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Screen OJCCAPen - CCA Penalties and Interest (1120)

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General Information

Date return filed, if different from original due date of return
If the date entered in this field is later than the return due date, the application automatically calculates the penalty for failure to pay, the penalty for failure to file, 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). For additional information, refer to the Client documents overview.
Suppress penalties on return: Underpayment of estimated tax
Enter
X
 to suppress the printing of the CCA Underpayment of Estimated Tax Worksheet and the calculation of the underpayment penalty on the return. The application prints the CCA Underpayment of Estimated Tax Worksheet if this field is blank and the underpayment penalty is due.
note
The application prints CCA Underpayment of Estimated Tax Worksheet whenever a penalty exists, even though this is inconsistent with the instructions. If the
Underpayment of estimated tax
suppression field is marked, the underpayment penalty worksheet won’t print. To suppress the penalty, but print the worksheet, enter
X
 in the
Underpayment of estimated tax
 field, then select Setup then 1120 Corporation. In the Ohio Cities tab, select the Tax Return button. Highlight CCA Underpayment Penalty Worksheet and select the
Always if data
 option to force the application to always print the worksheet 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 CCA Late Filing Interest and Penalty Worksheet if this field is blank and late interest is due. The CCA Late Filing Interest and Penalty Worksheet also prints 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 CCA Late Filing Interest and Penalty Worksheet if this field is blank and the failure to file penalty is due. The CCA 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 CCA Late Filing Interest and Penalty Worksheet if this field is blank and the failure to pay penalty is due. The CCA 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 CCA 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 CCA Late Filing Interest and Penalty Worksheet doesn’t print. To suppress the late interest, failure to file penalty, and failure to pay penalties on the return, but print the worksheet, select the
Late interest
,
Failure to file
, and
Failure to pay
fields, then select
Setup
 then
1120 Corporation
. In the Ohio Cities tab, select the Tax Return button. Highlight CCA Late Filing Worksheet and select the
Always if data
 option to force the application to always print the worksheet when it contains relevant data.

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