Prosystems Tax Conversion Guide

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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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).


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.

Documents

Prosystems Tax Conversion Guide