Screen KSPen - Kansas Penalties and Interest (990)

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General Information

Date return filed if different from the original due date of return
If the date you enter is later than the return due date, the penalty for failure to file or pay, the interest on the underpayment, and the penalty for underpayment of estimated tax calculate automatically. If you leave this field is blank, the return defaults to the original due date.
Prior year tax
If you enter last year’s tax; this amount is used to calculate the Form K-220 exceptions. The K-220 penalty for a short-year client calculates automatically.

Annualized Income Installment Method

Tax on annualized income
If the client uses the annualized income installment method, the amounts for each quarter must be manually calculated and entered in these fields.

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