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Screen CACPmt - California Composite Payments and Extension (1120)

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Payments

Prior year overpayment
Enter the prior-year overpayment. The amount transfers to Side 2 of Form 540NR. Don't include this amount again in the
1st payment
 field.
Total, or / Specific payments if unequal or not timely: 1st-5th payment
Enter the total of all estimates made for the tax year in the respective
Total, or
 fields. The application transfers this amount to Side 2 of Form 540NR and applies it equally when calculating interest and penalties. To override the way the application applies the total to all quarters, enter the actual amount of estimated tax for the
1st payment
 through
5th payment
. Once amounts are entered in any of the individual payment fields, the application ignores the value in the
Total, or
 field for purposes of calculating interest and penalties.
Treat calculated amounts as paid
The estimated payments calculated in the prior year application proforma to the
Calculated Amount
 fields. Enter
X
 to transfer amounts from the
Calculated Amount
 fields to the
Amount paid
 fields.
note
Amounts entered in the
Amount Paid
 fields won't be overwritten when the
Treat calculated amounts as paid
 field is marked.
1st payment / … / 5th payment
To override the way the application applies the total to all quarters, enter actual amounts of estimated tax in the
1st payment
 through
5th payment
 fields. Once you enter amounts in any of the individual payment fields, the application ignores the values in the
Total
 fields for purposes of calculating Side 2 of Form 540NR, and Form 5805.
The first 4 fields in the Date paid column default to the respective quarters’ due dates, and the 5th payment date defaults to the 4th-quarter date. If the payments weren't made on the estimate due dates, enter the actual dates of payment in the fields provided.
Paid with extension, for page 2 of the return
Each time you print the extension (via
File
,
Print Extensions
), the application:
  • Calculates the extension payment amount and enters it in this field, and
  • Prints this amount on Form 540NR, not on Form 3519.
Alternatively, you can overrule the calculated amount by entering the amount actually paid with the current-year extension in this field. The application then displays the new amount in black.
note
  • To delete the overruled amount and restore the original calculated amount, right-click the field and select
    Delete overrule
    .
  • To confirm the accuracy of the overruled amount, right-click the field and select
    Acknowledge overruled data
    . The application then disables 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 fields for which you overruled the calculated amounts and to list all overruled amounts in the Diagnostics window.
Nonresident withholding: Total, or / 1st / 4th payment
Enter the total of all nonresident withholding made for the tax year in the
Total, or
 field. The application transfers this amount to Side 2 and applies it equally to all quarters for purposes of calculating Form 5805. To override the way the application applies the total to all quarters, enter actual amounts of nonresident withholding in the
1st payment
 through
4th payment
 fields. Once you enter amounts in any of the individual payment fields, the application ignores the values in the
Total, or
 fields for purposes of calculating Side 2 of Form 540NR and Form 5805.

Extension

Use this section to complete Form 3519 and to extend the due date of the return.
To print Form 3519, select
File
,
Print Extensions
.
If a blank extension form is desired, use
Help
,
Tax Subject Index
,
Web Form Instructions
 to link to Form 3519 from the California website. The extension form produced by the application isn't approved for handwritten use.
note
The California Franchise Tax Board doesn't want extension forms filed with no amounts due. If a payment isn't required with the extension, then don't file Form 3519.
Calculate extension payment
Enter
1
 or leave this field blank to have the application calculate the extension at 100 percent of the current year liability. Enter
2
 to have the application calculate the extension at 90 percent of the current year liability. When this option is selected, interest is assessed on the remaining 10 percent of the balance due.
Extended due date
If you've printed an extension by selecting
File
, then
Print Extensions
 or have entered an amount in the
Balance due on extension (Force)
 field, the extended due date displays in this field. Otherwise, enter the date to be used as the extended due date in the calculation of late filing penalties and in the filing instructions. If this field is blank, it's assumed that the return wan't put on extension.
Balance due on extension (Force)
If an amount is entered in this field, the application calculates the amount of total tax using the estimated payments and withholding entered, completes the
Extended due date
 field, and enters the amount in the Payments section.

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