I'm trying to figure out which options to select in Lacerte to get all of the filing instructions, refund/owe, etc. summarized on the cover letter page for Federal and all states. Any help would be greatly appreciated!
The cover letter has most everything you want. You can edit and customize, but as it is when installed should have most of what you want.
Settings > Client Letter will present you with the ability to edit the paragraphs of the letter. The process is clunky, but doable with patience.
Settings > Options > Items to print is where you lay out print order and what you want to include. e.g. Client Copy - I include worksheets and depreciation schedules. Government Copy I put invoice on top, followed federal and state estimates and the 8879 forms for e-file (or full return if mailing, but that is real rare)
I do not use Slip sheets. I have personally found them of little use, as the client letter contains everything. For the 1040 you can make entries in Screen 47 - Letter Misc 1 will make an opening statement on the client letter and Letter Misc 2 will make a closing statement. PRESS F1 to get
Add notes to a tax return
Click the Detail tab.
At the Contents tab, click the Notes screen.
Worksheet Notes print before the tax return in Supplemental Information.
Statement Notes print after the tax return in Supplemental Information.
Letter Misc 1 and 2 Notes print as opening and closing paragraphs on the Client Letter. The program assigns the text you type to the [MISC1] and [MISC2] keywords.
(1065, 1120S, 1041) Schedule K-1 Notes print as supplemental information for each partner's, shareholder's, or beneficiary's Schedule K-1. The program assigns the text you type to the [SCHK1] keyword for the Client Letter.
To edit an existing note, click the note in the list on the left.
Click the Spell Check button to check the spelling of the note.
If you add a note for Letter Misc 1 and Misc 2, you can format the font and alignment of the note text using the toolbar at the top of the note.
Use the font lists and the buttons on the toolbar to format the notes.
Thank you for these details but this is not what I was looking for, I understood how to do these items. What I was trying to figure out was how to force the system to summarize the information on the cover page versus a couple lines on the cover page with filing instructions behind it.
I figured it out, I have to put NO to filing instructions in the main options area in each module to get that full summary on the cover page to the client.