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Screen IDPmt - Idaho Payments, Extension, Penalties and Interest (1065)

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Payments/Overpayments

Amount paid with Form 41ES extension
Enter the amount that was actually paid with Form 41ES. This amount is added to the
Quarterly estimated tax payments and tentative payments
,
Estimated tax payments made under other EIN(s)
, and
Prior year overpayment
 boxes and transferred to Form 65, Page 2, line 55. UltraTax CS automatically displays the amount of payment for Form 41ES in this box if the extension is printed by choosing File, then Print Extensions, or if an amount is entered in
Balance due on Form 41ES (Force)
.
Application of current year overpayment / Amount for code #3
These code options instruct UltraTax CS how to apply any current-year overpayment for Form 65. To enter the application of current-year overpayment one time for all new clients, select Setup, then 1065 Partnership. In the Idaho tab, select New Client Options.

Extension

Calculate extension payment
Select
1
 or
2
 to calculate the extension using 100 or 80 percent of the current year tax liability on Form 41ES. Select
3
 to calculate the extension using 100 percent of the prior year tax liability on Form 41ES. If this box is blank, the extension is calculated using 100 percent of the current-year liability. In accordance with the State of Idaho, extensions are granted if 80 percent of the current tax liability or 100 percent of the prior year tax liability was paid with the extension; however, interest is assessed on the remaining balance due.
To print Form 41ES, select File, then Print Extensions.
note
UltraTax CS also enters the due date in
Extended due date
.
Extended due date
When an extension is printed by choosing File, then Print Extensions, or by entering
1
,
2
 or
3
in
Calculate extension payment
, the extended due date automatically appears in this box. The extended due date is also reflected in the filing instructions.
Estimated tax liability (Force)
If you enter an amount here, UltraTax CS enters this amount on Form 41ES as Estimated income tax due this year less estimated income tax credits, enters
1
in
Calculate extension
, and completes
Extended due date
.
Balance due on Form 41ES (Force)
UltraTax CS displays the amount entered here on Form 41ES as balance due, enters
1
 in
Calculate extension payment
, completes
Extended due date
, and displays the amount in
Amount paid with Form 41ES extension
.

Penalties and Interest

Date return filed
UltraTax CS calculates penalties and interest if the date entered is later than the original due date of the return or the extended due date. If blank, this box defaults to the calculated due date of the return.
Suppress penalties on return: Late interest
Enter
X
to suppress the late payment interest on the return. UltraTax CS prints the ID Late Filing Interest and Penalty Worksheet if this box is blank and late interest is due. The ID Late Filing Interest and Penalty Worksheet also prints if the
Failure to file
 -
partner penalty
,
Failure to file
,
Extension penalty
, or
Failure to pay
 boxes are blank and a failure to pay, failure to file, or extension penalty exists.
Suppress penalties on return: Failure to file - partner penalty
Enter
X
to suppress the failure to file - partner penalty on the return. UltraTax CS prints the ID Late Filing Interest and Penalty Worksheet if this box is blank and the failure to file - partner penalty is due. The ID Late Filing Interest and Penalty Worksheet also prints if the
Late interest
,
Failure to file
,
Extension penalty
, or
Failure to pay
 boxes are blank and late payment interest, failure to file penalty, or extension penalty exists.
Suppress penalties on return: Failure to file
Enter
X
to suppress the failure to file penalty on the return. UltraTax CS prints the ID Late Filing Interest and Penalty Worksheet if this box is blank and the failure to file penalty is due. The ID Late Filing Interest and Penalty Worksheet also prints if the
Late interest
,
Failure to file - partner penalty
,
Extension penalty
, or
Failure to pay
 boxes are blank and late payment interest, failure to file - partner penalty, or extension penalty exists.
Suppress penalties on return: Extension penalty
Enter
X
to suppress the extension penalty on the return. UltraTax CS prints the ID Late Filing Interest and Penalty Worksheet if this box is blank and the extension underpayment penalty is due. The ID Late Filing Interest and Penalty Worksheet also prints if the
Late interest
,
Failure to file - partner penalty
,
Failure to file
, or
Failure to pay
 boxes are blank and late payment interest, failure to file - partner penalty, failure to file, or failure to pay penalty exists.
Suppress penalties on return: Failure to pay
Enter
X
to suppress the failure to pay penalty on the return. UltraTax CS prints the ID Late Filing Interest and Penalty Worksheet if this box is blank and the failure to pay penalty is due. The ID Late Filing Interest and Penalty Worksheet also prints if the
Late interest
,
Failure to file - partner penalty
,
Failure to file
, or
Extension penalty
 boxes are blank and late payment interest, failure to file - partner penalty, or extension penalty exists.

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