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Screen ALLLCExt - Alabama Business Privilege Tax - Extension (1040)

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Overview

Use this screen to provide additional information needed to complete the extension.

Extension

Use this section to calculate the extension payment voucher and extend the due date of Form PPT.
Calculate extension
Enter
X
 for UltraTax CS to calculate the 6-month extension. To print the extension, select
File
, then
Print Extensions
.
note
  • UltraTax CS also enters the due date in
    Extended due date
    .
  • UltraTax CS automatically enters
    X
     if you enter an amount in
    Balance due on extension (Force)
    .
Paying electronically
Enter
X
 to select EFT payments for the extension.
Extended due date
If an extension is printed by selecting
File
, then
Print Extensions
, or an entry is made in
Calculate extension
, the extended due date automatically appears in this field. Otherwise, the date manually entered in this field is used as the extended due date in the filing instructions and when calculating late filing penalties.
Extension payment actually made; reportable on main return
Each time you print the extension (via
File
, then
Print Extensions
), UltraTax CS does the following:
  • calculates the extension payment amount and enters the amount in this field, and
  • prints this amount on the main return, not on the extension.
Alternatively, you can overrule the calculated amount by entering the amount actually paid with the current-year extension in this field. UltraTax CS then displays the new amount in black.
note
  • To delete the overruled amount and restore the original calculated amount, right-click the field and select
    Delete overrule
    .
  • To verify the accuracy of the overruled amount, right-click the field and select
    Acknowledge overruled data
    . UltraTax CS then turns off the acknowledge functionality from the right-click menu. To restore the original amount later, you'll need to manually enter the amount.
  • You can set a user preference to mark fields for which you overruled the calculated amounts and to list all overruled amounts in the
    Diagnostics
     window.
Balance due on extension (Force)
If you enter an amount here, UltraTax CS calculates the amount of total tax using the estimated payments and withholding entered, marks
Calculate extension
, completes
Extended due date
, and transfers the amount that you enter in
Extension payment actually made; reportable on main return
.
Additional payment
Enter the payment amount and the date of payment. This information is used in the calculation of late filing payment penalties and interest.

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