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Screen ORTM - Tri-County Self-Employment Tax Return (1065)

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General Information

Amended return
If the Oregon return is amended and this box is blank, Form OR-TM is marked as amended. If the state return isn't amended, but you wish to amend Form OR-TM, enter
1
. If you don't wish to amend Form OR-TM when amending the state return, enter
2
 and Form OR-TM won't be marked as an amended return.
General footnote
Use the statement to enter any miscellaneous information that needs to be conveyed with the return. The general footnote appears as a separate item in each collation.

Income

Total self employment earnings (Force)
UltraTax CS automatically calculates the amount of self-employment earnings. This amount is the same as the federal calculated amount. Use this box to force (override) the self-employment earnings. Self-employment earnings will then need to be specially allocated to the partners.
Exclusion amount (Force)
UltraTax CS automatically calculates the exclusion amount. Use this box to force (override) the exclusion amount. The exclusion amount will then need to be allocated to the partners.

Payments

Amount 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
If you've printed an extension by selecting File, then Print Extensions, the extended due date automatically displays in this box. When this box is completed and
Date return filed
is blank, UltraTax CS uses the date in this box to calculate penalties and interest. The extended due date also is reflected in the filing instructions.
Balance due on extension (Force)
If an amount is in this box UltraTax CS displays this amount on the extension, completes
Extended due date
, and displays the amount in
Amount paid with extension
.

Penalties and Interest

Date return filed
If the date entered in this box is later than the return due date, UltraTax CS automatically calculates the penalties for failure to pay and failure to file and the interest on the underpayment. If this box is blank, it 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 TM Late Filing Interest and Penalty Worksheet if this box is blank and the late interest is due. The TM 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 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 TM Late Filing Interest and Penalty Worksheet if this box is blank and the failure to file penalty is due. The TM Late Filing Interest and Penalty Worksheet also prints if the
Late interest
 or
Failure to pay
 boxes are blank and the late payment interest or a failure to pay penalty exist.
Suppress penalties on return: Failure to pay
Enter
X
 to suppress the failure to pay penalty on the return. UltraTax CS prints the TM Late Filing Interest and Penalty Worksheet if this box is blank and the failure to pay penalty is due. The TM 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 TM Late Filing Interest and Penalty Worksheet when penalties or interest exist. If the
Late interest
,
Failure to file
, and
Failure to pay
 checkboxes are all marked, the TM Late Filing Interest and Penalty Worksheet doesn't print.

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