Estimates that print when not required
UltraTax CS automatically prints estimates if there's an overpayment applied and the overpayment doesn't cover the current-year tax.
note
If the corporation's income is expected to change in the next year so that estimates aren't required, enter
2
in the Form 1120-W - declaration for next year
field in the Est
screen. Then, enter a negative adjustment in the Amount to adjust current year liability (Code 2)
field for the difference between the current-year liability and next year's expected liability.
