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Screen ALCPen - Alabama Composite Penalties and Interest (1120)

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General Information

Date return filed, if other than due date of return
If the date entered is later than the return due date, the application automatically calculates the penalty for failure to pay, the penalty for failure to file, and the interest on the underpayment. If this field is blank, it defaults to the original due date of the return.
Suppress penalties on return: Late interest
Enter
X
 to suppress the late payment interest on the return. The application prints the AL Composite Late Filing Interest and Penalty Worksheet if this field is blank and late interest is due. The AL Composite Late Filing Interest and Penalty Worksheet also prints if the
Failure to file
 or
Failure to pay
 fields 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. The application prints the AL Composite Late Filing Interest and Penalty Worksheet if this field is blank and the failure to file penalty is due. The AL Composite Late Filing Interest and Penalty Worksheet also prints if the
Late interest
 or
Failure to pay
 fields are blank and late interest or a failure to pay penalty exists.
Suppress penalties on return: Failure to pay
Enter
X
 to suppress the failure to pay penalty on the return. The application prints the AL Composite Late Filing Interest and Penalty Worksheet if this field is blank and the failure to pay penalty is due. The AL Composite Late Filing Interest and Penalty Worksheet also prints if the
Late interest
 or
Failure to file
 fields are blank and late interest or a failure to pay penalty exists.
note
The application prints the AL Composite Late Filing Interest and Penalty Worksheet when penalties or interest exist. If the
Late interest
,
Failure to file
 and
Failure to pay
 checkboxes are marked, the AL Composite Late Filing Interest and Penalty Worksheet does not print. To suppress the late interest, failure to file and failure to pay penalties on the return, but print the worksheet, mark the
Late interest
,
Failure to file
and
Failure to pay
 checkboxes, then choose Setup > 1120 Corporation. In the Alabama tab, click the Tax Return button. Highlight AL Composite Late Filing Worksheet and click the
Always if data
 option to force the application to always print the worksheet when it contains relevant data.

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