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Screen IDEst - Idaho Estimates (1040)

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Overview

Use this screen to complete Form 40 and the Idaho Estimated Tax Payments Worksheet. If information transferred from UltraTax/1040 doesn't require additional data or coding, UltraTax/1040-ID shows it on the form only, not in the input screen.
note
State payments are entered in the federal
St Pmt
 screen so the amounts transfer to federal Schedule A. If you enter payments for this state in more than one of the units provided in the federal
St Pmt
 screen, be sure to use the same fields for each unit. For example, if you use
Total
 in one unit, use
Total
 for all units that pertain to Idaho. Similarly, if you use the
1st-5th payment
 fields, enter amounts in the payment fields for all units used for Idaho.

Overpayment Application

Application of 2024 overpayment
These code options are the same as those in UltraTax/1040. They instruct UltraTax CS how to apply any current-year overpayment. Your decision affects what is printed on the return and the calculation of next year's estimated tax payments.
New clients and converted clients may benefit from global options. Go to
Setup
,
1040 Individual
, then
Idaho
 tab. Select
New Client Options
 and enter the code or codes with which newly created and converted client returns calculate. These input screen fields transfer the global choice to newly created and converted clients. The transferred codes may be changed in these fields if necessary without being replaced by the global choice made in the
New Client Options
 window. These fields are proforma'd from year to year, therefore, only newly created and converted clients are affected by global options.

Estimates - Calculated

To have UltraTax CS calculate next year's estimated tax liability and required payments, enter
2
,
4
,
5
,
7
, or
8
 in
Application of 2024 overpayment
, or make an entry in
Estimates - declaration for 2025
.
Estimates - declaration for 2025
These codes are the same as those in UltraTax/1040. They tell UltraTax CS which method to use to determine the amount of the next year's estimated tax.
If you enter
2
,
4
,
5
,
7
, or
8
 in
Application of 2024 overpayment
, UltraTax CS defaults to option
1
 in
Estimates - declaration for 2025
.
If you leave both of these fields blank, UltraTax CS
does not
 generate estimate vouchers or filing instruction information.
Amounts for code 5 or 9
If you enter code
5
 in
Estimates - declaration for 2025
, enter the quarterly payments in these fields. These amounts are adjusted by the overpayment applied and print on the vouchers.
If you enter code
9
 in
Estimates - declaration for 2025
, enter the quarterly payments in these fields. These amounts aren't adjusted by the overpayment applied.
Amounts for 2025 estimates paid
Enter any estimate payments already made toward the next year. These amounts and the applied overpayment subtract from the calculated quarterly gross estimated tax liability to determine the net voucher amounts.
Tax projection options for code 8
If you enter code
8
, Use tax from Tax Projection Worksheet, in
Estimates - declaration for 2025
, select an option to customize the tax used to calculate next year's estimates. UltraTax CS automatically adjusts the projected tax liability based on the option you select. To produce a specific refund amount, enter that amount in
Amount of refund desired
.
Number of 2025 vouchers desired
The number of estimate vouchers defaults to
4
. Enter a code to specify fewer than four vouchers. The overpayment and amounts already paid toward next year's estimates are applied to each voucher based on the overpayment code and the quarter in which the amounts were paid.
Amount to round up each estimate
This field lets you enter rounding specifications for the estimated payments. The estimated payments can be rounded up to the nearest factor indicated.
For example, to round up each estimated payment to the nearest $10, enter
10
. If this field is blank, UltraTax CS automatically rounds each estimated payment up to the next dollar.
Pay 2025 estimates using electronic funds transfer
Individual income tax filers can register to pay their balances, estimates, and extension payments using the Federal Reserve's Automated Clearing House (ACH) Debit or Credit online payment system. This option will need to be registered for in advance at https://idahotap.gentax.com/TAP/_/#1.
If selecting ACH Debit, the client will be linked to Idaho's service provider to begin the enrollment process. If selecting ACH Credit, fax the completed form to (208) 334-7625 or email the scanned form as an attachment to eft@tax.idaho.gov. The state will fax or email their Tax Payment Addenda Record when ACH credit is setup on their end.
The client will then take the Tax Payment Addenda Record to their bank and request ACH Credit setup. ACH Credit takes several days to process so if your client prefers this method of ACH Debit, allocate additional processing time between the state and the client's bank.
The client will receive instructions on how to go about making their electronic funds transfer payments if they elect to register for either ACH Debit or Credit. Contact the State Tax Commission at (208) 334-7660 in the Boise area, or call (800) 972-7660, if you have additional questions.
Entering
X
 prints a filing instruction paragraph advising the filer they’ll be paying their estimates online using the electronic funds transfer (EFT) method and that they should follow the instructions issued by the state for using EFT.
Treat 4th quarter estimate as due on 12/31/2025
Use this field to indicate in the filing instructions that the fourth quarter estimate is due by 12/31/2025. A global default is available for all new clients for all state returns. Select
Setup
,
1040 Individual
,
Federal
 tab,
New Client Options
, and enter
X
 in
Treat the 4th quarter state estimate as due on December 31st
.

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