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Prepare a 1040 Tennessee extension

Summary

Use the
TNExt
 screen in the Payments folder to generate the Form INC 251 extension request or payment voucher. The Tennessee Department of Revenue may waive certain penalties if a taxpayer files an extension request, provided that they meet other criteria. One of the key steps to having the penalty waived is to file an extension request by the original due date. You can use Tennessee Form INC 251 for both the extension request and the accompanying voucher for making an extension payment.
Details on the Form INC 251 extension request/payment voucher and filing criteria:
  • The Tennessee Department of Revenue accepts a Form INC 251 voucher filed on paper with or without payment.
  • The Department of Revenue doesn’t accept federal Form 4868 as the extension request.
  • The Tennessee Department of Revenue supports the electronic filing of Form INC 251.
  • The Tennessee Department of Revenue also provides the means to make extension payments via the Department's website.

Payments and filing criteria

Taxpayers who don’t pay all of their income tax by the original return due date are usually subject to a late penalty. However, the Tennessee Department of Revenue waives certain late penalties on the unpaid balance of tax that is due as of the April deadline if the taxpayer meets all of the following criteria.
  • The taxpayer files Tennessee Form INC 251 by the original due date.
  • The taxpayer files Form INC-250 by the extended due date.
  • The taxpayer pays the remainder of the tax due by the extended due date.

Enter extension data

Use the following information to complete the Form INC 251, Application for Extension of Time to File.
There are various approaches to preparing an extension.
  • To have UltraTax CS calculate a balance due with extension based on current data entry and calculations on the return:
    1. Enter
      X
       in the
      Calculate Extension
       field on the
      TNExt
       screen.
    2. Select
      Setup
      , then
      1040 Individual
      .
    3. Select the
      Federal
       tab, then
      Extensions
       to select the method for calculating the extension payment amount.
      note
      When using
      File
      ,
      Print Extensions
       to select multiple clients at once for electronic filing, the application marks the
      Calculate Extension
       field if the
      Create an extension without total tax liability amounts
       checkbox isn't marked.
  • To force the extension payment amount with Form INC 251: Enter an amount in the
    Balance due on extension (Force)
     field on the
    TNExt
     screen.
  • To let the taxpayer decide the extension payment amount, leave the
    Calculate extension
     and
    Balance due on extension (Force)
     fields blank on the
    TNExt
     screen. With this option, UltraTax CS leaves the payment amount field blank on Form INC 251.
    note
    Per the Tennessee Department of Revenue specifications, UltraTax CS won’t generate an electronic extension without a payment amount. You need to file extensions without a payment amount on paper.

Print the extension

Select
File
, then
Print Extensions
 to print Form INC 251 when data entry is complete on the
TNExt
 screen.

Prepare the return after filing an extension payment

When preparing an extended return, ensure you have the following information from the extension.
  • The amount paid with the extension is reported on Form INC 250. Enter the amount on the
    TNExt
     screen in the
    Extension payment actually made; reportable on main return
     field. Note that UltraTax CS populates this field when you create the extension if the application calculated the extension payment amount or if you forced the extension payment amount. Change the data entry for this amount if the taxpayer paid some other amount. If you filed an extension via some means other than UltraTax CS, enter the actual amount paid with the extension in the
    Force
     field. By doing so, this will automatically complete data entry in other fields, including fields for extended due date and amount actually paid with extension.
  • Enter the
    Date return filed
     on the
    TNPen
     screen. If the date exceeds the extended due date, UltraTax CS calculates a late penalty on the unpaid balance due.
  • The Tennessee Department of Revenue requests that you attach Form INC 251 to Form INC 250 when filing the main return.

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