Screen NDPen - North Dakota Penalties and Interest (1120)

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General Information

Date return filed, if different from original due date

If the date entered here is later than the return due date, the application calculates the late-filing penalty, the late-payment penalty, and the interest on the underpayment. If this field is blank, the application 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). For details, see Client documents overview.

Prior year tax (C Corp)

For C Corporations, enter the prior year tax. The application uses this amount to calculate Form 40-UT exceptions. If this field is blank, the application assumes this is a new corporation and calculates the underpayment penalty and interest on the current year tax.

note

The application calculates the Form 40-UT penalty for a short-year client.

Suppress penalties on return: Underpayment of estimated tax (C Corp)

For C Corporations, enter X
to suppress the printing of Form 40-UT and the calculation of the Form 40-UT penalty on the return. The application prints Form 40-UT if this field is blank and the underpayment penalty is due.

note

The application prints Form 40-UT whenever a penalty exists. If the underpayment of estimated tax suppression checkbox is marked, Form 40-UT won't print. To suppress the penalty, but print the form, enter X
in the Underpayment of estimated tax (C Corp)
field, select Setup
, 1120 Corporation
, the North Dakota
tab, then Tax Return
. Highlight ND Form 40-UT
and select Always if data
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 ND Late Filing Interest and Penalty Worksheet if this field is blank and late interest is due. The ND 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 ND Late Filing Interest and Penalty Worksheet if this field is blank and the failure to file penalty is due. The ND 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 ND Late Filing Interest and Penalty Worksheet if this field is blank and the failure to pay penalty is due. The ND 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 ND Late Filing Interest and Penalty Worksheet when penalties or interest exist. If the Late interest
, Failure to file
, and Failure to pay
fields are all marked, the ND Late Filing Interest and Penalty Worksheet won't print. To suppress the late interest, failure to file penalty, and failure to pay penalties on the return, but print the worksheet, mark Late interest
, Failure to file
, and Failure to pay
, then select Setup
, 1120 Corporation
, the North Dakota
tab, then Tax Return
. Highlight ND Late Filing Worksheet
and select Always if data
to force the application to always print the worksheet when it contains relevant data.

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Screen NDPen - North Dakota Penalties and Interest (1120)

General Information