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Screen LAPen - Louisiana Penalties and Interest (1120)

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General Information

Date return filed, if different from original due date
If the date entered here is later than the return due date, the application automatically calculates the penalties and interest on Form CIFT-620SD, Page 2. If you leave this field blank, the application defaults to the original due date of the return.
note
Use this field to customize the date due in the filing instruction inserts. Enter the date you want to appear in 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).
Prior year franchise tax for tax accrual
Enter prior-year franchise tax as reported on Form 620SD. The application uses this amount to calculate the tax accrual.
Suppress penalties on return: Late interest
Enter
X
to suppress the late payment interest on the return. The application prints the LA Income Tax Late Filing Interest and Penalty Worksheet and LA Franchise Tax Late Filing Interest and Penalty Worksheet if this field is blank and late interest is due. The LA Income Tax Late Filing Interest and Penalty Worksheet and LA Franchise Tax Late Filing Interest and Penalty Worksheet will also print if the
Failure to file
 or
Failure to pay
 fields are blank and a failure to file or failure to pay penalty exists.
Suppress penalties on return: Failure to file
Enter
X
to suppress the failure to file penalty on the return. The application prints the LA Income Tax Late Filing Interest and Penalty Worksheet and LA Franchise Tax Late Filing Interest and Penalty Worksheet if this field is blank and the failure to file penalty is due. The LA Income Tax Late Filing Interest and Penalty Worksheet and LA Franchise Tax Late Filing Interest and Penalty Worksheet will also print if the
Late interest
 or
Failure to pay
 fields are blank and late payment interest or a failure to pay penalty exists.
Suppress penalties on return: Failure to pay
Enter
X
to suppress the failure to pay penalty on the return. The application prints the LA Income Tax Late Filing Interest and Penalty Worksheet and LA Franchise Tax Late Filing Interest and Penalty Worksheet if this field is blank and the failure to pay penalty is due. The LA Income Tax Late Filing Interest and Penalty Worksheet and LA Franchise Tax Late Filing Interest and Penalty Worksheet will also print if the
Late interest
 or
Failure to file
 fields are blank and late payment interest or a failure to file penalty exists.
note
The application prints the LA Income Tax Late Filing Interest and Penalty Worksheet and LA Franchise Tax Late Filing Interest and Penalty Worksheet when penalties or interest exist. If the
Late interest
,
Failure to file
, and
Failure to pay
 checkboxes are all marked, the LA Income Tax Late Filing Interest and Penalty Worksheet and LA Franchise Tax Late Filing Interest and Penalty Worksheet do not print. To suppress the late interest, failure to file penalty, and failure to pay penalties on the return, but print the worksheet, mark the
Late interest
,
Failure to file
, and
Failure to pay
checkboxes, and then choose Setup and then 1120 Corporation. In the Louisiana tab, select the Tax Return button. Select LA Income Late Worksheet and LA Franchise Late Worksheet and choose the
Always if data
 option to force the application to always print the worksheets when it contains relevant data.

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