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Screen ALPen - Alabama Penalties and Interest (1040)

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Overview

Use this screen to calculate penalties and interest.

General Information

Use this section to calculate late-filing penalties and interest.
Date return filed
If the date entered here is later than the return due date, UltraTax CS automatically calculates the penalty for failure to pay, the penalty for failure to file, and the interest on the underpayment. If you leave this field blank, the field defaults to the due date (original or extended) of the return.
Suppress penalties on return
To suppress specific penalties, select the field of the penalty.

Underpayment of Estimated Tax

Use this section to indicate that estimated tax penalties are not required.
Withholding: 1st - 3rd quarter
If you want to have Alabama withholding credited as actually withheld, enter the amount of state income tax withheld from all sources for each quarter. The amounts entered here transfer to Form 2210 and marks Page 1, Part II, box D on the form.
Joint return for either current year or prior year, but not both
Enter
X
 if the taxpayer and spouse filed a joint return last year or this year, but not both years. If you mark this field, UltraTax CS marks Page 1, Part II, box E of the Form 2210AL.

Annualized Income Installment Method

Use this section to calculate penalties using the annualized income method.

Waiver of Underpayment Penalty

Use this section to request a waiver of penalty amounts.
Explanation of waiver request
Use the statement window to enter an explanation if the taxpayer is requesting a waiver of the underpayment penalty. An entry in this field is mandatory when a request to waive an amount is made.
Amount
UltraTax CS displays the amount entered in this field and the text "Waiver" on the Underpayment of Estimated Tax by Individuals form. UltraTax CS subtracts this amount from the penalty calculation and transfers the difference to the tax return. There should be an entry in
Explanation of waiver request
 for this field to be included in the form calculation.

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