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Screens

Screen PAEst - Pennsylvania Estimates (1040)

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Overview

Use this screen to complete portions of Form PA-40ES, Individual Declaration of Estimated Personal Income Tax, PA-40 and the Pennsylvania Estimated Tax Payments Worksheet. If the information transferred from UltraTax/1040 doesn't require additional data or coding, UltraTax/1040-PA shows it on the form only, not in the input screen.
Enter state payments for the tax year in the federal St Pmt screen so the amounts transfer to federal Schedule A. If you enter payments for this state in more than 1 of the units provided in the St Pmt screen, be sure to use the same fields for each unit. For example, if you use the
Enter total, or
 field in one unit, use the
Enter total, or
 field for all units that pertain to Pennsylvania. Similarly, if you use the
1st - 5th
 fields, enter amounts in the payment fields for all units used for Pennsylvania.
note
Always use separate federal St Pmt screens for taxpayer and spouse and enter the Pennsylvania estimates made by each.
note
Payments of $15,000 or more must be paid electronically. This applies to balance due on returns, Estimates and Extensions. Use the PABank screen to setup an Electronic Funds Withdrawal (EFW) or pay on line at mypath.pa.gov.

Overpayment Application

Use this section to apply any overpayment to 's estimated tax payment.
note
Spouse fields in this section are only used for split returns.
Application of overpayment
The code options available in this field are the same as those in UltraTax/1040. They instruct UltraTax CS how to apply any overpayment. Your decision affects what is printed on the return and the calculation of 's estimated tax payments.
New clients and converted clients may benefit from global options. See
Setup
,
1040 Individual
, then the
Pennsylvania
 tab. Select
New Client Options
 and enter the code, or codes 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 overwritten 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.

Estimates - Calculated

To calculate the estimated tax liability and required payments for , enter
2
 through
8
 in the
Application of overpayment
 field or make an entry in the
Estimates - declaration for
field. Electronic funds withdrawal is available for estimated tax payments only when filing electronically.
To set up electronic funds withdrawal for estimates, enter all applicable information on the PABank screen (in the General folder), in the PA input screens. Note that once the electronic return is transmitted, an electronic funds withdrawal request can't be added, modified or cancelled via UltraTax CS.
note
Spouse
 fields in this section are only used for split returns.
Estimates - declaration for
The codes used in this field are the same as those in UltraTax/1040. They tell UltraTax CS which method to use to determine the amount of 's estimated tax.
If you enter
2
 through
8
 in the
Application of overpayment
 field, UltraTax CS defaults to option
1
 in the
Estimates - declaration for
field. If both of these fields are blank, UltraTax CS doesn't generate estimate coupons or filing instruction information.
Withholding adjustment
Enter an amount in this field to adjust the Pennsylvania withholding amount to be used in the calculation for next year's estimates.
Amounts for code 5 or 9
If you enter code
5
 in the
Estimates - declaration for
field, enter the desired quarterly payments in these fields. These amounts are adjusted by the overpayment applied, if applicable, and print on the vouchers.
If you enter code
9
 in the
Estimates - declaration for
field, enter the desired quarterly payments in these fields. These amounts aren't adjusted by the overpayment applied.
Amounts for estimates paid
If you enter code
1
,
2
,
3
,
6
, or
8
 in the
Estimates - declaration for
field, enter any amount that has already been paid with each estimated tax voucher in the corresponding field. UltraTax CS subtracts these amounts, plus any overpayment applied, from the quarterly gross estimated tax liability to determine the net voucher amounts.
To indicate an estimate already paid when using code
5
 or
9
, enter the amount in the
Amounts for Estimates paid
 column only.
note
To print the paid amounts on the Estimate filing instructions, select
Setup
,
1040 Individual
,
Other Return Options
, then
Client Documents
 and mark
Print Paid next to payments indicated as paid on Screen Est
.
Tax projection options for code 8
If you enter code
8,
 Use tax from Tax Projection Worksheet, in the
Estimates - declaration for
field, choose an option in this field to customize the tax used to calculate next year's estimates. UltraTax CS automatically adjusts the projected tax liability based on the option choose. To produce a specific refund amount, enter that amount in the
Amount of refund desired
 field.
Do not proforma declaration code, use codes 1 or 3 for estimates
Enter
1
 to proforma
Estimate declaration for
code
1
, or enter
3
 to proforma
Estimate declaration for
code
3
 for next year.
Number of vouchers desired
The number of estimate coupons defaults to
4
. Enter a code in this field to specify fewer than 4 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.
Treat 4th quarter estimate as due on 12/31/
Use this field to indicate in the filing instructions that the 4th quarter estimate is due by 12/31. A global default is available for all new clients for all state returns. To select this option, select
Setup
,
1040 Individual
, the
Federal
 tab, then
New Client Options
 and mark the
Treat the 4th quarter state estimate as due on December 31 st
 checkbox.

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