Set the defaults for form fields on each new file you create or carry forward:
We’re adding new options all the time. It’s always best to go to Options in TaxCycle and review what’s there as the list below may become out of date. If there’s something you think we should add, let us know.
T5, T5018 and NR4
If you have already carried forward your files to the current year, you can still change the default New File options. TaxCycle will display a review message, like the one below, letting you know when the choice in the field on the Info worksheet does not match the default you have set in options. Click the blue link in the message to quickly update the client file.
And, TaxCycle will automatically carry forward your choice to the next tax season.