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Screen OJTOL - Toledo General Information (1040)

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Overview

Use this screen to complete the Toledo Income Tax Return. If information transferred from UltraTax/1040 doesn't require additional data or coding, UltraTax CS shows it on the form only, not in the input screen.

Return Information

Use this section to enter general information to complete the Toledo Income Tax Return.
Account number
Enter the client's City of Toledo account number(s), if known. The format is xx-xxxx-xxxx.
Part-year resident with Toledo income during nonresident period
Select this field to complete the Toledo nonresident return instead of the resident return. It should be marked when there's Toledo-sourced income during the period of nonresidency.
When this field is unmarked for a part-year resident of Toledo, the application defaults to complete the Toledo resident return. The assumption is that there was no Toledo income during the period when the taxpayer wasn't a resident of Toledo.
Authorize discussion with taxing authority
The default value of whether to authorize another person to discuss this return is established on the federal
1040
 screen,
Allow 3rd party designee to discuss with IRS
. To select a different response for this return, enter
1
 for Yes or
2
 for No in
Authorize discussion with taxing authority
.
General footnote
Enter a footnote in the statement window. This is a schedule that may be printed and attached to the return for informational purposes. The general footnote appears as a separate item in each collation.

Adjustments to Income

Use this section to enter adjustments to complete the Toledo Income Tax Return.
Net operating loss carryforward
This statement is used to complete the Toledo Net Operating Loss Worksheet. Enter the code of the city that is recognizing the loss, the year of loss, and the amount of unused net operating loss from a previous year. Enter the loss carryforward as a positive amount. The worksheet calculates the amount of loss carryforward to be used against the current year income; to use less than that amount, use
To Utilize in (Force)
 to enter a smaller amount or zero (0). Amounts greater than the calculated value can't be used. Unused losses are carried forward to the extent enabled by the city. The number of years for which a net operating loss can be carried forward can be modified in
Setup
,
1040 Individual
,
Ohio Cities
, then
Rates
 window.

Credits

Use this section to enter credits to complete the Toledo Resident Income Tax Return.
Credit for tax paid to other cities
Enter any adjustment to the calculated credit for taxes paid other cities in the statement window. Enter the city name and amount of earned income taxes paid to other cities. This field applies only to residents. Amounts entered in this field are added to the calculated amounts.

Penalty and Interest

Use this section to enter Form TOL 2210 penalty assessment for underpayment of estimated tax, and late payment penalty and interest per instructions. The application doesn't calculate these charges.

Print Options

Use this section to suppress or force printing of the City of Toledo return on a client-by-client basis and to force a due date different from the one calculated.
Suppress or force return printing
To suppress printing this return and its attachments, enter code
1
. To force this return and its attachments to print, enter code
2
. If this field is blank, the return prints only when required. In
Setup
,
1040 Individual
,
Ohio Cities
 tab,
Rates
,
Ohio City Rates
 window,
Printing options
 can be modified to change print requirements for each city.

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