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Screen 8752 - Required Payment or Refund (1065)

Payment or Refund Information

Enter
X
 if the tax year is the partnership's first tax year. If you enter
X
, the application skips lines 1 through 10 and enters 0 (zero) for Form 8752, line 11, Required payment due.
Enter
X
 if the partnership is requesting a full refund if either the IRC section 444 election was terminated or the partnership was terminated. If you enter
X
, only Form 8752, lines 10 through 12 completes.
Enter the tax year-end of the base year ending in
2024
. This field is mandatory.
If the base year (tax year preceding the election year) was a short year, enter the number of months in that year. Use
Number of months in short base year
,
Net income for base year
, and
Payments made during base year
 to increase the base year net income as projected for a full 12 months. If you leave this field blank, the application assumes the prior tax year was a full 12 months and uses the base year net income entered in
Net income for base year
 for Form 8752, line 1.
Enter the net income for the base year for Form 8752, line 1. If you leave
Number of months in short base year
 blank, the application transfers this amount directly to Form 8752. Otherwise, Use
Number of months in short base year
,
Net income for base year
, and
Payments made during base year
 to increase the base year net income as projected for a full 12 months.
Enter
X
 if the required payment for any prior tax year was more than $500. If you enter
X
 or if the current-year required payment is more than $500, the application uses the current-year required payment in determining either the required payment due or the refund of net prior-year payments.
Enter the excess required payments made over refunds received for all prior years. If this amount is greater than zero, the amount transfers to Form 8752.
Enter
X
 if amending Form 8752. If you enter
X
, "Amended Return" prints at the top of Form 8752.
Enter the date the business purpose request was denied. The application doesn't use this date on Form 8752 but does use this date to determine the due date in the filing instructions for Form 8752.
The application automatically determines the service center to which Form 8752 should be mailed based on the partnership address entered in the
1065
 screen. Enter information in this field only to override the calculated service center.
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