Screen OJMNPEst — Municipal Net Profit Estimates (1120)

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Overpayment Application

Application of current year overpayment
The codes available in this field are the same as those in federal
Screen Est
. They instruct the application on how to apply any current year overpayment. This affects what's printed on Form MNP 10 and the calculation of next year’s estimated tax payments. The overpayment options are in the dropdown list and in the following table.
Code
Result
1
Refund 100 percent of the overpayment. This is the default option.
7
Apply 100 percent of overpayment to next year’s estimates; provide no refund.
note
New clients and converted clients may benefit from Ohio’s new client options. Select
Setup
,
1120 Corporation
, the
Ohio Cities
tab,
New Client Options
, and enter the code in
Overpayment application
. The selection in this field transfers to the state input screen for newly created and converted clients and is used to calculate the overpayment application. The transferred code may be changed in this field if necessary and is not overwritten by the selection in the
New Client Options
window.

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