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Screen HICPen - Hawaii Composite Penalties and Interest (1120)

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General Information

Date return filed, if different from original due date
If the date entered is later than the return due date, the application calculates the late-filing penalty, the late-payment penalty, and the late payment interest. If this field is blank, it defaults to the original due date of the return.
note
Use this field to customize the date due on the filing instructions or filing instruction inserts. Enter the date you want to appear on the filing instructions or filing instruction inserts, and then insert the variable [date filed f/t] in place of the variable [due date ASAP f/t] in the filing instructions or filing instruction inserts. If this field is blank, the date defaults to the due date of the return (original or extended).
Suppress penalties on return: Underpayment of estimated tax
Enter
X
 to suppress the printing of Form N-210 and the calculation of the Form N-210 penalty on the return. The application prints Form N-210 if this field is blank and the underpayment penalty is due.
note
Form N-210 prints whenever a penalty exists, even though this is inconsistent with the form’s instructions. If the
Underpayment of estimated tax
 suppression checkbox is marked, Form N-210 will not print. To suppress the penalty, but print the form, enter
X
 in the
Underpayment of estimated tax
 field, and choose Setup then 1120 Corporation. In the Hawaii tab, select the Tax Return button. Select HI Composite Form N-210 and choose the
Always if data
 option to force the application to always print the form when it contains relevant data.
Suppress penalties on return: Late interest
Enter
X
 to suppress the composite late payment interest on the return. The application prints the Hawaii Composite Late Filing Interest and Penalty Worksheet if this field is blank and late interest is due. The Hawaii Composite Late Filing Interest and Penalty Worksheet will also print 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 composite failure to file penalty on the return. The application prints the Hawaii Composite Late Filing Interest and Penalty Worksheet if this field is blank and the failure to file penalty is due. The Hawaii Composite Late Filing Interest and Penalty Worksheet will also print 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 composite failure to pay penalty on the return. The application prints the Hawaii Composite Late Filing Interest and Penalty Worksheet if this field is blank and the composite failure to pay penalty is due. The Hawaii Composite Late Filing Interest and Penalty Worksheet will also print if the
Late interest
 or
Failure to file
 fields are blank and late payment interest or a failure to file penalty exists.
note
The Hawaii Composite Late Filing Interest and Penalty Worksheet prints when penalties or interest exist. If the
Late interest
,
Failure to file
, and
Failure to pay
 checkboxes are all marked, the Hawaii Composite Late Filing Interest and Penalty Worksheet will not print. To suppress the late interest, failure to file penalty, 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 choose Setup then 1120 Corporation. In the Hawaii tab, select the Tax Return button. Select HI Composite Late Filing Worksheet and choose the
Always if data
 option to force the application to always print the worksheet when it contains relevant data.

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