Screen OHPen - Ohio Penalties and Interest (1040)

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Overview

Use this screen to complete Form IT/SD2210. Individual income tax and school district income tax returns share the form.

Date Filed and Penalty Options

Use this section to enter information for the calculation of Form IT/SD2210 penalties and late-filing interest and penalties.
Date return filed
If the date entered is later than the return due date, UltraTax CS automatically calculates the penalty for failure to pay, the penalty for failure to file, and the interest on the underpayment. If you leave this field blank, UltraTax CS defaults to the due date (original or extended) of the return.
Suppress penalties on IT1040 and SD 100 return(s)
To suppress specific penalties, select the field. Penalty suppression applies to both the Individual Income Tax Return and the School District Income Tax Return. Select
1
to suppress Form IT2210 and SD2210 penalties on returns; select
2
to print forms IT2210 and SD 2210 and suppress penalties on returns.

Underpayment of Estimated Tax

tax
Enter the prior-year tax. Note that UltraTax CS isn't designed to calculate the Form IT/SD2210 penalty for a short-year client. If the client filed last year's Form IT1040 that reflected a period of 12 months but there was no tax liability, enter
0
(zero).
State withholding and refundable pass-through entity credit by quarter
If not paid evenly throughout the year, enter payments made by quarter. These aren't cumulative. Amounts entered here are used to complete Part II, line 3 of the form.

Waiver of Underpayment Penalty

Amount
UltraTax CS shows the amount entered in this field and the text Waiver on Form IT/SD2210. UltraTax CS subtracts this amount from the penalty calculation and transfers the difference to the tax return. An entry in
Explanation of waiver request
will need to be made for this field to be included in the form calculation.
Explanation of waiver request
Enter an explanation if the taxpayer is requesting a waiver of the underpayment penalty in the statement window. An entry in this field is mandatory when a request to waive an amount is made.

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