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Screen MEWHPen - Maine Withholding Penalties and Interest (1120)

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General Information

Date return filed, if different from original due date
If the date entered in this field is later than the return due date, the penalty for failure to pay and interest on the underpayment automatically calculate. If this field is blank, it defaults to the original due date of the return.
note
Use this field to customize the date due in the filing instructions or filing instruction inserts. Enter the date you want to appear in the filing instructions or 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 instructions or filing instruction inserts. If this field is blank, the date defaults to the due date of the return (original or extended). For more information, go to the Client documents overview.
Suppress penalties on return: Late interest
Enter
X
 to suppress the late payment interest on the return. The Maine Withholding Late Filing Interest and Penalty Worksheet prints if this field is blank and late interest is due. The Maine Withholding 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 Maine Withholding Late Filing Interest and Penalty Worksheet prints if this field is blank and the failure to file penalty is due. The Maine Withholding 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 Maine Withholding Late Filing Interest and Penalty Worksheet prints if this field is blank and the failure to pay penalty is due. The Maine Withholding 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 Maine Withholding Late Filing Interest and Penalty Worksheet prints when penalties or interest exist. If the
Late interest
,
Failure to file
, and
Failure to pay
 checkboxes are all marked, the Maine Withholding Late Filing Interest and Penalty Worksheet won't 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, then select
Setup
,
1120 Corporation
, the
Maine
 tab, then
Tax Return
. Highlight
ME Late Filing Wrk
 and select
Always if data
 to force the worksheet to always print when it contains relevant data.

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