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Screen ARExt - Arkansas Extension (1040)

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Overview

Use this screen to complete Form AR1055, Request For Extension Of Time For Filing Income tax Returns. If information transferred from UltraTax/1040 does not require additional data or coding, UltraTax/1040-AR shows the information on the form only, not in the input screen.

Extension Information

Use this section to calculate the extension form and extend the due date of the return.
Calculate extension
Use this field to indicate the requested extension. Arkansas accepts the federal 4868 as long as all tax payments have been made, or use Form AR1055-IT to request extension. Enter
2
 if you want UltraTax CS to calculate the extension. To print the extension, choose File and then Print Extensions. UltraTax CS also enters the applicable due date in the
Extended due date
 field.
Enter
1
 if you have filed federal Form 4868 and only require a voucher for payment of taxes.
Federal Form 4868 filed
Mark this field to indicate that a federal Form 4868 is filed. This field is completed automatically if an extension for federal or state is processed.
Extended due date
If an extension is printed by selecting File and then Print Extensions or by making an entry in the
Calculate extension
 field, the extended due date automatically appears in this field. Otherwise, the date manually entered in is used as the extended due date in the filing instructions and when calculating late filing penalties.
Extension payment actually made; reportable on main return
Each time you print the extension (via the File and then Print Extensions option). UltraTax CS does the following:
  • calculates the extension payment amount and enters the amount in this field, and
  • prints this amount on the main return, not on the extension.
Alternatively, you can overrule the calculated amount by entering the amount actually paid with the current-year extension in this field. UltraTax CS then displays the new amount in black.
note
  • To delete the overruled amount and restore the original calculated amount, right-click the field and choose Delete overrule.
  • To confirm the accuracy of the overruled amount, right-click the field and choose Acknowledge overruled data. UltraTax CS then disables the acknowledge functionality from the right-click menu. To restore the original amount later, you will need to manually enter the amount.
  • If desired, you can set a user preference to mark fields for which you overruled the calculated amounts and to list all overruled amounts in the Diagnostics window.
Balance due on extension (Force)
If you enter an amount in this field, UltraTax CS calculates the amount of total tax using the estimated payments and withholding entered, marks the
Calculate extension
 field, completes the
Extended due date
 field, and transfers the amount that you enter in the
Extension payment actually made; reportable on main return
 field.
Additional payment
Enter the payment amount and the date of the payment. This information is used in the calculation of late filing payment penalties and interest, if applicable.

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