Skip to main content

Solutions

Products

Recommended products

Questions? We are here to help.
Contact us

Purchase

Questions? We are here to help.

Resources

Screens

Screen ALExt - Alabama Extension (1040)

Show all hidden content

Overview

Use this screen to complete Form 40V. If information transferred from UltraTax/1040 doesn't require additional data or coding, UltraTax/1040-AL shows the information on the form only, not in the input screen.

Extension Information

Use this section to calculate an extension and extend the due date of the return. UltraTax CS uses this information to complete Form 40, Page 1, as well as to calculate the extension.
Calculate extension
Enter
X
 for UltraTax CS to calculate the six month extension on Form 4868A. To print the extension, select
File
, then
Print Extensions
. UltraTax CS also enters the due date in
Extended due date
.
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 the payment. This information is used in the calculation of late filing payment penalties and interest.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close