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Screen NJExt - New Jersey Extension (1040)

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Overview

Use this screen to complete Form NJ-630. If information transferred from UltraTax/1040 doesn't require additional data or coding, UltraTax/1040-NJ shows it on the form only, not in the input screen.
note
New Jersey requires electronically filed extensions to include direct debit of the amount due. Direct debit can be enabled in the NJBank screen in the section for Extension Payment Electronic Funds Withdrawal.

Extension Information

Use this section to calculate an extension and extend the due date of the return.
Calculate extension
Enter
X
 if you want UltraTax CS to calculate the extension. To print the extension, select
File
, then
Print Extensions
. UltraTax CS also enters the applicable due date in the
Extended due date
 field.
Electronic filing indicator New Jersey extension filed
New Jersey has an indicator in the e-file to indicate that an extension was filed. Mark this checkbox to file the indicator. No indication is required on paper filed returns and there's no place on the return to indicate that an extension has been filed.
Extended due date
If an extension is printed by selecting
File
, 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
File
,
Print Extensions
), UltraTax CS:
  • Calculates the extension payment amount and enters it 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.
  • To delete the overruled amount and restore the original calculated amount, right-click the field and select
    Delete overrule
    .
  • To confirm the accuracy of the overruled amount, right-click the field and select
    Acknowledge overruled data
    . UltraTax CS then disables the acknowledge functionality from the right-click menu. To restore the original amount later, you'll need to enter it manually.
  • 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.
Balance due on extension (Force)
If you enter an amount in this field, 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.
On-line federal extension confirmation number
Enter the extension confirmation number received when the taxpayers filed for a federal extension online with the Internal Revenue Service.
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.

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