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Screen GAPen - Penalties and Interest (990)

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Penalties and Interest

Date return filed
If you enter a date that is after the return due date, the late payment interest, failure to file, and failure to pay penalties calculate automatically. If you leave this field is blank, the return defaults to the due date (original or extended).
Prior year tax
Enter the prior year tax from Form GA-990T. If UltraTax/990-GA was used in the prior year, this information proformas automatically.
Suppress penalties on return: Underpayment of estimated tax
UltraTax/990-GA prints Form GA-600UET as the instructions state conditions for printing. If this box is selected, Form GA-600UET does not print. To suppress the penalty but print the form, enter
X
 in the
Underpayment of estimated tax penalty
 field, switch to Form view then select
Edit
,
Overrides
,
Force Form to Print
.
Suppress penalties on return: Late payment interest
The late interest, failure to file, and failure to pay penalties calculate on the Interest and Penalty Worksheets. These worksheets print if any penalty exists and is not suppressed. Enter
X
 to suppress any late interest calculated on Form GA-600T and to print "Suppressed on the return" on the worksheet.

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