US Tax Year Export

The following describes the enhancements included in the December 2018 update.


Tax Integration

Updated the following tax packages to support the 2018 tax year:

  • CCH ProSystem fx® Tax

  • CCH Axcess™ Tax
  • GoSystem Tax® RS

  • UltraTax® CS

  • Lacerte® Tax

Updated the following US 2018 tax code exports:

CCH Prosystem fx® Tax, CCH Axcess™ Tax

Tax Entity New Code Description Change Old Code
Corporation C13A Foreign Src div from 10% owned NEW -
C14A Other Foreign Corp. Dividends LINE CHANGE C13
C15C Section 965a inclusion NEW -
C16AA SubF incl derived from sale NEW -
C16BA SubF incl derived from hybrid div NEW -
C16CA Inc Control Foreign Corps/SubF LINE CHANGE C14
C17A Global Intangible Low-Taxed Inc NEW -
C18A Foreign Dividend Gross-up LINE CHANGE C15
C19A IC-DISC/Form DISC Div not Abv LINE CHANGE C16
C20 Other Dividends LINE CHANGE C17
C21C Div Pd Certn Pref Stk Pub Util LINE CHANGE C18
C22C Section 250 Deduction NEW -
M3204B Gross up for foreign taxes-Temp DESC -
M3204C Gross up for foreign taxes-Perm DESC -
M3204D Gross up for foreign taxes-Tax DESC -
M3337A Sec 162r - FDIC prems-Book NEW -
M3337B Sec 162r - FDIC prems-Temp NEW -
M3337C Sec 162r - FDIC prems-Perm NEW -
M3337D Sec 162r - FDIC prems-Tax NEW -
M3338A Oth.expense items w. diffs-Book LINE CHANGE M3337A
M3338B Oth.expense items w. diffs-Temp LINE CHANGE M3337B
M3338C Oth.expense items w. diffs-Perm LINE CHANGE M3337C
M3338D Oth.expense items w. diffs-Tax LINE CHANGE M3337D
S Corporation K12DJ - DELETE -
K12DJ.A - DELETE -
M201D Accumulated Earnings and Profits NEW -
M205A Distrib -Other Adj Acct DESC -
M207A Distrib -Accum Adj Acct DESC -
M207F Distrib -Accum Earn and Prof NEW -
Partnership K06C Dividend Equivalents NEW -
K13DJ - DELETE -
K13DJ.A - DELETE -
Option Code SR Section 162 (r ) - FDIC premiums NEW -

GoSystem Tax® RS

Tax Entity New Code Description Change Old Code
Corporation C13A Foreign-source portion of dividends 10% owned NEW -
C14A Other dividends from foreign corporations LINE CHANGE C13
C15C Section 965(a) inclusion NEW -
C16AA Subpart F from the sale by CFC NEW -
C16BA Subpart F from hybrid dividends of tiered corporations NEW -
C16CA Income from controlled foreign corporations under subpart F LINE CHANGE C14
C17A Global intangible Low-Taxed Income NEW -
C18A Foreign dividend gross-up LINE CHANGE C15
C19A IC-DISC and former DISC dividends not included (Sec.246d) LINE CHANGE C16
C20 Other Dividends LINE CHANGE C17
M3337A Sec 162r - FDIC prems-Book NEW -
M3337B Sec 162r - FDIC prems-Temp NEW -
M3337C Sec 162r - FDIC prems-Perm NEW -
M3338A Oth.expense items w. diffs-Book LINE CHANGE M3337A
M3338B Oth.expense items w. diffs-Temp LINE CHANGE M3337B
M3338C Oth.expense items w. diffs-Perm LINE CHANGE M3337C

UltraTax® CS

Tax Entity New Code Description Change Old Code
Corporation 1125A05.C Meals subject to 50% limit DESC -
26.E Meals subject to 50% limit DESC -
430B Meals subject to 50% limit DESC -
C01 Dividends domestic 50% deduct DESC -
C02 Dividends domestic 65% deduct DESC -
C04 Preferred stk pub util 23.3% DESC -
C05 Preferred stk pub util 26.7% DESC -
C06 Dividends foreign 50% deduct DESC -
C07 Dividends foreign 65% deduct DESC -
C13A Foreign Src div from 10% owned NEW -
C14A Other Foreign Corp. Dividends LINE CHANGE C13
C16CA Inc Control Foreign Corps/SubF LINE CHANGE C14
C17A Global Intangible Low-Taxed Inc NEW -
C18A Foreign Dividend Gross-up LINE CHANGE C15
C19A IC-DISC/Form DISC Div not Abv LINE CHANGE C16
C20 Other Dividends LINE CHANGE C17
C22C Section 250 Deduction NEW -
C24B Meals subject to 50% limit NEW -
F32C Meals subject to 50% limit DESC -
M103C Nondeductible entertainment NEW -
M3204B Foreign taxes deemed paid T DESC -
M3204C Foreign taxes deemed paid P DESC -
M3311A Meals subject to 50% limit DESC -
M3311B Meals subject to 50% limit T DESC -
M3311C Meals subject to 50% limit P DESC -
M3337A Sec 162(r) FDIC premiums NEW -
M3337B Sec 162(r) FDIC premiums T NEW -
M3337C Sec 162(r) FDIC premiums P NEW -
M3338A Other exp items w/ differences LINE CHANGE M3337A
M3338B Other exp items w/ differences T LINE CHANGE M3337B
M3338C Other exp items w/ differences P LINE CHANGE M3337C
S Corporation 1125A05.F Meals subject to 50% limit DESC -
19.E Meals subject to 50% limit DESC -
430B Meals subject to 50% limit DESC -
F32C Meals subject to 50% limit DESC -
K05B Qualified dividends DELETE -
K12AA Cash contributions (60%) DESC -
K12DJ Deduct - portfolio (2% floor) DELETE -
L24.D Retained earnings -timing diff NEW -
M103.L Nondeductible entertainment NEW -
M3308A Meals subject to 50% limit DESC -
M3308B Meals subject to 50% limit T DESC -
M3308C Meals subject to 50% limit P DESC -
Partnership 20.E Meals subject to 50% limit DESC -
430C Meals subject to 50% limit DESC -
F32C Meals subject to 50% limit DESC -
K13AA Cash contributions (60%) DESC -
K13DJ Portfolio ded subj to 2% floor DELETE -
K13DK.A Portfolio ded - guaranteed pay DELETE -
K13DV.D OD-Health ins considered GPs DELETE -
K13DX OD-Pensions/IRAs considered GP DELETE -
M104.J Nondeductible Entertainment NEW -
M104.I Nondeductible exp subj. to 2% NEW -
M3306A Meals subject to 50% limit DESC -
M3306A.A Entertainment NEW -
M3306B Meals subject to 50% limit DESC -
M3306B.A Entertainment T NEW -
M3306C Meals subject to 50% limit DESC -
M3306C.A Entertainment P NEW -
M3330A.A Nondeductible exp subj. to 2% NEW -
M3330B.A Nondeductible exp subj to 2% T NEW -
M3330C.A Nondeductible exp subj to 2% P NEW -

Lacerte® Tax

Tax Entity New Code Description Change Old Code
Corporation C13A Foreign Src div from 10% owned NEW -
C14A Other Foreign Corp. Dividends LINE CHANGE C13
C15C SECTION 965 NEW -
C16AA SubF incl derived from sale NEW -
C16BA SubF incl derived from hybrid div NEW -
C16CA Inc Control Foreign Corps/SubF LINE CHANGE C14
C17A Global Intangible Low-Taxed Inc NEW -
C18A Foreign Dividend Gross-up LINE CHANGE C15
C19A IC-DISC/Form DISC Div not Abv LINE CHANGE C16
C20 Other Dividends LINE CHANGE C17
C21C Div Pd Certn Pref Stk Pub Util LINE CHANGE C18
C22C Section 250 Deduction NEW -
M103C Entertainment (nondeductible) NEW -
M3337A Sec 162r - FDIC prems-Book NEW -
M3337B Sec 162r - FDIC prems-Temp NEW -
M3337C Sec 162r - FDIC prems-Perm NEW -
M3337D Sec 162r - FDIC prems-Tax NEW -
M3338A Oth.expense items w. diffs-Book LINE CHANGE M3337A
M3338B Oth.expense items w. diffs-Temp LINE CHANGE M3337B
M3338C Oth.expense items w. diffs-Perm LINE CHANGE M3337C
M3338D Oth.expense items w. diffs-Tax LINE CHANGE M3337D
S Corporation M103.L Entertainment (nondeductible) NEW -
M207E Beginning balance-Accum Earn and Prof NEW -
M207F Dividend distributions-Accum Earn and Prof NEW -
Partnership K13AA Cash Charitable Contributions (60%) DESC -
K13AI Sch K: Contributions (100%) NEW -
M104.J Entertainment (nondeductible) NEW -