Hey!WeShouldHangoutSoon!! Posted January 8, 2020 Report Share Posted January 8, 2020 Hey guys, I apologize for this annoying type of post but I'm pulling my hair out about something. How do you set default preferences for the Form 1040, such as the Third Party Designee preference box being already marked in the Main Info tab when you open a new return? I did this last year but can't seem to remember how do it. Thanks in advance for any help. Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted January 8, 2020 Report Share Posted January 8, 2020 Customize master forms under the tools menu. I have a huge list of customizations I do every year. I highly recommend you start your own list. 1 Quote Link to comment Share on other sites More sharing options...
Hey!WeShouldHangoutSoon!! Posted January 8, 2020 Author Report Share Posted January 8, 2020 Thank you so much, Abby. I swear, the older I get, the more I lose my mind every day 1 Quote Link to comment Share on other sites More sharing options...
TAXMAN Posted January 9, 2020 Report Share Posted January 9, 2020 Hey Abby Can you give us atxr's some of your popular fixes.I have a couple would like more. Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted January 9, 2020 Report Share Posted January 9, 2020 Ok, but keep in mind some of these are personal preferences. And I have some for MD if you do that state. Caveat: With all the form changes, I may not have fully updated my list. Note: If you open up just the EF Info form for any signature form (1040, 1065, etc.), then add the signature form, letters will open up. Then you can customize letter options to 'will be efiled', Custom name, etc. 1040 Check third party designee on page 2 Yes Check to print Filers Info Check to print Ln 1 Wages Check to print Line 8 Standard vs Itemized Check to print Line 11a Tax Calc Check to print Line 12a Child Tax Credit Check to print Line 16 Federal income tax withheld Check to print line 21 Other income Check to print line 48 Foreign tax credit Check to print AGI Split Check to print Earned Income Late Filing-Override interest rates as they become available during the year. Sch B (1040) Check to print Sch D (1040) Check to print Tax Wkst Check to print AMT forms Sch E Page 1 Check No for Did you make payments that require 1099 on Tab 1. Home Office Worksheet Don't print Home Office Info or Expense Input 1040 EF Check Practitioner PIN Check ERO entered for Taxpayer (only) Link Date signed field to 1040 page 2 date. (Can't do with new forms in 18) Payment and Refund tab: check to print if not already checked. Check No for Protection Plus Add text for signature and date (see text file) Book Antigua 12 Maining Inst: don't print PIN tab: check to print E-filed Forms: check to print 1040-ES Options check Round to 100 Payment options online or paper check Check to print IRS Estimate Wkst Check to print Options Don't print est worksheet Don't print SE tax worksheet 1099-DIV Detail tab Add 9 lines (total of 10) Uncheck Add to Payer Manager Leave cursor in line 1 Print Summary 1099-G Don't print totals 1099-INT Detail tab Add 9 lines (total of 10) Uncheck Add to Payer Manager Leave cursor in line 1 Print Summary 1099R Detail Tab Add 4 columns (total of 5) Uncheck Add to Payer Manager Leave cursor in column 1 Uncheck to not print Summary Totals Check to print Summary Payers Uncheck to not print Code Summary 1116 Check Income Reconcilation to print Check AMT Reconcilation to print 2848 Page 1 check box to receive communications Ln 3 Enter INCOME for description and 1040 for form Page 2 at bottom Designation: b Jurisdiction: MARYLAND Cert#: 13934 4868 Open 1040, 1040 EF, Comparison & 4868 Enter an amount on Comparison line Total tax Prior Year column Link line 15 prior year to 4868 tab 1 line 4. Enter 0 on 4868 line 7. Trick: Enter 1 first then change to 0. Check box Lock amounts and carry Restore line 63 on Comparison Efile Info-Check Practitioner PIN Efile Info-Link taxpayer & spouse PIN to 1040 EF Efile Info-Check ERO entered checkbox for taxpayer Efile Info-Link ERO entered checkbox for spouse to 1040 EF checkbox Efile Info-Enter 4/1/yy for date signed Efile Info-Enter ERO PIN Payment-Check Paper check 8283 Add 4 records for total of 5 Do the following for all 5 records Type of property: Household items and clothing Date acquired: VARIOUS Date of contribution: 12/31/yy Type of Charitable Org: 50% Description: HOUSEHOLD & CLOTHING Condition: GOOD How acquired: PURCHASE Fair market value: 600 (this makes 'Were goods...' question appear) Method: Thrift shop value Were goods or services exchanged for the donation: check No box Restore Fair market value field Donee Summary Worksheet Don't print Make sure you're in record 1 before savig and closing. 8582 Line 7 Mod AGI, check to print 8615 Check all pages to print 8949 Detail tab Add 9 rows (total of 10) Check to not print Gain(Loss) Summary Bank Account Check use prior years Check show only jurisdictions in return Check personal Check No for foreign Check apply to all jurisdictions Comparison (1040) Just keep open IRA/Roth Wkst Mark all pages to print except SS With IRA K1 Input (1065) Check to print PTP Summary & AMT Don't print Allowed Amounts and Carryover page. K1 Input (1120S) Check calculate basis (Must have 1040 open for box to show) Set holding period to long-term for excess distributions in Basis section (Trick: enter name at top to get Basis section to appear.) In Basis Limitation section, check to carryover nondeductible expenses. Restore name field when done. Don't print Allowed Amounts and Carryover page. K1 Input (1041) Don't print Allowed Amounts and Carryover page. NOL Mark all pages to print W2 Detail Tab Add 2 columns (total of 3) Uncheck Add to Payer Manager Leave cursor in column 1 Uncheck to print summary totals Check to print summary payers W2G Detail Tab Add 4 columns (total of 5) Uncheck Add to Payer Manager Leave cursor in column 1 Uncheck to print summary totals Check to print summary payers ***************************END OF INDIVIDUAL FORMS********************************* 1041 Check May IRS discuss return with preparer Check to print Ln 11 Taxes 1041EF Print efiled forms Sch D Print tax worksheet Sch K1 (1041) Global Info: Print Page 2 K1 Codes Input: Entity Type I Print letter 1065 Check May IRS discuss return with preparer Options complete Schedules L, M1, M2 Line 15 Bus Int Limitation Check box not subject Sch L Balance Sheet per Books: Uncheck to NOT print this worksheet Sch K1(1065) Add 2nd record Global Info: Print Page 2 Print K1 Codes Uncheck Print K1 letter Print basis statement Print basis summary Print capital summary Input check domestic partner Leave cursor on record 1 1065 EF Check Option (1) Using Practitioner PIN Check ERO entered Enter ERO PIN Link Date signed field to Date return prepared at top. Signing Inst: don't print PIN tab: check to print E-filed Forms: check to print 1120 Check May IRS discuss return with preparer Options Complete Schedules L, M1 and M2 Pg 5 Q 24 Answer yes for business interest Sch L Balance Sheet per books Check to NOT print this worksheet 1120/S EF Check Option (1) Using Practitioner PIN (same form for 1120 & 1120S) Check ERO entered Enter ERO PIN Link Date signed field to Date prepared at top. Payment and Refund tab: check to print Mailing Inst: don't print PIN tab: check to print E-filed Forms: check to print 1120S Check May IRS discuss return with preparer Options Complete Schedules L and M1 Line 13 Bus Int Limitation Check box not subject Sch L Balance Sheet per books Check to NOT print this worksheet Sch K1 (1120S) Global Info: Print Page 2 K1 Codes Uncheck Print K1 letter Print shareholders basis statement Input: Shareholder type I 1125-A Check Lower of cost or market Check No for question e: does 263A apply Check No for f any change in determining quantities, cost or valuations 1125-E Check to truncate officer's SSNs Elections Deprec and Amort check box to Apply De Minimis Safe Harbor to Expense 263(a) Check box to Apply Safe Harbor for Small Taxpayers-Eligible Building Property 263(a) Blank Elections Copy/Paste from last year. Uncheck to print. Quote Link to comment Share on other sites More sharing options...
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