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Screen ORWHEst - Oregon Nonresident Owner Tax Estimates (1065)

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Estimates

Form OR-19-V - declaration
Codes
1
,
2
,
4
, and
9
 indicate which method you want to use to determine the amount of next year’s estimated tax. The options for
Form OR-19-V - declaration
are listed in the fieldview and in the following table. To enter the
Form OR-19-V - declaration
 one time for all new clients, select Setup, 1065 Partnership, Oregon tab and select New Client Options.
Code
Result
1
Use the current-year liability.
2
Use the current-year liability adjusted by amount. 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.
4
Prints vouchers with the amount boxes blank.
9
Use amounts entered. Enter amounts in the
Amts for Code 9
 or
Estimates Paid
 boxes to enter estimated payments for each quarter. These won't be reduced by any overpayment.
Amts for Code 9
Use these boxes to specify the estimate amounts for each quarter.
If code
9
 is entered in
Form OR-19-V - declaration
, enter the desired quarterly payments in these boxes. UltraTax CS doesn't adjust these amounts 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 estimated payments defaults to
4
. To specify fewer than four vouchers, enter a code here. The options for the number of vouchers appear in the fieldview. UltraTax CS applies the amounts already paid toward next year’s estimates to each voucher, based on the quarter in which the amounts were paid.
Amount to round each estimate
In this box you can enter a rounding multiple for the estimated payments. If this box is blank, UltraTax CS automatically rounds each estimated payment up to the nearest dollar. To enter an amount to round up each estimate one time for all new clients, select Setup, 1065 Partnership, Oregon tab, and select New Client Options.

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