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Screen NHPmt - New Hampshire Payments, Extension, Penalties and Interest (1065)
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Payments
Prior year overpayment
Enter any prior year overpayment for BET and BPT in these boxes. The amount entered is transferred and automatically treated as a first-quarter payment for purposes of calculating Form DP-2210/2220. Don't include this amount again in
1st payment
.Total, or: / Specific payments if unequal or not timely: 1st - 5th payment
Enter the total of all estimates made for the tax year in the
Total, or
boxes. UltraTax CS transfers these amounts to Form BT-Summary and applies them equally to all quarters for purposes of calculating Form DP-2210/2220. To override the way UltraTax CS applies the total to all quarters, enter actual amounts of estimated tax in the
1st payment
through 5th payment
boxes. If you enter amounts in any of the individual payment boxes, UltraTax CS ignores the value in the Total, or
boxes for purposes of calculating Forms BT-Summary and DP-2210/2220.The first four boxes in the
Date
column default to the respective quarters’ due dates and the fifth payment date defaults to the fourth-quarter date. If the payments were not made on the estimate due dates, enter the actual dates of payment in the boxes provided.Treat calculated amounts as amounts paid / BET Calculated Amt / BPT Calculated Amt
If the return was completed using last year’s UltraTax CS and estimates were calculated for the current year, UltraTax CS proformas the amounts into the
BET / BPT Calculated Amt
boxes. If there hasn't been data entry for estimate payments, enter
X
in Treat calculated amounts as amounts paid
to move the calculated amounts into the BET / BPT Amount Paid
boxes.Paid with extension
Each time you print the extension (via File, then Print Extensions), 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 displays the new amount in black.
note
- To delete the overruled amount and restore the original calculated amount, right-click the box and select Delete overrule.
- To confirm the accuracy of the overruled amount, right-click the box and select Acknowledge overruled data. UltraTax CS then turns off 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 the Diagnostics window.
Extension
Extended due date
If you have printed an extension by choosing 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 the date here to calculate penalties and interest. The extended due date is also reflected in the filing instructions.BET / BPT balance due on extension (Force)
If you enter an amount in these boxes, UltraTax CS displays these amounts on the extension Form BT-EXT, lines 1 and 2, completes
Extended due date
, and displays the sum of these amounts in Paid with extension
.Penalties and Interest
Date return filed
If the date entered here is later than the return due date, UltraTax CS automatically calculates the penalty for failure to pay, the penalty for failure to file, and the late filing interest on Form BT-Summary, lines 4 (a) - (c). If this box is blank, UltraTax CS uses the calculated return due date to calculate interest and penalties.
Prior year tax
Enter last year’s tax. UltraTax CS uses this amount to calculate the exception for prior period’s tax on Form DP-2210/2220.
Prior year less than 12 months
Enter
X
if the preceding tax year was shorter than 12 months. If the prior year was a short year, UltraTax CS doesn't calculate an exception.Prior year base, current year tax
To use the exception for prior year’s tax base using current-year rates, enter the manually calculated tax. UltraTax CS calculates the exception for prior period’s tax base and facts using the current year’s rate on Form DP-2210/2220.
Annualized income method
Enter the manually calculated amounts for each quarter to use the annualized income method. UltraTax CS uses these amounts to calculate the exception for tax on annualized income on Form DP-2210/2220.
Suppress penalties on return: Underpayment of estimated tax
Enter
X
to suppress the printing of Form DP-2210/2220 and the calculation of the Form DP-2210/2220 penalty on the return. UltraTax CS prints Form DP-2210/2220 and includes the underpayment penalty on the return if this box is blank and the underpayment penalty is due.note
To suppress the penalty but print the form, enter
X
in Underpayment of estimated tax
, select Setup, 1065 Partnership, New Hampshire tab, then select Tax Return. Highlight Form DP-2210/2220 and selectAlways if data
to force the application to always print the form when it contains relevant data.Suppress penalties on return: Late interest
Enter
X
to suppress the late payment interest on the return. UltraTax CS prints the NH Business Tax Late Filing Interest and Penalty Worksheet if this box is blank and late interest is due. The NH Business Tax Late Filing Interest and Penalty Worksheet 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: Failure to file
Enter
X
to suppress the failure to file penalty on the return. UltraTax CS prints the NH Business Tax Late Filing Interest and Penalty Worksheet if this box is blank and the failure to file penalty is due. The NH Business Tax Late Filing Interest and Penalty Worksheet will also print if the Late interest
or Failure to pay
boxes are blank and late payment interest or failure to pay penalty exists.Suppress penalties on return: Failure to pay
Enter
X
to suppress the failure to pay penalty on the return. UltraTax CS prints the NH Business Tax Late Filing Interest and Penalty Worksheet if this box is blank and the failure to pay penalty is due. The NH Business Tax Late Filing Interest and Penalty Worksheet will also print if the Late interest
or Failure to file
boxes are blank and late payment interest or failure to file penalty exists.note
UltraTax CS prints the NH Business Tax Late Filing Interest and Penalty Worksheet when penalties or interest exist. If the
Late interest
, Failure to file
, and Failure to pay
checkboxes are all marked, the NH Business Tax Late Filing Interest and Penalty Worksheet won't print.