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Screen DCEst - District of Columbia Estimates (1120)

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Overpayment Application

These code options are the same as those in the federal Est Screen. They instruct the application on how to apply any current-year overpayment. This decision affects what is printed on Page 2 of the return and the calculation of next year’s estimated tax payments. The overpayment options are listed in the drop-down list and in the following table.
Code
Result
1
Refund 100 percent of the overpayment. This is the default option.
2
Apply 100 percent of the overpayment to next year’s estimate; refund excess. This option applies the overpayment to each estimate in full until the overpayment is exhausted or all estimated payments are made, in which case the excess is refunded.
3
Apply to next year’s first estimate; refund excess.
4
Apply equally to all next-year estimates; refund excess. This option divides the total overpayment by the number of next year payments desired, applies this amount to each estimate, and refunds any excess overpayment.
5
Apply the portion of the overpayment shown in the
Overpayment to be applied (Code 5 or 8)
 field to the estimates until the amount is exhausted or all payments are made, in which case the excess is refunded.
6
Apply to next year’s first and second estimates; refund excess.
7
Apply 100 percent of this year’s overpayment to next year’s estimates; provide no refund. This option applies the entire overpayment to next year even if estimates are not required or the overpayment is in excess of the payments required. No refund is made.
8
Apply amount specified below in the
Overpayment to be applied (Code 5 or 8)
 field to next year’s estimate. This option allows an overpayment to be specified even when estimates are not required or generated.

Estimates

These codes are the same as those used in federal Screen Est. They tell the application which method to use to determine the amount of the next year’s estimated tax. If option
2
through
7
 is entered in the
Application of current year overpayment
 field, the application defaults to
1
 in the
Form D-20ES - declaration for next year
 field. If both of these fields are blank, the application does not generate estimate vouchers or estimate filing instruction information.
The options for the
Form D-20ES - declaration for next year
 field are listed in the drop-down list and in the following table.
Code
Result
1
Use the current-year income tax liability. This is the default if
2
,
3
,
5
,
6
, or
7
 is entered in the
Application of current year overpayment
 field. Estimates are prepared if the current-year income tax liability is less than $1,001.
2
Use the current-year income tax liability plus the adjustment in the
Amount to adjust current year liability (Code 2)
 field. If this option is selected, also enter an adjustment to the current-year tax liability in the
Amount to adjust current year liability (Code 2)
 field. If the adjustment represents a decrease, enter a negative amount.
3
Use the current-year income tax liability. Estimates are prepared even if the current-year tax liability is greater than or equal to $1,001.
5
Use the amounts entered in the
Amounts for next year’s estimates (Code 5 or 9)
 fields, before overpayment. If you select this option, the amounts entered in the
Amounts for next year’s estimates (Code 5 or 9)
fields are adjusted by any overpayment applied.
8
Use the projected tax liability. Estimates are prepared even if the projected tax liability is less than $1,001.
9
Use the amounts entered in the
Amounts for next year’s estimates (Code 5 or 9)
 fields. If you select this option, the amounts entered in the
Amounts for next year’s estimates (Code 5 or 9)
 fields are not adjusted by any overpayment applied.
Use these fields to specify the estimate amounts for each quarter. These amounts will not be adjusted by the amounts entered in the
Next year estimates already paid
 fields.
If code
5
 is entered in the
Form D-20ES - declaration for next year
 field, enter the desired quarterly payments in these fields. These amounts are adjusted by the overpayment applied.
If code
9
 is entered in the
Form D-20ES - declaration for next year
 field, enter the desired quarterly payments in these fields. These amounts will not be adjusted by the overpayment applied.
Use these fields to enter any estimate payments already made toward the next year.
If code
1
,
2
, or
3
 is entered in the
Form D-20ES - declaration for next year
 field, these amounts and the overpayment applied are subtracted from the calculated quarterly gross estimated tax liability to determine the net estimate amounts.
If code
5
 or
9
 is entered in the
Form D-20ES - declaration for next year
 field, these amounts do not adjust the amounts entered in the
Amounts for next year’s estimates (Code 5 or 9)
 fields.
The number of estimate vouchers defaults to
4
. Enter a code to specify fewer than four vouchers. The overpayment and amounts already paid toward next year’s estimates are applied to each voucher based on the overpayment code and the quarter in which the amounts were paid. The options for the number of vouchers are listed in the drop-down list and in the following table.
Code
Result
4
Four vouchers are generated. (default)
3
The last three vouchers are generated. Any unpaid balance from the first estimate is included in the second estimate voucher.
2
The last two vouchers are generated. Any unpaid balance from the first or second estimate is included in the third estimate voucher.
1
100% of the gross estimated tax liability is allocated to the fourth voucher.
A
100% of the gross estimated tax liability is allocated to the first voucher.
B
100% of the gross estimated tax liability is allocated to the second voucher.
C
100% of the gross estimated tax liability is allocated to the third voucher.
Enter rounding specifications for the estimated payments. The estimated payments can be rounded up to the nearest factor indicated. For example, to round up each estimated payment to the nearest $10, enter
10
. If this field is blank, the application rounds up each estimated payment to the nearest dollar.
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