Refer to the IRS instructions to determine if the corporation qualifies for the small corporation exemption.
If the corporation qualifies for the small corporation exemption, select the check box at the top of this form, and the form will not be included in the return.
If the corporation does not qualify for the exemption, complete the remainder of the form.
Based on the information in the return, most lines are calculated for you. You should review all lines for possible additions and for any other entries you may wish to override.
From line 4a, you can link to the Adjusted Current Earnings (ACE) Worksheet. The result from that worksheet will calculate to this line.
You must enter an amount on line 4d, even if line 4b is positive.
This information applies to all years of the UltimateTax software.