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Screen WVExt - West Virginia Extension (1040)

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Overview

Use this screen to complete the WV4868 Application for Extension of Time to File. If information transferred from UltraTax/1040 doesn’t need more data or coding, UltraTax/1040-WV shows it on the form only, not in the input screen.

Extension information

Use this section to calculate the extension form and extend the due date of the return.
Calculate extension
Enter
X
 to calculate the extension, WV4868. To print the extension, select
File
, then
Print Extensions
. UltraTax CS also enters the proper due date in the
Extended due date
 field.
Extended due date
If you print an extension by selecting
File
,
Print Extensions
, or make an entry in the
Calculate extension
 field, the extended due date automatically displays in this field. Otherwise, the date you enter 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
, 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 select
    Delete overrule
    .
  • To verify 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.
  • ou 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.
Estimate of total tax liability (Force)
If you enter an amount in this field, UltraTax CS enters
X
 in the
Calculate extension
 field, completes the
Extended due date
 field and uses the amount entered as the tax liability on Schedule L.
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. This information is used in the calculation of late filing payment penalties and interest.

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