Triva isn't available right now.
Check out the support page for our phone number and hours
Screen NYPmtC - New York Payments and Extension (1120)
Show all hidden content
Payments
Prior year overpayment
Enter any prior year overpayment in this field. The amount entered in this field transfers to the return and treats it as a first quarter payment for purposes of calculating Form CT-222. Don’t include this amount again in the
1st payment
field.Form CT-183 prior year overpayment
Enter any prior year overpayment for Form CT-183. The amount entered in this field transfers to Form CT-183.
Treat calculated amounts as paid
The estimated payments calculated in the prior year version of the 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
is marked.1st - 5th payments
Enter the estimates made for the tax year in the
Amount Paid
column. These amounts transfer to the 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 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
- To delete the overruled amount and restore the original calculated amount, right-click the field and selectDelete 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 paid with extension
Each time you print the extension (via 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, 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
- To delete the overruled amount and restore the original calculated amount, right-click the field and selectDelete 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.
Extension
Calculate extension
Enter
1
or leave this field blank to calculate the extension at 100 percent of the current year liability. Enter 2
to calculate the extension at 90 percent of the current year liability. If this option is selected, interest is assessed on the remaining ten percent of the balance due. Enter 3
to calculate the extension at 100 percent of prior year liability.note
The applicable due date is also entered in the
Extended due date
field.Calculate additional extension Form CT-5.1
To select which additional extension to calculate, enter the appropriate code from the following table or select one from the dropdown list.
Code | Description | Destination |
|---|---|---|
2 | 2nd extension | Additional 3 month extension. Applies to both Article 9 and Article 9-A corporations. |
3 | 3rd extension | Additional 3 month extension. Applies to both Article 9 and Article 9-A corporations. |
4 | 4th extension | Additional 3 month extension. Applies only to Article 9 corporations. |
Reason for additional extension
Enter reason for requesting an additional extension in the statement. To enter a reason for extension that applies for all clients, select
Setup
, 1120 Corporation
then New York
tab, and then select Extension
. If a reason for extension in Screen NYPmtC is entered, the reason for extension from the Extension dialog doesn’t print. If the Reason for extension
fields on the New York tab and Screen NYPmtC are left blank, the standard line Additional time is requested to get information to prepare a complete and accurate return prints on all additional extensions for this application.Extended due date
If you have printed an extension by selecting File then Print Extensions or have entered an amount in either the
New York balance due on extension (Force)
/ MTA balance due on extension (Force)
field or New York
Tax liability (Force)
/ MTA surcharge
liability (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, it is assumed that the return was not put on extension.Form CT-183 extended due date
If you have printed an extension by selecting File then Print Extensions or have entered an amount in either the
Form CT-183 extension amounts due: New York balance due on extension (Force)
/ MTA balance due on extension (Force)
field or Form CT-183 extension amounts due:
New York
Tax liability (Force)
/ MTA surcharge
liability (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, it is assumed that the return was not put on extension.New York tax liability / MTA surcharge liability (Force)
If an amount is entered in either 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.New York / MTA balance due on extension (Force)
Enter an amount in this field, including
0
(zero), if you want to override (force) the calculated amount on Form CT-5. The balance due on extension calculates based on the amount entered in this field, less any payments.