Screen NHPen - New Hampshire Penalties and Interest (1040)

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Overview

Use this screen to complete Form DP-2210/2220 NH Exceptions and Penalty for the Underpayment of Estimated Tax, and the NH Late Filing Interest and Penalty Worksheets.

General Information

Use this section to enter information for the calculation of Form DP-2210 / 2220 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 the interest on the underpayment. If you leave this field blank, it defaults to the due date (original or extended) of the return.
Suppress penalties on return
To suppress specific penalties, mark the field.

Underpayment of Estimated Tax

Use this section to enter information for the calculation of Form DP-2210 / 2220 exceptions to penalties.
tax
Use this field to enter the amount of the NH tax if this amount hasn't been proforma'd. UltraTax CS uses this information to calculate exceptions to the NH underpayment penalty.
tax base
If you enter information here, UltraTax CS calculates Exception (b), Prior Year's Tax Base and Facts Using Current Year's Rate for Form DP-2210 / 2220.

Annualized Income

Use this section to enter information for the calculation of Form DP-2210 / 2220 penalties when income and deductions occur unevenly during the year. UltraTax CS automatically enters the fourth quarter of annualized income and deductions on Form DP-2210 / 2220.
Income
If you enter the annualized income for the first, second, and third quarters in the fields provided, UltraTax CS calculates the New Hampshire Interest and Dividend Annualized Income Method Worksheet. The worksheet transfers the annualized tax to Form DP-2210 / 2220 for exception C.

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