Importing IRS Transmittals
File Import IRSTAX File
An IRS transmittal is a file of Information Returns that conforms with IRS Pub. 1220. Account Ability uses the terms IRSTAX and IRS transmittal synonymously.
To import an IRS transmittal,
Account Ability will search the transmittal for all returns associated with the selected client. If none are found, an appropriate error message will be displayed. Otherwise, the IRSTAX Import Options dialog is displayed,
IRSTAX Import Options
Total "A" Records
Indicates the number of times this client occurs within the selected transmittal file.
Total "B" Records
Indicates the total returns to be imported.
Include payment amount information
If checked, payment amount information will be imported with each recipient. Otherwise, only names, addresses, and taxpayer identification numbers are imported.