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Screen MOCPen - Missouri Composite Penalties and Interest (1120)

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General Information

Date return filed, if different from original due date
Enter the date the return is filed. If the date you enter in this field is later than the return due date, the application automatically calculates the penalty for failure to file, the penalty for failure to pay, and the interest on the underpayment. 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 ASAP 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).
Suppress penalties on return: Underpayment of estimated tax
Enter
X
 to suppress the printing of Form MO-2210 and the calculation of the Form MO-2210 penalty on the return. The application prints Form MO-2210 if this field is blank and the underpayment penalty is due.
note
The application prints Form MO-2210 whenever a penalty exists. If the underpayment of estimated tax suppression checkbox is marked, Form MO-2210 will not print. To suppress the penalty, but print the form, enter
X
 in the
Underpayment of estimated tax
 field, and then choose Setup and then 1120 Corporation. In the Missouri tab, select the Tax Return button. Select Form MO-2210 and select 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 late payment interest on the return. The application prints the MO Composite Late Filing Interest and Penalty Worksheet if this field is blank and late interest is due. The MO 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 failure to file penalty on the return. The application prints the MO Composite Late Filing Interest and Penalty Worksheet if this field is blank and the failure to file penalty is due. The MO 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 failure to pay penalty on the return. The application prints the MO Composite Late Filing Interest and Penalty Worksheet if this field is blank and the failure to pay penalty is due. The MO 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 application prints the MO 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 all marked, the MO Composite Late Filing Interest and Penalty Worksheet will not print. To suppress the late interest, failure to file penalty, and failure to pay penalty on the return, but print the worksheet, mark the
Late interest
,
Failure to file
, and
Failure to pay
 checkboxes, and then choose Setup and then 1120 Corporation. In the Missouri tab, select the Tax Return button. Select MO Composite Late Filing Interest and Penalty Worksheet and choose the
Always if data
 option to force the application to always print the worksheet when it contains relevant data.

Annualized Income Installment Method

Annualized taxable income: 3 months / 5 months / 8 months
Enter the amount of Missouri annual taxable income and actual taxable income for each period to calculate the MO Exceptions Worksheet.

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