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Screen AZPen - Arizona Penalties and Interest (1120)

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General Information

Date return filed, if different from original due date of return
If the date entered here is later than the return due date, the application calculates the penalty for failure to pay, the penalty for failure to file, and the interest on the underpayment of tax. If this field is blank, it defaults to the original due date of the return.
Prior year tax liability
Enter the prior year tax for C Corporations. For S Corporations, enter an amount equal to 100 percent of the portion of the prior year Arizona tax liability that is attributable to excess net passive income.
Large corporation (C Corp)
Enter X if the corporation or its predecessor had federal taxable income of $1 million or more for any of the 3 tax years immediately preceding the current tax year.
Suppress penalties on return: Underpayment of estimated tax
Enter X to suppress the printing of Form 220 and the calculation of the Form 220 penalty on the return. Form 220 prints if this field is blank and the underpayment penalty is due.
Suppress penalties on return: Late interest
Enter X to suppress the late payment interest on the return. The AZ Late Filing Interest and Penalty Worksheet prints if this field is blank and late interest is due.
Suppress penalties on return: Failure to file
Enter X to suppress the failure to file penalty on the return. The AZ Late Filing Interest and Penalty Worksheet prints if this field is blank and the failure to file penalty is due. The worksheet also prints if the
Late interest
,
Failure to pay
, or
Extension underpayment
 fields are blank.
Suppress penalties on return: Failure to pay
Enter X to suppress the failure to pay penalty on the return. The AZ Late Filing Interest and Penalty Worksheet prints if this field is blank and failure to file penalty is due.
Suppress penalties on return: Extension underpayment
Enter X to suppress the extension underpayment penalty on the return. The AZ Late Filing Interest and Penalty Worksheet prints if this field is blank and the extension underpayment penalty is due.

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