Screen NETPWS - Nebraska Tax Projection (1120)

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Overview

Use this screen to enter information you expect to be different in the next year. The application uses this data to calculate the Nebraska Tax Projection Worksheet. This worksheet is based on current law and next year tax law differences (when known). Enter only the items you expect to be different for the coming year. If you don't expect the amounts to be different for the coming year, the current-year amounts transfer to next year automatically. Any amounts marked with an asterisk (*) in the NETPWS screen don't transfer to the next-year column.

Tax and Payments

Income subject to withholding (Force)
The application automatically calculates the income subject to withholding by applying the current year shareholder percentage to the projected total income. Use this field to override this calculated amount, if needed.
Nebraska income tax withheld (Force)
The application automatically calculates the total tax for next year by applying the current year tax rates to the projected taxable income. Use this field to override this calculated amount, if needed.
2025
overpayment credited to
2026
(Force)
Enter the amount of current year overpayment that will be credited to next year. If this field is blank, the application defaults to the overpayment amount from the current year return.

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