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Screen MJHUDExt - Hudson Extension, Penalty and Interest (1040)

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Overview

Use this screen to complete the Hudson extension and to enter interest and penalties. If information transferred from UltraTax/1040 doesn’t need more data or coding, UltraTax/1040-MI Cities show the information on the form only, not in the input screen.

Extension information

Extended due date
Enter the due date of the return, which prints on the filing instructions. If this field is blank, the filing instructions use the original due date of the return as the return due date.
Extension payment actually made; reportable on main return
Each time you print the extension (via the
File
, then
Print Extensions
 option), 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.

Penalty and interest

Penalty/Interest
Enter the amount due for penalty and interest. These amounts transfer to Form HU-1040. UltraTax CS doesn’t automatically calculate the penalty and interest for late filing.

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