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Screen DEPen - Delaware Penalties and Interest (1120)

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General Information

Date return filed, if different from original due date
If the date entered in this field is later than the return due date, the application automatically calculates the penalty for failure to pay, for failure to file, and the interest on the late payment of tax. If this field is blank, it defaults to the original due date of the return.
note
Use this field to customize the date due in the filing instruction inserts. Enter the date you want to appear in the filing instruction inserts, and then insert the variable [date filed f/t] in place of the variable [due date f/t] in the filing instruction inserts. If this field is blank, the date defaults to the due date of the return (original or extended). For details, refer to the Client documents overview.
Suppress penalties on return: Underpayment of estimated tax
Enter
X
to suppress the underpayment of estimated tax penalty on the return. The application prints the DE Underpayment Penalty Worksheet if this field is blank and the underpayment penalty is due.
Suppress penalties on return: Late interest
Enter
X
to suppress the late payment interest on the return. The application prints the DE Late Filing Interest and Penalty Worksheet if this field is blank and a late interest penalty is due. The DE 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 DE Late Filing Interest and Penalty Worksheet if this field is blank and the failure to file penalty is due. The DE Late Filing Interest and Penalty Worksheet also prints if the
Late interest
or
Failure to pay
fields are blank and late payment 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 DE Late Filing Interest and Penalty Worksheet if this field is blank and the failure to pay penalty is due. The DE Late Filing Interest and Penalty Worksheet also prints if the
Late interest
or
Failure to file
fields are blank and late payment interest or a failure to file penalty exists.
note
The application prints the DE Late Filing Interest and Penalty Worksheet when penalties or interest exist. If the
Late interest, Failure to file
, and
Failure to pay
 checkboxes are all marked, the DE 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, and then select
Setup
 then
1120 Corporation
. In the Delaware tab, select the
Tax Return
 button. Highlight DE Late Filing Worksheet and select the
Always if data
 option to force the application to always print the worksheet when it contains relevant data.

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