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Screen MOKC108 - Kansas City Profits Return General Information (1040)

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Overview

Use this screen to complete Form RD-111 and portions of Form RD-108. A unit of this screen is automatically created when you enter information in UltraTax/1040 in the C, Rent, F, 4835, or K1 screens with the city code
KSC
.
note
To calculate Form RD-108, federal information needs to be present.
One Form RD-108 calculates all income for each taxpayer or spouse with Kansas City income. Form RD-108B includes all business income from all activities when all activities are 100 percent inside Kansas City. When the income from any one unit of a federal Schedule C, F, 4835, or E is partially allocated outside of Kansas City, a separate Form RD-108B is calculated for all activities using the allocation data for each activity.
To enable electronic filing, when more than one Form RD-108B is included in a return, the income from the first unit transfers to Form 108, line 4 and the form is included in the electronic file. All subsequent versions of Form RD-108B transfer income to Form 108, line 5 and you need to attach this as a PDF to the electronic file. A diagnostic message displays when this is required.

General Information

Kansas City account ID
Enter the account identification that Kansas City assigned to the taxpayer or spouse operating business activities in Kansas City. One Form RD-108 with all income coded to KSC is calculated for the taxpayer or spouse.
EIN
A taxpayer may file using either their EIN or SSN. It's important to consistently file under the same tax ID number from year to year. If you don't use the same tax ID number, this will create additional tax accounts with the City and can result in billing issues.
Nonresident entity
Use this field to indicate that this is a nonresident business that derives income from business within the city. Use the Allocation section on the KCC screen to allocate property, wages, and gross receipts between Everywhere and within Kansas City.

Other Income

Income from pass-through entities
All federal income from each partnership entered in the federal K1 screen transfers to this statement window. You can adjust amounts as needed on a per unit basis. The amounts you enter here are reported on Form RD-108, line 5.

Other City Credit

Use this section to enter profits tax paid to other cities.

Penalty and Overpayment Application

Date return filed (If different than due date of return)
If you enter a date in this field that's later than the return due date, UltraTax CS automatically calculates the penalty for the failure to pay and the interest on the underpayment. If this field is blank, UltraTax CS defaults to the due date of the return.
overpayment applied
Enter the amount of prior year overpayment applied to the current year if it didn't proforma from a prior year return.
Application of overpayment
The code options available in this field instruct UltraTax CS how to apply any current-year overpayment. Your decision affects what prints on Page 1 of the return and proformas to next year.

Extension

To electronically file Form RD-111 Extension - Profits Return:
  • Enter the extension amount in
    Balance due on extension (Force)
  • Go to File, then Print Extensions, select Create electronic file, then E-File. The city extension electronic file is generated, in addition to any other Missouri extension.
To remit the extension payment electronically, go to the KCPBnk - Extension Payment Electronic Funds Withdrawal screen and:
  • Select
    X
    to Enable electronic funds withdrawal
  • Review or add bank account information in the fields provided under Account Information fields
Note: If electronic funds withdrawal is not desired, the extension payment voucher will print automatically if electronic funds withdrawal is not enabled on screen KCPBnk.
Calculate extension
UltraTax CS automatically enters
X
 if you enter an amount in the
Balance due on extension (Force)
 field. UltraTax CS also enters the applicable due date in the
Extended due date
 field.
Extended due date (For transmittal letter, filing instructions and penalty, interest calculation)
If you used the Extension utility or entered
X
 in the
Calculate extension
 field, an extended due date automatically appears in this field. Otherwise, enter the date to be used as the extended due date in the calculation of late-filing penalties and in the filing instructions.
Extension payment actually made; reportable on main return
If you parepared an extension using the Extension utility and there is an
X
 in the
Calculate extension
 field, UltraTax CS automatically transfers the balance due on the extension to this field. If you aren't printing the extension, enter the amount actually paid with the city extension.
Balance due on extension (Force)
If you enter an amount in this field, UltraTax CS selects 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. UltraTax CS calculates the amount of total tax using the income, withholding, and payments entered in the return.

This article applies to:

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

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