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Screen MEPmt - Maine Payments (1065)

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Payments

Treat calculated amounts as paid
If last year’s return was completed using UltraTax CS and estimates were calculated for the current year, UltraTax CS proformas the amounts into the
Calculated Amount
 boxes. If there hasn't been data entry for estimated payments, enter
X
 in
Treat calculated amounts as paid
 to move the calculated amounts into the
Amount Paid
 boxes.
1st - 5th payment: Amount Paid / Calculated Amount
Enter the total of all estimates made for the tax year in
Total, or
. To override how UltraTax CS applies the total, enter actual amounts of estimated tax in the
1st payment
 through
5th payment
 boxes. If you enter amounts in any of the individual payment boxes, UltraTax CS ignores the value in
Total, or
 for purposes of completing Form 941P-ME.
note
The fifth
Amount Paid
 box defaults to the 4th payment.
Paid with extension
Each time you print the extension (via File, then Print Extensions), UltraTax CS:
  • calculates the extension payment amount and enters it in this box, and
  • prints this amount on the main return, not on the extension.
Alternatively, you can overrule the calculated amount by entering the amount actually paid with the current-year extension in this box. UltraTax CS then displays the new amount in black.
note
  • To delete the overruled amount and restore the original calculated amount, right-click the box and select Delete overrule.
  • To confirm the accuracy of the overruled amount, right-click the box and select Acknowledge overruled data. UltraTax CS then turns off the acknowledge functionality from the right-click menu. To restore the original amount later, you'll need to enter it manually.
  • If desired, you can set a user preference to mark boxes for which you overruled the calculated amounts and to list all overruled amounts in the Diagnostics window.

Extension

Extended due date
This box is for filing instruction purposes only. Use this box to enter the extended due date for the return. The extended due date will also automatically appear in this box if you select File, then Print Extensions.
Balance due on extension (Force)
If an amount is entered here, UltraTax CS displays this amount on the extension as balance due, completes
Extended due date
, and displays the amount in
Paid with extension
.

Penalties and Interest

Date return filed
UltraTax CS calculates penalties and interest if the date entered in this box is later than the original due date of the return or the extended due date. If this box is blank, the date 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 ME Withholding Late Filing Interest and Penalty Worksheet if this box is blank and late interest is due. The ME Withholding Late Filing Interest and Penalty Worksheet also prints if the
Failure to file
 or
Failure to pay
 boxes are blank and a failure to file or a failure to pay 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 ME Withholding Late Filing Interest and Penalty Worksheet if this box is blank and the failure to file penalty is due. The ME Withholding Late Filing Interest and Penalty Worksheet also prints if the
Late interest
 or
Failure to pay
 boxes are blank and a late payment interest or a 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 ME Withholding Late Filing Interest and Penalty Worksheet if this box is blank and the failure to pay penalty is due. The ME Withholding Late Filing Interest and Penalty Worksheet also prints if the
Late interest
 or
Failure to file
 boxes are blank and late payment interest or a failure to file penalty exists.
note
UltraTax CS prints the ME Withholding Late Filing Interest and Penalty Worksheet when penalties or interest exist. If the
Late interest
,
Failure to file
, and
Failure to pay
boxes are all marked, the ME Withholding Late Filing Interest and Penalty Worksheet doesn't print.

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