Tax Code Listing for Chart of Accounts Setup

ACCOUNTING AND ENGAGEMENT PRODUCTS

IN THE CS PROFESSIONAL SUITE?

Tax Code Listing for

Chart of Accounts Setup

version 2019.x.x

TL 32287

(2/05/20)

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Thomson Reuters hereby grants licensees of CS Professional Suite software the right to reprint this document solely for their

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Contents

Introduction............................................................................................................... 1

Additional information .......................................................................................................... 2

Tax Codes ¡ª 1040, Individuals ............................................................................... 3

Tax Codes ¨C 1041, Fiduciaries ................................................................................ 9

Tax Codes ¨C 1065, Partnerships ........................................................................... 15

Tax Codes ¨C 1120, C-Corporations ....................................................................... 25

Tax Codes ¨C 1120S, S-Corporations .................................................................... 37

Tax Codes ¨C 990, Exempt Organizations ............................................................. 47

Tax Codes ¨C 990, Private Foundations ................................................................ 57

Tax Codes ¨C 5500, Employee Benefit Plans ........................................................ 63

Tax Code Listing for Chart of Accounts Setup

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Contents

iv

Tax Code Listing for Chart of Accounts Setup

Introduction

Tax code assignments* can be made in your CS Professional Suite application to

associate the balances from specific general ledger accounts for tax reporting, as

follows:

Account balances from:

Accounting

CS?

(v.2010.1.0) or higher

Transfer to:

UltraTax CS? (v.09.5 or higher)

Lacerte?

ProSystem fx?

ProSeries?

Workpapers CS? (v.2012.1.0 or higher)

UltraTax CS (v.11.5 or higher)

Lacerte

ProSystem fx

ProSeries

Engagement CS? in Creative Solutions

Accounting? (CSA)

UltraTax CS

GoSystem? Tax RS

Lacerte

ProSystem fx

ProSeries

* For Engagement CS and UltraTax CS, the actual tax code assignments can be made either in the

accounting software or in the tax software.

The tax code assignments that you make during Chart of Accounts setup enable

your tax software to carry the general ledger balances to the proper lines on the

appropriate tax forms.

This document lists the tax codes plus the latest form and input screen references

for tax processing with UltraTax CS. Tax codes that have been added for 2019 are

marked NEW (in the Tax Code column next to the number).

See also: Tax Code Diagrams for Chart of Accounts Setup (PDF)

Tax Code Listing for Chart of Accounts Setup

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