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Screen MEWHPmt - Maine Withholding Payments and Extension (1120)

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Payments

Total, or / 1st - 5th payment
Enter the total of all estimates made for the tax year in the
Total, or
 field. This amount transfers to Form 941P-ME. Enter actual amounts of estimated tax in the
1st payment
 through
5th payment
 fields to override the way the total is applied to all quarters. Once amounts are entered in any of the individual payment fields, the value in the
Total, or
 field is ignored for purposes of calculating Form 941P-ME. The 1st 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 estimated due dates, enter the actual dates of the payment in the fields provided.
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
Amount Paid
 aren't overwritten when the
Treat calculated amounts as paid
 field is marked.
Paid with extension
Each time you print the extension (via
File
,
Print Extensions
):
  • The extension payment amount calculates and is entered in this field, and
  • This amount prints on Form 941P-ME, Page 1, not on Form 901ES-ME.
Alternatively, you can overrule the calculated amount by entering the amount actually paid with the current-year extension in this field. The new amount is then displayed 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 acknowledge functionality is then turned off from the right-click menu. To restore the original amount later, you'll need to enter it manually.
  • 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.
Tax withheld by lower tier entities
Enter the name, EIN, and amount withheld by a lower tier entity in the statement.

Extension

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 automatically appears in this field. Otherwise, enter the date to be used as the extended due date when calculating the late filing penalties and in the filing instructions. If this field is blank, the return is assumed not to have been put on extension.
Balance due on extension (Force)
If an amount is entered in this field, the amount of total tax calculates using the estimated payments entered, completes the
Extended due date
 field, and enters the amount in the
Paid with extension
 field.

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