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Screen WIEst - Wisconsin Entity-Level Estimates (1065)

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Overview

Use this screen to complete Schedule WB.

Estimates

Enter code 1 through 5, or 9 to select a method to determine the amount of the next year’s estimated tax. The options for the
Form PW-ES - declaration for next year
 field are listed in the fieldview and in the following table.
Code
Result
1
Use the current-year liability. If less than $500, use 0.
note
If the current year’s liability is less than the minimum filing requirements, estimates are not generated.
2
Use the current-year liability adjusted by the amount below. 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 less than $500. The application produces vouchers even when the total liability is less than the minimum amount required.
4
Print vouchers with amount fields blank. The application prints estimate vouchers with the amount fields blank.
5
Use amounts entered below, before overpayment. The application uses the amounts entered in the
Amts for Codes 5 and 9
 or
Estimates Paid
 fields on the vouchers.
9
Use amounts entered below. Enter amounts in the
Amts for Codes 5 and 9
or
Estimates Paid
 fields to enter estimated payments for each quarter.
Amt for Code 9
Use these fields to specify the estimate amounts for each quarter.
If code 9 is selected in the
Form 3-ES - declaration for next year
 field, enter the desired quarterly payments in these fields.
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 voucher amounts.
Number of vouchers desired
The number of estimated vouchers in this field defaults to 4. Enter a code in this field to specify fewer than four vouchers. The options for the number of vouchers are listed in the fieldview.
Amount to round up each voucher
This field allows you to enter rounding specifications for the estimated payments. The estimated payments are rounded up to the nearest factor indicated. For example, if you want to round up each estimated payment to the nearest $10, enter 10. If you leave this field blank, the application automatically rounds each estimated payment up to the nearest dollar. To enter an amount to round up each estimate one time for all new clients, select
Setup
 then
1065 Partnership
. In the
Wisconsin
 tab, select
New Client Options
.

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