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Screen MIExt - Michigan Extension (1040)

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Overview

Use this screen to complete Form 4 - Application for Extension of Time to File. If information transferred from UltraTax/1040 does not require additional data or coding, UltraTax/1040-MI shows it on the form only, not in the input screen.

Extension Information

Use this section to calculate the extension form and extend the due date of the return.
Calculate extension
Enter
X
 if you want UltraTax CS to calculate the extension, Form 4. 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 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.
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 here, 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 the Form 4.
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 the
Calculate extension
 field, completes the
Extended due date
 field, and transfers the amount that you enter in the
Extension payment actually made; reportable on main return
 field.
Use preparer's address for correspondence instead of client's address
Enter
X
 to use the firm name and address as the mailing address on Form 4. If you leave this field blank, the taxpayer's name and address are used for the mailing address.
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, if applicable.

Payments

Use this section to enter extension payments as well as additional withholding not entered elsewhere. UltraTax CS uses this information to complete Form MI-1040, Page 2, and calculations for Form MI-2210.
Credit for repayment of income reported in a prior year
Enter the amount of the credit for a repayment of income reported in a prior year in this statement dialog. The amount of the credit is added to any tax withheld on Form MI-1040. A submittable statement prints with the return, indicating the amounts of Michigan tax withheld and claim of right / repayment included on Form MI-1040.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual
  • State: Michigan

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