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Screen MOSLPen - St. Louis Penalties and Interest (1120)

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Overview

Use this screen to complete the SL Late Filing Interest and Penalty Worksheet.

General Information

Use this section to enter information for the calculation of Form E-234 penalties and late-filing interest.
Date return filed, if different from original due date
If the date entered in this field is later than the return due date, the application automatically calculates the penalty for failure to file or failure to pay and the interest on the underpayment. If this field is blank, it defaults to the original due date of the return. The application prints interest and penalty amounts, if applicable, on Page 1 of the return.
Suppress penalties on return: Late interest
Enter
X
 to suppress the late payment interest on the return. UltraTax/1120-MO prints the SL Late Filing Interest and Penalty Worksheet if this field is blank and late interest is due. The SL 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 penalty on the return. UltraTax/1120-MO prints the SL Late Filing Interest and Penalty Worksheet if this field is blank and the failure to file or failure to pay penalty is due. The SL Late Filing Interest and Penalty Worksheet will also print if the
Late interest
 field is blank and late payment interest exists.
note
UltraTax/1120-MO prints the SL Late Filing Interest and Penalty Worksheet when penalties or interest exist. If the
Late interest
 and
Failure to file or failure to pay
 checkboxes are both marked, the SL Late Filing Interest and Penalty Worksheet will not print. To suppress the late interest and failure to file/failure to pay penalty on the return, but print the worksheet, mark the
Late interest
 and
Failure to file or failure to pay
 checkboxes, then choose Setup and then 1120 Corporation. In the Missouri tab, select the Tax Return button. Highlight St. Louis Late Filing Worksheet and click the
Always if data
 option to force UltraTax/1120-MO to always print the worksheet when it contains relevant data.

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