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Screen MDPen - Maryland Penalties and Interest (990)

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General Information

Date return filed
If you enter a date that is after the return due date, late-filing interest calculates automatically. If you leave this field is blank, the return defaults to the original due date of the return.
Prior year tax
Enter the prior year tax if a prior year return was filed for an entire 12-month period. A
0
(zero) is considered to be the tax for the prior year. If left blank, the default is that this is a new corporation and calculates the underpayment penalty and interest on the current year's tax. Form 500UP calculates the penalty for a short-year client.
Suppress penalties on return: Underpayment of estimated tax
To suppress the penalty but print the form, select this field, then select Setup > 990 Exempt Organizations > Maryland tab > Tax Return button. Highlight Form 500UP and select the
Always if data
 option to force the form to always print when it contains data.
Suppress penalties on return: Late interest
Enter
X
 to suppress late payment interest on the return. If this field is blank and late interest is due, the Maryland Late Filing Interest Worksheet prints.

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