Drake Software User's Manual Tax Year 2011 Supplement: S ...

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Overrides WorksheetOverride LocationScreen/Line Field Name Location of Information Being Overridden1120SOverrides Form 4562 line 12 (If Method M is chosen there must179 expense ALLOWED this year, Federalbe an entry made on line 179 expense elected this year orMethod EXP must be used). Overrides amount calculated forWK_S179L.179 expense ALLOWED this year, Book (if different)Overrides the calculated book amount and the amount for theWK_S179L."ForceOverrides convention determined by the dates of assets placedPlaced in Service and Like-Kind Exchange Infoconvention"in service during the year."Do not useOverrides how the system calculates depreciation for the "Life"MACRS % Placed in Service and Like-Kind Exchange Infoand "Method" columns of the Depreciation Detail Listing.tables"4562 Part 11 Maximum amount if greater than $500,000Overrides the maximum of 179 expense for 2011 of $500,000 online 1 of Form 45622Total cost of sec 179 property placed in service in Overrides the software calculated amount of section 179current yearproperty placed in service during the tax year.19 Total business income, Federal Overrides line 5 on WK_s179LForm 3468 Computation of Investment Credit5a5b6b11e11g11h11j12a12b12c12iQualifying advanced coal project credit,Basis of investment in gasification for section49A(d)(3)(B)(i) projectsQualifying advanced coal project credit, Basis ofinvestment in coal-based generation for section49A(d)(3)(B)(ii) projectsQualifying gasification project credit, Basis ofinvestment property not included in (a) aboveRehabilitation property, Pre-1936 buildings in the GulfOpportunity ZoneRehabilitation property, Other pre-1936 buildingsRehabilitation property, Certified historic structures inthe Gulf Opportunity ZoneRehabilitation property, Other certified historicstructuresEnergy Credit, Basis of property using geothermalenergy placed in service during 2009Energy Credit, Basis of property using solar illuminationor energy placed in service during 2009Energy Credit, Qualified fuel cell property: Basis ofproperty installedEnergy Credit, Qualified microturbine property: Basis ofproperty installedOverrides the cost entered on the 4562 detail screen asdetermined by the code (CA) entered in the Investment creditcode drop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code entered in the Investment credit codedrop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code entered in the Investment credit codedrop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code (RA) entered in the Investment creditcode drop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code (RB) entered in the Investment creditcode drop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code (RC) entered in the Investment creditcode drop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code (RD) entered in the Investment creditcode drop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code (EA) entered in the Investment creditcode drop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code (EB) entered in the Investment creditcode drop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code (EC) entered in the Investment creditcode drop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code (ED) entered in the Investment creditcode drop list.Form 6478 - Alcohol and Cellulosic Biofuel Fuels Credit2 Alcohol 190 proof or greater Overrides the default rates. Refer to form instructions.3 Alcohol less than 190 proof Overrides the default rates. Refer to form instructions.Qualified cellulosic biofuel produced after 2008 that is4Overrides the default rates. Refer to form instructions.alcoholForm 8609 - Low-Income Housing Credit Allocation & CertificationSchedule A - Annual Statement, Override of computed2Overrides computed rate on Form 8609A, Part II, line 2.rate8845 - Indian Employment Credit5 Form 8845 credits from pass-through entities Overrides amounts from K1F screen, line 13, code L.Schedule K-1 for 1065 (K-1 P)
Overrides WorksheetOverride LocationScreen/Line Field Name Location of Information Being Overridden1120SFor section 179 Use Only, 2010 179 exp allowedFor section 179 Use Only, 2009 179 exp allowedOverrides the allowed amount calculated on the WK_S179Lworksheet.Overrides the allowed amount calculated on the WK_S179Lworksheet.Current year QRP 179 exp allowedOverrides calculated amount.SS-4 - Application for Employer Identification NumberCounty & state Overrides the county and state entered on screen 1.Date business started/acquired Overrides the date entered on screen 1.Form 982 - Reduction of Tax Attributes Due to Discharge of IndebtednessBeginning of tax yearOverrides default calendar year dates or fiscal year datesentered on screen 1End of tax yearOverrides default calendar year dates or fiscal year datesentered on screen 1State of IncorporationOverrides entry made on screen 1 (General Info).Form 2220 - Underpayment of Estimated Tax (Screen 1 of 2)10OVERRIDE installment amounts (required tor 1 or 2)((a)-(d))Overrides amount carried from ES screen.Form 2553 - Election by a Small Business CorporationPart III - Qualified Subchapter S Trust (QSST) Election, Overrides the entry made in Part I, line H, Title, on screen 2553.Officer title for signature sectionForm 3115 Change in Accounting MethodGeneral Information - Principal business activity codenumberOverrides entry made on screen 1 (General Info).Tax year of change beginsOverrides entry made on screen 1 (General Info).Tax year of change endsOverrides entry made on screen 1 (General Info).Contact person's telephone numberOverrides entry made on screen 1 (General Info).25Parts II,IV Section - Net Section 481(a) adjustments forOverrides amount flowing from Form 3115, section A, line 1h.the year of changeForm 7004 - Application for Automatic Extension for Form 1120S6 Tentative tax before credits (Payments/Credits)Overrides the amount calculated on From 1120S (page 1), line22c.7 Total payments and creditsOverrides the amount calculated on From 1120S (page 1), line23a.Form 8027 Employer's Annual Information Return of Tip Income and Allocated Tips7 Allocation of tips if using other than calendar yearOverrides calculated amount for line 7 of form; place X in line 6to activate this override.Form 8082 - Notice of Inconsistent Treatment or Administrative Adjustment Request (AAR)7 Corporation's tax year Overrides dates entered on screen 1Form 8283 - Noncash Charitable ContributionsRestrictions, Override sectionChanges information on Form 8283 from section A to section Bor vise versaForm 8716 -Other Than Required Tax Year Election4 Date of required tax year Overrides calculated date based on return type election.Form 8822 - Change of Address4a Business name Overrides information entered on screen 1.4b Employer ID number Overrides information entered on screen 1.6 New mailing address Overrides information entered on screen 1.8 Daytime phone number Overrides information entered on screen 1.Form 8873 - Extraterritorial Income Exclusion5a Business activity code Overrides information entered on screen 1.5b Product Overrides information entered on screen 1.Form 8925 - Report of Employer-Owned Life Insurance ContractsType of business Overrides information entered on screen 1.Client Bill - Adjustments and PaymentsBilling option (overrides what is set up in options)Custom paragraph option (overrides what is setup inoptions)Date to be printed on billOverride the option selected in Setup > Options, Billing tab.Override the option selected in Setup > Options, Billing tab.Overrides current date.
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Drake Software User's Manual Tax Year 2011 Supplement: S ...

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