Screen MJCPen - Michigan Cities Penalties and Interest (1040)

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Overview

Use this screen to complete Form CF-2210.

Late filing penalty and interest

Use this section to enter information for the calculation of Form CF-22100penalties and late filing interest and penalties.
Penalty/Interest
Enter the amount due for penalty and interest. These amounts transfer to Form CF-1040. UltraTax CS doesn’t automatically calculate the penalty and interest for late filing.

Underpayment of penalties and interest

Use this section to enter the date return filed and to suppress penalties on CF-2210.
Date return filed
Use this field to enter a date other than the due date of the return.
Suppress penalties on Form CF-1040
Enter
1
to suppress the Form CF-2210. Enter
2
to print Form CF-2210, but suppress the penalty on Form CF-2210.

Underpayment of estimated tax

Use this section to enter data to calculate Form CF-2210, waive penalties, and override calculated values for payments, credits, and withholdings.
Prior year tax
Enter last year's tax. Note that UltraTax CS is not designed to calculate the Form CF-2210 penalty for a short-year client.
Explanation of waiver request/Explanation
Use this statement window to enter an explanation if the taxpayer is asking for a waiver of the underpayment penalty. An entry is mandatory when a request to waive an amount is made.
Tax payments and credits
Use these fields to enter a different amount than the calculated amount for each quarter.
Estimates as actually paid (Force):
Use these fields to enter a different amount than the calculated amount for each quarter.

Annualized income worksheet

Use this section to enter information for the Annualized Income Worksheet
Total income subject to tax
UltraTax CS automatically calculates the Annualized Income Installment Method on Form CF-2210, Page 3, if you enter an amount in one of these fields.

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