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Screen DCPen - District of Columbia Penalties and Interest (1040)

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Overview

Use this screen to complete Form D-2210, District of Columbia Underpayment of Estimated Income Tax By Individuals, and the District of Columbia Late Filing Interest and Penalty Worksheets.

General Information

Use this section to enter information for calculating Form D-2210 and late filing interest and penalties.
Date return filed
If the date entered here is later than the return due date, UltraTax CS automatically calculates the penalty for failure to pay (FTP), the penalty for failure to file (FTF), and interest on the underpayment. If you leave this field blank, it defaults to the original or extended due date of the return.
The District doesn't permit late filing interest and penalty to be included on the return or in the direct debit payment amount when filing electronically. The late filing interest and penalty worksheet are provided for information only.
Suppress penalties on a return
To suppress D-2210 underpayment of estimated penalties, select the wanted field.
Select either field to suppress printing the Late Worksheet.

Underpayment of Estimated Tax

2024
 tax liability
Enter the
2024
 District of Columbia tax amount if it hasn't been proforma'd. UltraTax CS uses this information to calculate exceptions to the District of Columbia underpayment penalty.
Lived in the District of Columbia the entire 12 months in
2024
Enter
X
 if the filer lived in the District of Columbia for the entire 12 months of the prior year. If the client's tax liability for the prior year was zero and they lived in the District of Columbia for the entire 12 months for the prior year, enter
X
.
Withholding as actually withheld: 1st quarter - 3rd quarter
If District of Columbia withholding wasn't withheld equally throughout the year, enter the amount actually withheld for each period. Amounts entered here transfer to Form D-2210.

Annualized Income Installment Method

Use this section to calculate Form D-2210 penalties when income and deductions occur unevenly during the year. UltraTax CS automatically enters the 4th quarter of annualized income and deductions on Form D-2210.

Waiver of Underpayment Penalty

Use this section to request a waiver of penalty amounts.
Explanation of waiver
Entering an explanation is mandatory if the taxpayer requests waiving an underpayment penalty.
Amount
UltraTax CS displays the amount entered in this field and the text
Waiver
 on Form D-2210, District of Columbia Underpayment of Estimated Income Tax By Individuals. UltraTax CS subtracts this amount from the penalty calculation and transfers the difference to the tax return. Enter information in the
Explanation of waiver
 field to include it in the form calculation.

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