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Screen NYMTAEst - New York MTA Surcharge Payments (1120)

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Payments

Prior year overpayment
Enter any prior year overpayment. The amount entered in this field transfers to Form CT-3-M, Page 4 or CT-184-M, Page 2 and automatically treats the amount as a first-quarter payment for purposes of calculating Form CT-222. Don’t include this amount again in the
1st payment
 field.
Treat calculated amounts as paid
The application proformas the estimated payments calculated in the prior-year application 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 are not overwritten when
Treat calculated amounts as paid
 field is marked.
1st - 5th payment
Enter the estimates made for the tax year in the
Amount Paid
 column. These amounts transfer to the Composition of prepayments section of the return and Form CT-222. The first four fields in the
Date Paid
 column default to the respective quarters’ due dates and the fifth payment date defaults to the fourth quarter date. If the payments were not made on the estimate due dates, enter the actual dates of payment in the fields provided.
Paid with extension
Each time you print the extension (via the File then Print Extensions), the application:
  • calculates the extension payment amount and enters it in this field, and
  • prints this amount on the main return, not on Forms CT-5, CT-5.9 or CT-5.3.
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
Notes
  • To delete the overruled amount and restore the original calculated amount, right-click the field and select
    Delete overrule
    .
  • To verify 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 will need to enter it manually.
  • If desired, you can set a user preference to select fields for which you overruled the calculated amounts and to list all overruled amounts in the Diagnostics window.

Form CT-183-M Payments

Paid with extension
Each time you print the extension (via the
File
 then
Print Extensions
), the application:
  • calculates the extension payment amount and enters it in this field, and
  • prints this amount on Form CT-183-M, not on Form CT-5.9.
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
Notes
  • To delete the overruled amount and restore the original calculated amount, right-click the field and select
    Delete overrule
    .
  • To verify 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 will need to enter it manually.
  • If desired, you can set a user preference to select fields for which you overruled the calculated amounts and to list all overruled amounts in the Diagnostics window.

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