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Screen ORPPen - Oregon pass-through entity penalties and interest

If you enter a date later than the return due date, the application automatically calculates the penalty for failure to file and interest on the underpayment of tax. If this field is blank, the application defaults to the original due date of the return.
Enter
X
 to suppress the printing of Form 2220 and the calculation of the Form 2220 penalty on the return. The application prints Form 2220 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 OR Pass-through Entity Late Filing Interest and Penalty Worksheet if this field is blank and late interest is due. The OR Pass-through Entity Late Filing Interest and Penalty Worksheet also prints 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 file and failure to pay penalty on the return. The application prints the OR Pass-through Entity Late Filing Interest and Penalty Worksheet if this field is blank and the failure to file and failure to pay penalty is due. The OR Pass-through Entity Late Filing Interest and Penalty Worksheet also prints if the
Late interest
 field is blank and late payment interest exists.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1120 Corporation
  • State: Oregon
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