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Screen INTEst - New Hampshire Interest and Dividends Estimates (1065)

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Overpayment Application

Application of current year overpayment
These code options instruct UltraTax CS how to apply any current-year overpayment for Form DP-10 and the calculation of next year’s estimated tax payments. To enter UltraTax CS of current year overpayment one time for all new clients, select Setup, then 1065 Partnership. In the New Hampshire tab, select New Client Options. The overpayment options are listed in the fieldview and in the table that follows:
Code
Result
1
Refund 100 percent of overpayment. This is the default option.
2
Apply 100 percent of overpayment to next year’s estimate; refund excess. This option applies the overpayment to each estimate in full until the overpayment is exhausted or all estimated payments are made, in which case the excess is refunded.
3
Apply to first estimate; refund excess.
4
Apply equally to each estimate; refund excess. This option divides the overpayment by the number of current year payments desired.
5
Apply the portion of the overpayment shown in
Amount for code #5 or #8
 to estimates until exhausted; refund excess.
6
Apply to first and second estimates; refund excess.
7
Apply 100 percent of overpayment to next year’s estimates; no refund.
8
Apply amount specified.

Estimates

If a blank estimate voucher is desired, use Help, Tax Subject Index, then Web Form Instructions to link to Form DP-10-ES from the New Hampshire website. The estimate vouchers produced by UltraTax CS are not approved for handwritten use.
Form DP-10-ES - declaration for next year
Codes
1
,
2
,
3
,
5
, and
9
indicate which method you want to use to determine the amount of the next year’s estimated tax. If you enter
2
 through
8
 in
Application of current year overpayment
, UltraTax CS defaults to
1
 in
Form DP-10-ES declaration for next year
. If you leave both of these boxes blank, UltraTax CS
does not
 generate estimate vouchers or estimate filing instructions. To enter the Form DP-10-ES declaration one time for all new clients, select Setup, then 1065 Partnership. In the New Hampshire tab, select New Client Options. The options for Form DP-10-ES declaration are listed in the fieldview and in the table that follows:
Code
Result
1
Use current year liability; if it's less than $500, use zero. This is the default if you entered
2
 through
8
 in
Application of current year overpayment
.
note
If the current year’s tax is less than the minimum filing requirements, the vouchers don't print.
2
Use the current year liability adjusted by
Amount for Code #2
. If you select this option, also enter an adjustment to the current year liability in
Amount for Code #2
. If the adjustment represents a decrease, enter a negative amount.
3
Use the current year liability even if less than $500. This lets estimates calculate even when the tax liability is less than the minimum amount required for estimate payments.
5
Use amounts entered, before overpayment. Enter amounts in the
Amts for Code 5 or 9
 or
Estimates Paid
 boxes to enter estimated payments for each quarter.
9
Use amounts entered.
Amts for Code 5 or 9
Use these boxes to specify the estimate amounts for each quarter.
If code
5
 is entered in
Form DP-10-ES declaration for next year
, enter the desired quarterly payments in these boxes. UltraTax CS adjusts these amounts by any overpayment applied and prints the calculated amounts on the vouchers.
If code
9
is entered in
Form DP-10-ES declaration for next year
, enter the desired quarterly payments in these boxes. UltraTax CS doesn't adjust these amounts by any overpayment applied and prints these amounts on the vouchers.
Estimates Paid
Use these boxes to specify the amounts already paid for each estimate. These amounts are subtracted from the calculated quarterly gross estimated tax liability to determine the net voucher amounts.
Number of estimates desired
The number of estimate payment vouchers defaults to
4
. Enter a code to specify fewer than four vouchers. The code options for the number of vouchers are listed in the fieldview and in the following table.
Code
Result
4
Four vouchers are generated. This option is the default.
3
Last three vouchers are generated. Any unpaid balance from the first estimate is included in the second estimate voucher.
2
Last two vouchers are generated. Any unpaid balance from the first or second estimates is included in the third estimate voucher.
1
Last voucher is generated. 100 percent of the gross estimated tax liability is allocated to the fourth voucher.
A
First voucher. 100 percent of the gross estimated tax liability is allocated to the first voucher.
B
Second voucher. 100 percent of the gross estimated tax liability is allocated to the second voucher.
C
Third voucher. 100 percent of the gross estimated tax liability is allocated to the third voucher.
Amount to round up each estimate
This box lets you enter a rounding multiple for the estimate payments. If this box is blank, UltraTax CS automatically rounds each estimate payment up to the next dollar. To enter an amount to round up each estimate one time for all new clients, select Setup, then 1065 Partnership. In the New Hampshire tab, select New Client Options.

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