Before filing certain forms, if applicable, you must first reconcile them in the corresponding reconciliation form.
The informational forms that need to be reconciled and their respective reconciliation forms are:
- 480.6C in 480.30
- 480.6SP in 480.6SP-2
- 480.6B in 480.6B-1
- 480.7C in 480.7C-1
- 480.7B in 480.7B-1
To reconcile forms in the program, follow the steps below.
After transferring to the annual forms:
1. Select the reconciliation form and press View Forms.
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While on the form, press Import.
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Press Save and Exit.
4. Proceed to file the form.
NOTE: If you make any adjustments to the amounts after reconciling, you will need to repeat the process to update the data.
For a manual on how to file 480 forms, click here.