Extend 1040 returns

Prepare 1040 extensions

Do the following for each 1040 return you want to put on extension.
  1. Open the return you want to extend. If the client doesn't exist in the current-year, proforma the client from last year or add a new client.
  2. Open the
    Ext
    screen, in the Payments folder.
  3. Choose
    4868
    or
    2350
    from the
    Calculate extension
    dropdown list.
  4. If you're preparing Form 2350, enter the following information:
    1. Extended due date
    2. Date First arrived in the foreign country
    3. Date qualifying period begins
    4. Date qualifying period ends
    5. Foreign address
  5. Calculate the amount due on extension using one of 2 ways:
    • Enter preliminary data to have UltraTax CS calculate an estimate of tax liability and balance due, or
    • Use
      Estimate of total tax liability (Force)
      and
      Balance due on extension (Force)
      on the Ext screen to force amounts.
  6. If you want to include estimated tax penalties in the balance due:
    1. Select
      Setup
      , then
      1040 Individual
      .
    2. On the
      Federal
      tab, select
      Extensions
      .
    3. Mark the
      Include the projected estimated tax penalty in the balance due on extension
      checkbox.

This article applies to:

  • Product: UltraTax CS
  • Return type: 1040 Individual
  • Subject: Extensions