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Screen CALPmt - California Payment, Estimate, Ext, Use Tax, Pen & Int (1065)
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Payments
Amount of prior year overpayment applied to current year tax
Enter any prior-year overpayment of tax. UltraTax CS applies it to the current-year tax and transfers the amount to Form 568, Page 1.
Amount of prior year overpayment applied to current year fee
Enter any prior-year overpayment of the fee. UltraTax CS applies it to the current-year fee and transfers the amount to Form 568, Page 1.
Use calculated current year estimated fee as amount paid / Calculated amount
If last year’s return was completed using the prior year version of UltraTax CS and the estimated fee was calculated for the current year, UltraTax CS proformas the amount to
Calculated Amount
. If there hasn't been data entry for the estimated fee, enter X
in the Use calculated current year estimated fee as amount paid
box to move the calculated amount into Amount Paid
.Amount paid with extension
Each time you print the extension (via the
File
,Print Extension
option), UltraTax CS:- calculates the extension payment amount and enters it in this box, 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 box. UltraTax CS then shows the new amount in black.
When you overrule the calculated amount, UltraTax CS no longer issues the FYI diagnostic message indicating that you need to verify the amount paid with the extension before filing the return.
note
- To delete the overruled amount and restore the original calculated amount, right-click the box and selectDelete overrule.
- To confirm the accuracy of the overruled amount, right-click the box and selectAcknowledge 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 boxes for which you overruled the calculated amounts and to list all overruled amounts in theDiagnosticswindow.
Estimates
Amount of current year overpayment to apply to next year’s tax
Enter the amount of the tax overpayment to apply to next year’s tax.
Suppress printing of next year Form 3522
Enter
X
if you don't want to print Form 3522 with the return. If the return is marked as Final, Form 3522 is automatically suppressed.Balance due of Form 3522 (Force)
The amount you enter displays on Form 3522.
Amount of current year overpayment to apply to next year’s estimated fee
Enter the amount of the fee overpayment to apply to next year’s fee.
Calculate estimated fee (Form 3536)
Enter
X
to calculate and print Form 3536, Estimated Fee for LLCs, and appropriate filing instructions.Balance due on Form 3536 (Force)
UltraTax CS automatically calculates the estimated fee. If you want to use a different amount for Form 3536, enter it here.
Extension
Extended due date
If you printed an extension by selecting
File
, then Print Extensions
, the extended due date automatically appears in this box. When this box is completed and Date return filed
is blank, UltraTax CS uses this date in this box to calculate penalties and interest. The extended due date also is reflected in the filing instructions.Balance due on extension (Force)
If you enter an amount here, UltraTax CS enters the amount on Form 3537, completes the
Extended due date
box, and displays the amount in the Amount paid with extension
box.note
UltraTax CS also enters the applicable due date in the
Extended due date
box.Form 3522 printed with extension; suppresses printing of Form 3522
Enter
X
if you don't want to print Form 3522 with the return. UltraTax CS automatically marks this box if you printed Form 3522 by choosing File
,Print Extensions
.Form 3536 printed with extension; suppresses printing of Form 3536
Enter
X
if you don't want to print Form 3536 with the return. UltraTax CS automatically marks this box if you printed Form 3536 by choosing File
,Print Extensions
.Penalties and Interest
Date return filed
If the date you enter here is later than the return due date, the interest and penalties for failure to file, for failure to pay, and late-filing interest calculate automatically. If you leave this box blank, it defaults to the due date of the return.
UltraTax CS prints interest and penalty amounts on Page 1 with the following identifying codes.
Code | Penalty |
|---|---|
FTF | Failure to file |
FTP | Failure to pay |
INT | Interest due |
TOT | Total amount due including penalty and interest |
Suppress penalties on return: Late interest: Fee (568)
Enter
X
to suppress the late payment interest on the return. UltraTax CS prints the CA Late Filing Interest and Penalty Worksheets if this box is blank and late interest is due. The CA Late Filing Interest and Penalty Worksheets will also print if the Failure to file
or Failure to pay
boxes are blank and a failure to file or failure to pay penalty exists.Suppress penalties on return: Late interest: Tax (3522)
Enter
X
to suppress the late payment interest on the return. UltraTax CS prints the CA Form 3522 Late Filing Interest and Penalty Worksheets if this box is blank and late interest is due. The CA Form 3522 Late Filing Interest and Penalty Worksheets will also print if the Failure to pay
box is blank and a failure to pay penalty exists.Suppress penalties on return: Failure to file: Fee (568)
Enter
X
to suppress the failure to file penalty on the return. UltraTax CS prints the CA Late Filing Interest and Penalty Worksheets if this box is blank and the failure to file penalty is due. The CA Late Filing Interest and Penalty Worksheets will also print if the Late interest
or Failure to pay
boxes are blank and late payment interest or a failure to pay penalty exists.Suppress penalties on return: Failure to pay: Fee (568)
Enter
X
to suppress the failure to pay penalty on the return. UltraTax CS prints the CA Late Filing Interest and Penalty Worksheets if this box is blank and the failure to pay penalty is due. The CA Late Filing Interest and Penalty Worksheets will also print if the Late interest
or Failure to file
boxes are blank and late payment interest or a failure to file penalty exists.note
UltraTax CS prints the CA Late Filing Interest and Penalty Worksheets when penalties or interest exist. If the
Late interest
, Failure to file
, and Failure to pay
boxes are all marked, the CA Late Filing Interest and Penalty Worksheets won't print.Suppress penalties on return: Failure to pay: Tax (3522)
Enter
X
to suppress the failure to pay penalty on the return. UltraTax CS prints the CA Form 3522 Late Filing Interest and Penalty Worksheets if this box is blank and the failure to pay penalty is due. The CA Form 3522 Late Filing Interest and Penalty Worksheets will also print if the Late interest
box is blank and late payment interest exists.note
UltraTax CS prints the CA Form 3522 Late Filing Interest and Penalty Worksheets when penalties or interest exist. If the
Late interest
and Failure to pay
boxes are all marked, the CA Late Filing Interest and Penalty Worksheets won't print.