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Screen DECEst - Delaware Composite Estimates (1065)

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Estimates

Form 200C-ES - declaration for next year
Codes
1
,
2
,
3
,
4
, or
9
 indicate which method you want to use to determine the amount of next year’s estimated tax. If you leave this field blank, UltraTax CS will not generate estimate coupons or estimate filing instructions. To enter the Form 200C-ES declaration one time for all new clients, go to
Setup
 and select
1065 Partnership
. On the Delaware tab, select
New Client Options
. The options for the
Form 200C-ES - declaration for next year
 field are listed in the following table.
Code
Result
1
Use the current year liability; if less than $400, use zero.
note
If the current year’s liability is less than the minimum filing requirements, the coupons do not print.
2
Use the current year liability adjusted by amount below. If you select this option, also enter an adjustment to the current year liability in the
Amount for code #2
 field. If the adjustment represents a decrease, enter a negative amount.
3
Use the current year liability even if it is less than $400.
4
Print coupons with amount fields blank. If you select this option, the application prints estimate coupons with the amount fields blank.
9
Use amounts entered below. If you select this option, also enter amounts in the
Amts for code 9
fields.
Amts for Code 9
Use these fields to specify the estimate amounts for each quarter.
If code
9
 is entered in the
Form 200C-ES - declaration for next year
 field, enter the desired quarterly payments in these fields. UltraTax CS does not adjust these amounts by any overpayment applied, if applicable, and prints these amounts on the coupons.
Estimates Paid
Use these fields to specify the amounts already paid for each estimate. These amounts are subtracted from the calculated quarterly gross estimated tax liability to determine the net coupon amounts.
Number of coupons desired next year
The number of estimated payments defaults to
4
. To specify fewer than four coupons, enter a code. UltraTax CS applies the overpayment and amounts already paid toward next year’s estimates to each coupon, based on the overpayment code and the quarter in which the amounts were paid. The options for the number of coupons appear in the following table.
Code
Result
4
Four coupons are generated. This option is the default.
3
The last three coupons are generated. Any unpaid balance from the first estimate is included in the second estimate coupon.
2
The last two coupons are generated. Any unpaid balance from the first or second estimate is included in the third estimate coupon.
1
The last coupon is generated. 100 percent of the gross estimated tax liability is allocated to the fourth coupon.
A
First coupon. 100 percent of the gross estimated tax liability is allocated to the first coupon.
B
Second coupon. 100 percent of the gross estimated tax liability is allocated to the second coupon.
C
Third coupon. 100 percent of the gross estimated tax liability is allocated to the third coupon.
Amount to round up each estimate
This field allows you to enter a rounding multiple for the estimated payments. If you leave this field blank, UltraTax CS automatically rounds each estimated payment up to the next dollar. To enter an amount to round up each estimate one time for all new clients, go to
Setup
 and select
1065 Partnership
. On the
Delaware
tab, select
New Client Options
.

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