 22427 2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS Page 26 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved.
Form Name Field
Adjustments Other additions
Other nontaxable income
General Information Number of business locations Wisconsin operations
Sellers permit use tax number
Items not converted Due to differences between GoSystem Tax RS and ProSystem fx software or data structures, or the item does not rollover to 2010, the following items are not converted.
After accessing your converted data, enter the applicable items at your convenience.
General information such as footnotes, letters, elections, and invoices
Amended return information
Pass-through sale information for K-1s, farms, farm rentals, and rentals
Form 1120 REIT
Form 1120 H
Form 1120-POL
Form 1120-L
Form 1120-PC
Form 1120-Co-op
Extension information
Estimate options
Consolidated amounts and information
Carryovers
Capital Losses generated or used in current year (Regular and AMT)
Net Operating Loss
Passive activity carryovers (Regular and AMT) for Schedules F and K-1, Form 4835, and the Rental and Royalty Worksheet
Form 6198 at-risk amounts for Regular and AMT amounts for Schedules F and K-1, Form 4835, and the Rental and Royalty Worksheet
Supplemental information for shareholders
Schedule B questions other than the Schedule B questions specified in the section for items converted
Form 4466 quick refund information
Data from fields in which entries were overridden in ProSystem fx
2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS TL 22427 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved. Page 27
Client data that was password protected in ProSystem fx has been converted to GoSystem Tax RS. However, the client data is no longer password protected after the conversion process.
Conversion notes and exceptions The following section contains additional detail to assist in review of the information that has been converted.
Rent, Royalty, and Farm Information (Activity Information) Names of “.” have been assigned to activities that did not contain names in ProSystem fx.
Carryovers Except for the carryovers specifically listed in the preceding tables, we do not convert carryovers.
Depreciation Section 179 carryovers do not convert.
Asset descriptions are limited to 20 characters.
Business user percentage was converted only when percent excluded was used in ProSystem fx.
Please add vehicle use information to the tax return data for 2010. Indicate if luxury auto limits are applicable.
The method MACRS 150%, when the Indian property designation is present, could not be converted. Additional data entry will be required.
ACE depreciation information is not converted. Additional data entry may be required.
We do not convert ITC codes. We do not convert tax preference code “P” for amortization of certified pollution control facilities.
By default, book treatment information is converted using the federal values and requires modification. Please review all book treatment values, including accumulated depreciation, for accuracy.
Depletion Depletion information does not convert.
State Depreciation State-specific depreciation amounts do not convert.
Shareholder Information Ownership percentages are rounded to four decimal places. For example, if the value was 12.147572 percent in ProSystem fx, that value has converted as 12.1476 percent.
Form 4626 Please review the 2009 Gross Receipts amount used in computing the Small Corporation Exemption (Organizer > Taxes > Alternative Minimum Tax > Alter. Minimum Tax).
TL 22427 2010 Post-Conversion Guide: ProSystem fx 1120C / 1120S to GoSystem Tax RS Page 28 Copyright 1999 – 2010 by Thomson Reuters/Tax & Accounting. All rights reserved.
Getting help If you have any questions about accessing your converted data, please call Client Services at 800-327-8829 and select the appropriate options. Our professional staff will be glad to assist you.