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Screen NYGEst - New York Group Return Estimates (1065)

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Estimates

Form IT-2105 declaration for next year
Enter code
1
,
2
,
3
,
5
, or
9
 to select a method to determine the amount of next year’s estimated tax. If this box is blank, UltraTax CS
does not
 generate estimate vouchers or the filing instruction information.
To enter the Form IT-2105 declaration one time for all new clients, select Setup, 1065 Partnership, New York tab, and select New Client Options. The options for
Form IT-2105 declaration for next year
 are listed in the fieldview and in the following table.
Code
Result
1
Use the current year liability.
2
Use the current year liability adjusted by the amount entered. 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 $300. 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. Use the
Amts for Codes 5, 9
 or
Estimates Paid
 boxes to enter estimated payments for each quarter.
note
These amounts are adjusted by any overpayment applied.
9
Use amounts entered. Use the
Amts for Codes 5, 9
 or
Estimates Paid
 boxes to enter estimated payments for each quarter. These won't be reduced by any overpayment.
Amts for Codes 5, 9
Use these boxes to specify the estimate amounts for each quarter.
If code
5
 is entered in
Form IT-2105 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 IT-2105 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
If code
1
,
2
, or
3
 is entered in
Form IT-2105 declaration for next year
, 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.

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