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Screen NEPenS - Nebraska 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 calculates the penalty for failure to file, failure to pay and the interest on the underpayment. 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 instruction inserts. Enter a date in the filing instruction inserts, then replace the date in the filing instruction inserts.
Suppress penalties on return: Late interest
Enter X to suppress the late payment interest on the return. The application prints the NE Late Filing Interest and Penalty Worksheet if this field is blank and late interest is due. The NE Late Filing Interest and Penalty Worksheet also prints 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 NE Late Filing Interest and Penalty Worksheet if this field is blank and the failure to file penalty is due. The NE Late Filing Interest and Penalty Worksheet also prints 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 NE Late Filing Interest and Penalty Worksheet if this field is blank and the failure to pay penalty is due. The NE Late Filing Interest and Penalty Worksheet also prints 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 NE 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 NE Late Filing Interest and Penalty Worksheet doesn’t print. To suppress the late interest, failure to file penalty, and failure to pay penalty on the return, but print the worksheet, mark the
Late interest
,
Failure to file
, and
Failure to pay
 checkboxes. Then select
Setup
, followed by
1120 Corporation
. In the
Nebraska
 tab, select
Tax Return
. Select
NE Late Filing Worksheet
 and select the
Always if data
 option to force the application to always print the worksheet when it contains relevant data.

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