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Screen ORSPEst - Multnomah and Portland Business - Estimates (1040)

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Overview

Use this screen to complete Form SP-
2025
; the SP Estimated Tax Payments Worksheet; and Form BZT-V (estimates).

Overpayment Application

Use this section to apply any current-year overpayment of tax to next year's estimated tax payments.
Application of
2025
 overpayment
These code options are the same as those in the federal screen. They instruct UltraTax CS on how you want to apply any current year overpayment. Your decision affects what is printed on the return and the calculation of next year's estimated tax payments.
note
Due to form changes, it is no longer necessary to apply a refund from one jurisdiction to the other. The total refund on the return is used to limit the amount to apply to next year.

Estimates - Calculated

To have UltraTax CS calculate next year's estimated tax liability and required payments, enter a number from
2
 through
9
 in the
Application of
2025
 overpayment
 field in the Overpayment Application section, or make an entry in the
Estimates - declaration for
2026
 field.
Beginning in 2020, one set of estimates is required that include the prepayment for both Multnomah and Portland based on the combined tax.
Estimates - declaration for
2026
These codes are the same as those in UltraTax/1040. They tell UltraTax CS which method to use to determine the amount of next year's estimated tax. If you enter
2
 through
9
 in the
Application of
2025
 overpayment
 field in the Overpayment Application section and did not mark the
Do not calculate estimates for code 8 or 9
 field, UltraTax CS defaults to option 1 in the
Estimates - declaration for
2026
 field. If both of these fields are blank, UltraTax CS does
not
 generate estimate coupons and/or filing instruction information.
Amounts for code 5, 9 or
2025
 estimates paid
These fields serve two purposes: specifying the estimate amounts for each quarter, or entering any estimate payments already made toward the next year.
If you enter code
5
 in the
Estimates - declaration for
2026
 field, enter the desired quarterly payments. These amounts are adjusted by the overpayment applied, if applicable, and are printed on the vouchers.
If you enter code
9
 in the
Estimates - declaration for
2026
 field, enter the desired quarterly payments. These amounts are not adjusted by the overpayment applied.
If you enter code
1
,
2
,
3
, or
6
, in the
Estimates - declaration for
2026
 field, enter the amount paid with each estimated tax voucher. These amounts and the overpayment applied subtracts from the calculated quarterly gross estimated tax liability to determine the net voucher amounts.
Number of
2026
 vouchers desired
The number of estimate vouchers defaults to
4.
 Enter a code to specify fewer than four vouchers. The overpayment and amounts already paid toward next year's estimates are applied to each voucher based on the overpayment code and the quarter in which the amounts were paid.
Amount to round up each estimate
This field allows you to enter rounding specifications for the estimated payments. The estimated payments can be rounded up to the nearest factor indicated. For example, to round up each estimated payment to the nearest $10, enter
10
. If this field is blank, UltraTax CS automatically rounds each estimated payment up to the next dollar.

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