Triva isn't available right now.
Check out the support page for our phone number and hours
Legal
Featured
-
CoCounsel Legal
Transform your work with the only AI legal solution uniting research, drafting, and document analysis in a single experience. Designed by legal experts and built on trusted content and advanced AI, CoCounsel Legal accelerates multistep work so you can better serve your clients and grow your business.
-
Westlaw
Conduct legal research efficiently and confidently using trusted content, proprietary editorial enhancements, and advanced technology.
-
Corporate Software and Solutions
Accelerate your impact with trusted corporate software and solutions that help legal, tax, trade, and risk professionals work efficiently and accurately. Cut through complexity and automate workflows while making confident, faster decisions.
Questions? We are here to help
Tax & Accounting
-
Top products for corporations
-
Top products for accounting firms
Featured
-
CoCounsel Tax, Audit, Accounting
Move faster and accomplish more with a professional-grade, generative AI assistant that transforms the way you work. Thomson Reuters CoCounsel is with you every step of the way, backed by authoritative content and industry-leading expertise.
-
ONESOURCE
Create a seamless process through automated and accurate corporate tax software and services. Ensure smooth workflows from tax determination through to tax and trade compliance for companies and large accounting firms.
-
Corporate Software and Solutions
Accelerate your impact with trusted corporate software and solutions that help legal, tax, trade, and risk professionals work efficiently and accurately. Cut through complexity and automate workflows while making confident, faster decisions.
Questions? We are here to help
Trade & Supply
Featured
-
ONESOURCE Indirect Compliance
Automate your company's sales and use tax, GST, and VAT compliance and expedite your global indirect tax compliance obligations. Move beyond complicated, country-specific spreadsheets to stay compliant across the globe.
-
ONESOURCE Pagero
Comply with global e-invoicing mandates by leveraging a fully integrated, electronic invoice compliance solution — one solution spanning the globe, simplifying complexity for tax, e-invoicing, and continuous transaction controls.
-
Corporate Software and Solutions
Accelerate your impact with trusted corporate software and solutions that help legal, tax, trade, and risk professionals work efficiently and accurately. Cut through complexity and automate workflows while making confident, faster decisions.
Questions? We are here to help
Risk & Fraud
Featured
-
CLEAR
Powerful software designed for law enforcement, compliance, risk, and fraud investigators. Conduct thorough investigations with ease using our intuitive online investigation software. Efficiently, prevent, detect, and solve crime.
-
ID Risk Analytics
Detect, prevent, and mitigate fraud with this online fraud prevention tool for government. Gain a holistic view of identity-based risk within an agency’s program population.
-
Corporate Software and Solutions
Accelerate your impact with trusted corporate software and solutions that help legal, tax, trade, and risk professionals work efficiently and accurately. Cut through complexity and automate workflows while making confident, faster decisions.
Questions? We are here to help
News & Media
Recommended products
-
Reuters Connect
Around the globe, with unmatched speed and scale, Reuters Connect gives you the power to serve your audiences in a whole new way.
-
Reuters Plus - Content Studio
Reuters Plus, the commercial content studio at the heart of Reuters, builds campaign content that helps you to connect with your audiences in meaningful and hyper-targeted ways.
-
Reuters.com Platform
Reuters.com provides readers with a rich, immersive multimedia experience when accessing the latest fast-moving global news and in-depth reporting.
Questions? We are here to help
Books
Recommended products
-
What's new in legal products
Shop our latest titles
-
Shop tax customer favorites
ProView Quickfinder favorite libraries
Questions? We are here to help
Developers
-
APIs by industry
-
Related sites
Screen KYLXEst - Lexington Estimates (1120)
Show all hidden content
Overpayment Application - Lexington Urban
Application of current year overpayment
These codes are the same as those in federal Screen Est. They instruct the application on how to apply any current-year overpayment. The code affects what is printed on Form 228, Page 1, and the calculation of next year’s estimated tax payments. Enter one of the overpayment codes listed in the following table or select one from the drop-down list.
Code
| Result
|
|---|---|
1 | Refund 100 percent of the overpayment. This is the default. |
2 | Apply 100 percent of the overpayment to next year’s estimate; refund excess. This code applies the overpayment to each estimate in full until the overpayment is exhausted or all estimate payments are made, in which case the excess is refunded. |
3 | Apply to the first period of next year’s estimates; refund excess. |
4 | Apply equally to all next-year estimates; refund excess. This code applies one-fourth of the overpayment to each estimate and refunds any excess overpayment. |
5 | Apply amount specified 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. |
6 | Apply to first and second period of next year’s estimates; refund excess. |
7 | Apply 100 percent of this year’s overpayment to next year’s estimates; provide no refund. |
8 | Apply amount specified 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. |
note
New clients and converted clients may benefit from Kentucky’s new client options. Choose Setup > 1120 Corporation > Kentucky tab, select the New Client Options button, and enter the code in the
Overpayment application
field. The selection in this field transfers to the state input screen for newly created and converted clients and is used to calculate the overpayment application. The transferred code may be changed in this field if necessary and is not overwritten by the selection in the New Client Options dialog.Overpayment Application - School Board
Application of current year overpayment
These codes are similar to those in federal Screen Est. They instruct the application on how to apply any current-year overpayment. The code used affects what is printed on Form 228-S, Page 1. Enter one of the overpayment codes listed in the following table or select one from the drop-down field.
Code
| Result
|
|---|---|
1 | Refund 100 percent of the overpayment. This is the default. |
7 | Apply 100 percent of this year’s overpayment to next year’s estimates; provide no refund. |
Estimates - Lexington Urban
Form 228ENP - declaration for next year
These codes are the same as those in federal Screen Est. They tell the application which method to use to determine the amount of the next year’s estimated tax. If you enter codes
2
through 5
in the Application of current year overpayment
field, enter a code in the Form 228ENP - declaration for next year
field, in order for the application to generate estimates. If both of these fields are blank, the application does not generate estimate vouchers or filing instruction information. Enter a code from the following table or select one from the drop-down field.Code
| Result
|
|---|---|
1 | Use current year liability, if less than $5,000 use zero (default). |
2 | Use the amount of current-year income tax liability plus the adjustment in the Amount to adjust current year liability (Code 2) field. If this code is used, 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 current liability even if less than $5,000. |
4 | Print vouchers with amount fields blank. |
5 | Use the amounts entered in the Amounts for next year’s estimates (Code 5 or 9) fields. If this code is used, also enter amounts in the Amounts for next year’s estimates (Code 5 or 9) fields. These amounts are adjusted by the overpayment applied, if applicable. |
8 | Use the projected tax liability. Estimates are prepared even if the projected tax liability is less than $5,000. |
9 | Use amounts entered below. Enter amounts in the Amounts for next year’s estimates (Code 5 or 9) fields to enter estimated payments for each quarter. These are not reduced by any overpayment. |
note
New clients and converted clients may benefit from Kentucky’s new client options. Choose Setup > 1120 Corporation > Kentucky tab, select the New Client Options button, and enter the code in the
Next year’s estimate declaration
field. The selection in this field transfers to the state input screen for newly created and converted clients and is used to calculate next year’s estimates. The transferred code may be changed in this field if necessary and is not overwritten by the selection in the New Client Options dialog.Amounts for next year’s estimates (Code 5 or 9): 1st - 4th payment
Use these fields to specify the estimate amounts for each quarter. These amounts are not adjusted by the amounts entered in the
Next year estimates already paid
fields. If code 5
is entered in the Form 228ENP - 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 228ENP - declaration for next year
field, enter the desired quarterly payments in these fields. These amounts are not adjusted by the overpayment applied.Next year estimates already paid: 1st - 4th payment
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 228ENP - 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 228ENP - 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.Number of estimates desired, if other than four
The number of estimates in this field defaults to
4
. Enter a code from the following table, or select one from the drop-down field 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 period in which the amounts were paid.Code | Result
|
|---|---|
4 | All four vouchers are generated. This is the default. |
3 | The final 3 vouchers are generated. The gross estimated tax liability is allocated 50 percent to the second period and 25 percent each to the third and fourth periods. |
2 | The last two vouchers are generated. The gross estimated tax liability is allocated 75 percent to the third period and 25 percent to the last period. |
1 | 100 percent of the gross estimated tax liability is allocated to the last period. |
A | 100 percent of the gross estimated tax liability is allocated to the first period. |
B | 100 percent of the gross estimated tax liability is allocated to the second period. |
C | 100 percent of the gross estimated tax liability is allocated to the third period. |
Amount to round up each estimate
In this field enter a rounding specification for the estimated payments. If this field is blank, the application automatically rounds each estimated payment up to the next dollar.
note
New clients and converted clients may benefit from Kentucky’s new client options. Choose Setup > 1120 Corporation > Kentucky tab, select the New Client Options button, and enter the amount in the
Round estimates by
field. The amount entered in this field transfers to the state input screen for newly created and converted clients and is used to round up the estimated payments to the nearest factor. The transferred amount may be changed in this field if necessary and is not overwritten by the selection in the New Client Options dialog.