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Screen MAPen - Massachusetts 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, 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 MA-990T. This information proformas automatically from year-to-year.
Prior year apportionment percent
Enter the prior year apportionment percent from Form M-990T. This information proformas automatically from year-to-year.
New corporation and less than 10 employees
If you mark this field, an X appears in the appropriate checkbox on Form M-2220 and calculates underpayment using the lower payment percentages.
Large corporation
Enter
X
 if the corporation or its predecessor had federal taxable income of $1 million or more for any of the three tax years immediately preceding the current tax year.
Qualified farmer or fisherman M-990T-62
Enter
X
 if two-thirds of the trust’s gross income is from farming or fishing. An X appears in the appropriate box on Form M-2210F and calculates the required annual payment using the lower percentage.
Suppress on Form M-990T or M-990T-62: Underpayment of estimated tax penalty
Enter
X
 to suppress the printing of the form and the calculated penalty on the return. Forms M-2220 and M-2210F print as the instructions state conditions for printing. To suppress the penalty but print the form, enter
X
 in here, then switch to Form view, and choose Edit > Overrides > Force Form to Print.
Suppress on Form M-990T or M-990T-62: Late interest
The late interest, failure to file, and failure to pay penalties calculate on the Interest and Penalty Worksheets. The Interest and Penalty Worksheets print if any penalty exists and is not suppressed. Enter
X
 to suppress any late interest calculated on Form M-990T or Form M-990T-62 and to print "Interest suppressed on the return" on the worksheet.
Suppress on Form M-990T or M-990T-62: Failure to pay penalty
The late interest, failure to file, and failure to pay penalties calculate on the Interest and Penalty Worksheets. The Interest and Penalty Worksheets print if any penalty exists and is not suppressed. Enter
X
 to suppress any late interest calculated on Form M-990T or Form M-990T-62 and to print "Interest suppressed on the return" on the worksheet.
Suppress on Form M-990T or M-990T-62: Failure to file penalty
The late interest, failure to file, and failure to pay penalties calculate on the Interest and Penalty Worksheets. The Interest and Penalty Worksheets print if any penalty exists and is not suppressed. Enter
X
 to suppress any late interest calculated on Form M-990T or Form M-990T-62 and to print "Interest suppressed on the return" on the worksheet.

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