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Screen NHBEst - New Hampshire Business Estimates (1040)

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Overview

Use this screen to complete Form NH-1040-ES, Estimated Proprietorship Business Tax, Form BET, Form NH-1040, and the New Hampshire Estimated Tax Payments Worksheet. If the information transferred from UltraTax/1040 doesn't require additional data or coding, UltraTax/1040-NH shows it on the form only, not in the input screen.
Estimated state payments are entered in the
NHBExt
 screen and used for calculating Form BT-Summary.

Business Overpayment Application

Use this section to apply any overpayment to estimated tax payment.
Application of overpayment
These code options are the same as those in UltraTax/1040. They instruct UltraTax CS how to apply any overpayment. Your decision affects what's printed on the return and the calculation of 's estimated tax payments.
New clients and converted clients may benefit from global options. Go to
Setup
,
1040 Individual
,
NH
 tab. Select
New Client Options
 and enter the code(s) with which newly created and converted client returns calculate. These 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
Setup
 screen. These fields are proforma'd from year to year; therefore, only newly created and converted clients are affected by global options.
Don’t calculate estimates for code 7 or 8
Mark this checkbox when
Estimates - declaration for
is blank.

Business Estimates - Calculated

To calculate the estimated tax liability and required payments for , enter
2
 through
8
 in
Application of overpayment
 or make an entry in
Estimates - declaration for
.
Estimates - declaration for
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
 through
8
 in
Application of overpayment
, UltraTax CS defaults to option
1
 in
Estimates - declaration for
. If both of these fields are blank, UltraTax CS doesn't generate estimate coupons or filing instruction information.
Amounts for code 5, 9
If you enter code
5
 in
Estimates - declaration for
, enter the quarterly payments. These amounts are adjusted by the overpayment applied and print on the vouchers.
If you enter code
9
 in
Estimates - declaration for
, enter the quarterly payments. These amounts aren't adjusted by the overpayment applied.
Amounts for 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.
Number of vouchers desired
The number of estimate coupons defaults to
4
. Enter a code to specify fewer than four coupons. The overpayment and amounts paid toward 's estimates are applied to each coupon 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, if you want to round up each estimated payment to the nearest $10, enter
10
. If you leave this field blank, UltraTax CS automatically rounds each estimated payment up to the next dollar.

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