Skip to main content

Solutions

Products

Recommended products

Questions? We are here to help.
Contact us

Purchase

Questions? We are here to help.

Resources

Screens

Screen TNExt - Tennessee Extension (1040)

Show all hidden content

Overview

Use this screen to enter payments and extension information to calculate Form 251, Application for Extension of Time to File Individual Income Tax Return. Use TNLLCExt Screen to calculate Form 251 for a Limited Liability Company associated with Form 170. A copy of the Form 251 last printed through the extension print utility is printed with the main return; any changes to the extension fields since the last time the extension utility was run suppresses the copy from printing.
Form 251 for individuals may be filed electronically when the balance due on extension is paid by electronic funds withdrawal designated in the electronic file. Data entry is required in TNELF and TNBank Screens to create the electronic file.

Extension

Calculate extension
Enter
X
 to calculate Form INC 251, Application for Extension of Time to File. To print the extension, choose File and then Print Extensions. UltraTax CS automatically enters the applicable due date in the
Extended due date
 field and enters
X
 in the
Calculate extension
 field when an amount is entered in the
Balance due on extension (Force)
 field.
Extended due date
If an extension is printed by choosing File and then Print Extensions, or an entry is made in the
Calculate extension
 field, 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 the File and then Print Extensions), 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 choose Delete overrule.
  • To confirm the accuracy of the overruled amount, right-click the field and choose Acknowledge overruled data. UltraTax CS then disables the acknowledge functionality from the right-click menu. To restore the original amount later, you will need to enter it manually.
  • If desired, 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.
Balance due on extension (Force)
If you enter an amount in this field, UltraTax CS calculates the amounts of the total tax using the estimated payments and withholding you have entered, enters
X
 in the
Calculate extension
 field, completes the
Extended due date
 field, and transfers the amount to the
Extension payment actually made; reportable on main return
 field.
Additional payment
Enter the payment amount and the date of the payment. The amount paid is included as a payment on the return. When the date paid is after the original due date, the amount is not included as a payment in the calculation of an extension. The payment reduces the balance due for late interest and penalty calculations as of the date paid.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close