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Screen PHLPmt - Philadelphia BIRT Payments, Extension, Penalties and Int (1065)

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Payments

Paid with extension
Each time you print the extension (via File, then Print Extensions), the application:
  • calculates the extension payment amount and enters it in this box,
  • prints this amount on the main return, not on the extension, and
Alternatively, you can overrule the calculated amount by entering the amount actually paid with the current-year extension in this box. The application 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. The application 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.
Application of current overpayment
The code options instruct the application how to apply any current-year overpayment. The code affects the information that prints on Form BIRT, line 10. The overpayment options are listed in the fieldview and in the following table.
Code
Result
1
Refund 100 percent of the overpayment. This is the default option.
2
Apply the portion of the overpayment shown in the Amount to apply to current NPT box to the current Business Income & Receipts Tax or in the Amount to apply to next year BIRT box to next year, and refund any excess.

Extension

Calculate extension payment
Enter
1
 or
2
 to calculate the extension coupon and extend the return to the extended federal date or the 60-day automatic extension, respectively. Select F4 to view the choices. To print the extension, select File, then Print Extensions.
note
The application also enters the due date in
Extended due date
.
Extended due date
If an extension is printed by selecting File, then Print Extensions, or a code is entered in
Calculate extension payment
, the extended due date appears. When this box is completed and
Date return filed
 is blank, the application uses the date in this box to calculate penalties and interest and the extended due date is also reflected in the filing instructions.
Estimated business income and receipts (Force)
If you enter an amount here, the application enters this amount on Form BIRT Payment as 100 percent estimated 2015 Business Income & Receipts tax due, enters
1
in
Calculate extension payment
, and completes
Extended due date
.
Balance due on extension (Force)
If an amount is entered, the application displays the amount on the Business Income & Receipts Tax Extension Coupon and enters the amount in
Paid with extension
.

Penalties and Interest

Date return filed
If the date entered is later than the return due date, the application calculates the penalty for failure to file and late-filing interest on the Form BIRT Late Filing Interest and Penalty Worksheet. If you leave this box blank, it defaults to the due date (original or extended) of the return. The application prints the calculated amount on Form BIRT / BIRT-EZ, line 8.
Suppress penalties on Philadelphia BIRT: Late interest
Enter
X
to suppress the late payment interest on the return. The application prints the Form BIRT Late Filing Interest and Penalty Worksheet if this box is blank and late interest is due. The Form BIRT Late Filing Interest and Penalty Worksheet also prints if
Failure to Pay
 is blank and failure to pay penalty exists.
Suppress penalties on Philadelphia BIRT: Failure to pay
Enter
X
to suppress the failure to pay penalty on the return. The application prints the Form BIRT Late Filing Interest and Penalty Worksheet if this box is blank and failure to pay penalty is due. The Form BIRT Late Filing Interest and Penalty Worksheet also prints if
Late interest
 is blank and late interest exists.
note
The application prints the Form BIRT Late Filing Interest and Penalty Worksheet when penalties or interest exist. If the
Late interest
 and
Failure to pay
 boxes are both marked, the Form BIRT Late Filing Interest and Penalty Worksheet doesn't print.

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