Where To Enter

Form 5227 Split-Interest Trust Information Return

Tax Processors Plus Desktop does not currently support Form 5227.

Where do I enter Location of Wisconsin Operations on Form 4?

If business is not conducted 100% in Wisconsin a Location of Operations within Wisconsin is required.

Form 1120 - Schedule G

If Schedule K (Form 1120) Question 4a or 4b is answered Yes, Schedule G must be included with the return to provide the additional information requested for the entities, individuals, and estates owning the corporation's voting stock.

Form 8996 - Business Entity Reporting of Qualified Opportunity Fund

The Tax Cuts and Jobs Act of 2017 provided for the deferral of capital gains if invested in certain economically distressed census tracts designated as Qualified Opportunity Zones (QOZ).

Form 8878-A IRS e-file Electronic Funds Withdrawal Authorization for Form 7004

Form 8878-A, IRS e-file Electronic Funds Withdrawal Authorization for Form 7004, is automatically generated by the program when a business extension (Form 7004) is marked for electronic filing and an electronic payment is entered in the return.

Desktop Form 1120-S: Form 7203 - S Corporation Shareholder Stock and Debt Basis Limitations

Beginning in tax year 2021, Form 7203 replaced the 3-part "Worksheet for Figuring a Shareholder’s Stock and Debt Basis" and its related instructions formerly found in the Shareholder's Instructions for Schedule K-1 (Form 1120-S).

Where Do I Enter the Method of Accounting on a Business Return?

Net Income (Loss) from Rental Real Estate in which the Partner/Shareholder is a Partnership or S Corp

Form 8825 is used by partnerships and S corporations to report income and deductible expenses from rental real estate activities.

Where to Enter the Principal Business Activity And Code Number - Business Returns

The 6-digit Principal Business Activity Code for a business must be entered in the tax return in order to file the return electronically.

Marking A Business Return As "Final" Or "Terminated"