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Screen PAPHLPen - Philadelphia Penalties and Interest (1120)

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General Information

Date return filed, if different from original due date
If the date entered here is later than the return due date, the application calculates the penalty and interest for failure to file. If this is blank, it defaults to the original due date of the return.
note
Use this to customize the date due on the filing instruction inserts. Enter the date you want to appear on the filing instruction inserts, and then insert the variable
[date filed f/t]
 in place of the variable
[due date ASAP f/t]
 in the filing instruction inserts. If this is blank, the date defaults to the due date of the return (original or extended). For more information, see the Client documents overview.
Suppress penalties on return: Late interest
Enter
X
 to suppress the late payment interest on the return. The application prints the Philadelphia Late Filing Interest and Penalty Worksheet, if this is blank and late interest is due.
Suppress penalties on return: Failure to pay
Enter
X
 to suppress the failure to pay penalty on the return. The application prints the Philadelphia Late Filing Interest and Penalty Worksheet, if this is blank and the failure to pay penalty is due.
note
The application prints the Philadelphia Late Filing Interest and Penalty Worksheet when penalties or interest exist. If the
Late interest
 and
Failure to pay
fields are both marked, the Philadelphia Late Filing Interest and Penalty Worksheet does not print. To suppress the late interest and failure to pay on the return, but print the worksheet, mark the
Late interest
 and
Failure to pay
boxes, and then select Setup then 1120 Corporation. In the PA tab, select Tax Return. Highlight Philadelphia Late Filing Interest and Penalty Worksheet and then select 
Always if data
 to force the application to always print the worksheet when it contains relevant data.

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