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Screen CTPenS - Connecticut 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 in this field 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. If this field is blank, it defaults to the original due date of the return.
note
Use this field to customize the date due on the filing instructions inserts. Enter the date you want to appear on the filing instruction inserts, and then insert the variable [date filed f/t] in place of the variable [due date ASAP f/t] in the filing instruction inserts. If this field is blank, the date defaults to the due date of the return (original or extended). For more information, see Client documents overview.
Suppress penalties on return: Late interest
Enter
X
 to suppress the late payment interest on the return. The application prints the Connecticut Late Filing Interest and Penalty Worksheet if this field is blank and late interest is due. The Connecticut Late Filing Interest and Penalty Worksheet will also print if the
Failure to file or failure to pay
 field is blank and a failure to file or failure to pay penalty exists.
Suppress penalties on return: Failure to file or failure to pay
Enter
X
 to suppress the failure to file or failure to pay penalties on the return. The application prints the Connecticut Late Filing Interest and Penalty Worksheet if this field is blank and the failure to file or failure to pay penalty is due. The Connecticut Late Filing Interest and Penalty Worksheet will also print if the
Late interest
 field is blank and late payment interest exists.
note
The application prints the Connecticut Late Filing Interest and Penalty Worksheet when penalties or interest exist. If the
Late interest
and
Failure to file or failure to pay
 fields are marked, the Connecticut Late Filing Interest and Penalty Worksheet will not print. To suppress the late interest and failure to pay penalties on the return, but print the worksheet, mark the
Late interest
 and
Failure to file or failure to pay
fields. Then go to
Setup
 and select
1120 Corporation
. On the Connecticut tab, select
Tax Return
. Select the CT Late Filing Worksheet from the list, then select the
Always if data
 option to force the application to always print the worksheet when it contains relevant data.

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