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Screen NHBExt - New Hampshire Business Extension and Payments (1040)

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Overview

Use this screen to complete Form BT-EXT. If information transferred from UltraTax/1040 doesn't require additional data or coding, UltraTax/1040-NH shows it on the form only, not in the input screen.

Business Extension

Use this section to calculate the extension form and extend the due date of the taxpayer return.
Calculate extension
Enter
X
 to calculate the extension. To print the extension, select
File
, then
Print Extensions
. UltraTax CS also enters the due date in
Extended due date
.
Extended due date
If an extension is printed by select
File
, then
Print Extensions
, or an entry is made in
Calculate extension
, the extended due date automatically appears in this field. Otherwise, the date manually entered in this field 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
File
, then
Print Extensions
), UltraTax CS: calculates the extension payment amount and enters it in this field, and prints this amount on Form BT-Summary, 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 shows the new amount in black.
note
  • To delete the overruled amount and restore the original calculated amount, right-click the field and select
    Delete overrule
    .
  • To verify the accuracy of the overruled amount, right-click the field and select
    Acknowledge overruled data
    . UltraTax CS then turns off the acknowledge functionality from the right-click menu. To restore the original amount later, you'll need to enter it manually.
  • 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.
Estimate of total tax liability (Force)
If you enter an amount here, UltraTax CS enters
X
 in
Calculate extension
, completes
Extended due date
, and uses the amount entered as the tax liability on the extension.
Balance due on extension (Force)
If you enter an amount here, UltraTax CS calculates the amount of total tax using the estimated payments and withholding entered, marks
Calculate extension
, completes
Extended due date
, and transfers the amount that you enter in
Extension payment actually made; reportable on main return
.
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.
EFT payments (balance due)
Use this field to enter the amount of balance due paid via electronic funds transfer (EFT).

Business Payments

Use this section to enter business tax estimate payments for taxpayer and spouse. UltraTax CS uses this information to complete Forms BT-Summary, BT-EXT, and DP-2210 / 2220.
Treat calculated amounts as paid
UltraTax CS proformas the estimated payments calculated in the prior year’s UltraTax CS to the
1st - 4th payment
 fields. Enter
X
 to transfer amounts from these fields to the
Individual amounts paid, if unequal or not timely
 fields.
note
  • Amounts entered in the
    Individual amounts paid, if unequal or not timely
     fields aren't replaced when
    Treat calculated amounts as paid
     is marked.
  • When
    Date
     is blank, the first payment date defaults to the first-quarter due date, the second payment to the second-quarter due date, and so on.

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