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Screen ORMETPen - Metro 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 the interest on the underpayment. If this field is blank, it defaults to the original due date of the return.
Enter
X
 to suppress the printing of Form OR-2220 and the calculation of the Form OR-2220 penalty on the return. The application prints Form OR-2220 and marks the Form OR-2220 checkbox on Page 1 of the return if this field is blank and the underpayment penalty is due.
Enter
X
 to suppress the late payment interest on the return. The application prints the Metro Late Filing and Penalty Worksheet if these fields are blank and late interest is due. The Metro Late Filing Interest and Penalty Worksheet also prints if the
Failure to file
 fields are blank and failure to file penalties exist.
Enter
X
 to suppress the failure to file penalty on the return. The application prints the Metro Late Filing Interest and Penalty Worksheet if these fields are blank and a failure to file penalties are due. The Metro Late Filing Interest and Penalty Worksheet also prints if the
Late interest
 fields are blank and late payment interest exist.
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