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Screen OREst - Oregon Estimates (1040)

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Overview

Use this screen to complete the Forms 40, 40N, 40P, 40ES, and the Oregon Estimated Tax Payments Worksheet.
note
State payments are entered in the federal StPmt Screen so that the amounts transfer to the federal Schedule A. If payments for this state are entered in more than one of the four sections provided in federal StPmt Screen, be sure to use the same fields for each section. For example, if you use the
Enter total, or
 field in one section, use the
Enter total, or
 field for all sections that pertain to Oregon. Similarly, if you use the
1st
 to
5th
 fields, enter amounts in the payment fields for all sections used for Oregon.

Overpayment Application

Application of
2025
 overpayment
These code options are the same as those in UltraTax/1040. They instruct UltraTax CS how to apply any current-year overpayment. Your decision affects what prints on the return and the calculation of next year's estimated tax payments.
New clients and converted clients may benefit from global options. Choose Setup, 1040 Individual, and then Oregon tab. Select the New Client Options button and enter the code or codes with which the newly created and converted client returns calculate. These input screen fields transfer the global choice to newly created and converted clients. The transferred codes may be changed in these fields if necessary without being overwritten by the global choice made in the Setup Screen. These fields are proforma'd from year to year; therefore, only newly created and converted clients are affected by global options.

Estimates - Calculated

To have UltraTax CS calculate next year's estimated tax liability and required payments, enter option
2
 through
8
 in the
Application of
2025
 overpayment
 field, or make an entry in the
Estimates - declaration for
2026
 field.
note
Using codes 1 and 3 on a tax return that has a Kicker (Oregon surplus) may result in an underpayment of estimated tax in the year following the Kicker. Codes 2 and 6 give an adjustment to be entered for the amount of the taxpayer's Kicker. Code 8 will calculate estimates using the tax liability before the Kicker is applied.
Estimates - declaration for
2026
These codes are the same as those in UltraTax/1040. They tell UltraTax CS which method to use to determine the amount of the next year's estimated tax. If you enter option
2
 through
8
 in the
Application of
2025
 overpayment
 field, UltraTax CS defaults to
1
 in the
Estimates - declaration for
2026
 field. If you leave both of these fields blank, UltraTax CS
does not
 generate estimate vouchers or filing instruction information.
Amounts for code 5 or 9
If you enter code
5
 in the
Estimates - declaration for
2026
 field, enter the quarterly payments. These amounts are adjusted by the overpayment applied and printed on the vouchers.
If you enter code
9
 in the
Estimates - declaration for
2026
 field, enter the wanted quarterly payments. These amounts are not adjusted by the overpayment applied.
Amounts for
2026
 estimates paid
Enter any estimate payments already made toward the next year. These amounts and the applied overpayment subtract from the calculated quarterly gross estimated tax liability to determine the net voucher amounts.
Tax projection options for code 8
If you enter code
8
, Use tax from Tax Projection Worksheet, in the
Estimates - declaration for
2026
 field, choose an option to customize the tax used to calculate next year's estimates. UltraTax CS automatically adjusts the projected tax liability based on the option you choose. To produce a specific refund amount, enter that amount in the
Amount of refund desired
 field.
Number of
2026
 vouchers
The number of estimate vouchers defaults to
4
. Enter a code to specify fewer than four vouchers. The overpayment and amounts already paid toward next year's estimates are applied to each voucher based on the overpayment code and the quarter in which the amounts were paid.
Amount to round up each estimate
This field lets you enter rounding specifications for the estimated payments. The estimated payments can be rounded up to the nearest factor indicated.
For example, if you want to round up each estimated payment to the nearest $10, enter
10
. If you leave this field blank, UltraTax CS automatically rounds each estimated payment up to the next dollar.
Treat 4th quarter estimate as due on 12/31/
2026
Use this field to indicate in the filing instructions that the fourth quarter estimate is due by 12/31. A global default is available for all new clients for all state returns. To select this option, choose Setup, 1040 Individual, Federal tab, and then New Client Options button and mark the
Treat the 4th quarter state estimate as due on December 31st
 checkbox.

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