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Screen AZExt - Arizona Extension and Payments (1040)

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Overview

Use this screen to complete Form 204. If you filed, or are filing, a federal extension, Arizona grants an automatic six-month extension when there is no tax due. If you did not file a federal extension, or are expected to owe tax, submit Arizona Form 204.
Electronic funds withdrawal is available when electronically filing the extension. To have the extension payment withdrawn electronically, mark the
Enable electronic funds withdrawal for extension payment
 on the AZBank Screen, located in the General folder.

General Information

Calculate extension
Enter
X
 to calculate the extension based on the current data entry. To print the extension, choose File and then Print Extensions. UltraTax CS also enters the applicable due date in the
Extended due date
 field.
Extended due date
If an extension is printed by choosing File and then Print Extensions, or an entry is made in the
Calculate extension
 field, 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 the File and 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 choose Delete overrule.
  • To confirm the accuracy of the overruled amount, right-click the field and choose Acknowledge overruled data. UltraTax CS then disables the acknowledge functionality from the right-click menu. To restore the original amount later, you will need to manually enter the amount.
  • If desired, 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.
Estimate of total tax liability (Force)
If you enter an amount in this field, UltraTax CS enters
X
 in the
Calculate extension
 field, completes the
Extended due date
 field and uses the amount entered as the tax liability on Form 204, Application for Filing Extension.
Balance due on extension (Force)
If you enter an amount in this field, UltraTax CS calculates the amount of total tax using the estimated payments and withholding you have entered, marks the
Calculate extension
 field, completes the
Extended due date
 field, and transfers the amount to the
Extension payment actually made; reportable on main return
 field.
Percentage of payment enclosed if not 100%
Enter the percentage of the total extension payment due that the taxpayer plans to enclose with the extension request. Note that at least 90 percent of the tax liability must be paid by the original due date of the return in order to avoid an extension underpayment penalty. If you leave this field blank, UltraTax CS defaults to 100 percent of the balance due.
Additional payment
Enter the payment amount and the date of the payment. The amount paid is included as a payment on the return. When the date paid is after the original due date, the amount is not included as a payment in the calculation of an extension. The payment reduces the balance due for late interest and penalty calculations as of the date paid.

Payments

ARS 43-1029 claim of right credit
Enter the amount of the prior year tax reduction due to a repayment of a substantial amount held under a claim of right. UltraTax CS includes this amount in the payment section on Form 140, Form 140NR or Form 140PY. Form Claim of Right is required to be included with the return; the form is available in the Non Calc folder. For more information on Arizona's claim of right provisions, see Individual Income Tax Procedure ITP 95-1.

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