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Screen NDPmt - North Dakota Payments, Extension, Penalties and Interest (1065)

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Payments

Total, or / … / 5th payment
Enter the total of all estimates made for the tax year in
Total, or
. UltraTax CS includes this amount on Form 58, Page 1, line 5. To override the way UltraTax CS applies the total to all quarters, enter actual amounts of estimated tax paid 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
 for purposes of calculating Form 58, Page 1, line 5.
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 weren't made on the estimate due dates, enter the actual dates of payment in the boxes provided.
Treat calculated amounts as amounts paid
If the return was completed using last year’s application and estimates were calculated for the composite return current year, UltraTax CS proformas the amounts into the
Calculated Amount
 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
Amount Paid
 boxes.
Amount 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'll 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've printed an extension by selecting File, then Print Extensions, a 5-month extended due date automatically appears in this box. Otherwise, enter the date that is to be used as the extended due date in the filing instructions.
Balance due on extension (Force)
If you enter an amount in this box, UltraTax CS displays this amount on Form 58-EXT as balance due, completes
Extended due date
, and displays the amount in
Amount paid with extension
.

Penalties and Interest

Date return filed
If the date entered in this box is later than the return due date, UltraTax CS automatically calculates the failure to file penalty and late payment interest. If this box is blank, UltraTax CS defaults to the due date of the return.
Suppress penalties on return: Late interest
Enter
X
 to suppress the late payment interest on the return. UltraTax CS prints the ND Late Filing Interest and Penalty Worksheets if this box is blank and late interest is due. The ND Late Filing Interest and Penalty Worksheets also print if
Failure to file
 is blank and a failure to file 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 ND Late Filing Interest and Penalty Worksheets if this box is blank and the failure to file penalty is due. The ND Late Filing Interest and Penalty Worksheets also print if
Late interest
 is blank and late payment interest exists.
note
UltraTax CS prints the ND Late Filing Interest and Penalty Worksheets when a penalty or interest exists. If the
Late interest
 and
Failure to file
 checkboxes are both marked, the ND Late Filing Interest and Penalty Worksheets won't print.

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