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Screen ORCPen - Oregon Composite Penalties and Interest (1120)

General Information

If the date entered in this field is later than the return due date, the application automatically calculates the penalty for failure to pay, the penalty for failure to file, and interest on the underpayment of tax. If this field is blank, it defaults to the original due date of the return.
Enter
X
 to suppress the late payment interest on the return. The application prints the OR Composite Late Filing Interest and Penalty Worksheets if this field is blank and late interest is due. The OR Composite Late Filing Interest and Penalty Worksheets also print if the
Failure to file and failure to pay
 field is blank and a failure to file and failure to pay penalty exists.
Enter
X
 to suppress the failure to pay and failure to file penalty on the return. The application prints the OR Composite Late Filing Interest and Penalty Worksheets if this field is blank and a failure to pay and failure to file penalty is due. The OR Composite Late Filing Interest and Penalty Worksheets also print if the
Late interest
 field is blank and a late payment interest exists.
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