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Screen NMExt - New Mexico Extension (1040)

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Overview

Use this screen to complete Form RPD-41096, Application for Extension of Time to File. If information transferred from UltraTax/1040 doesn't require additional data or coding, UltraTax/1040-NM displays it on the forms only, not in the input screen.

Extension Information

Use this section to calculate an extension and extend the due date of the return.
Calculate extension
Use the fieldview to select the type of extension to be filed. If you enter
1
 or
2
 in the
Calculate extension
 field, UltraTax CS automatically defaults the
Extended due date
 field to the date for the option selected. To print the extension, select
File
, then
Print Extensions
. UltraTax CS also enters the applicable due date in the
Extended due date
 field.
Reason for extension
Enter the reason for the extension in the statement window.
Extended due date
If an extension is printed by selecting
File
, then
Print Extensions
, or an entry is made in the
Calculate extension
 field, the extended due date automatically displays 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 the
File
,
Print Extensions
 option), UltraTax CS:
  • Calculates the extension payment amount and enters it 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 select
    Delete overrule
    .
  • To confirm the accuracy of the overruled amount, right-click the field and select
    Acknowledge overruled data
    . UltraTax CS then disables 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 transferred 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. UltraTax CS uses this information to calculate late filing payment penalties and interest, if applicable.

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