Screen OJCOLPen - Columbus Penalties and Interest (1120)

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General Information

Date return filed, if different from original due date

If the date entered in this field is later than the return due date, the application calculates the penalty for the failure to pay, the penalty for the failure to file, and the interest on the underpayment. If this field is blank, the date defaults to the original due date of the return.

note

Use this field to customize the date due on the filing instruction inserts. Enter the date you want to appear on 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 the Columbus Underpayment of Estimated Tax Worksheet and the calculation of the underpayment penalty on the return. The application prints the Columbus Underpayment of Estimated Tax Worksheet if this field is blank and the underpayment penalty is due.

note

The application prints the Columbus 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 will not print. To suppress the penalty, but print the worksheet, enter X
in the Underpayment of estimated tax
field, select Setup
then 1120 Corporation
. In the Ohio Cities tab, select Tax Return
. Highlight the Columbus Underpayment Penalty Worksheet and click the Always if data
option to force the application to always print the form when the form contains relevant data.

Suppress penalties on return: Late interest

Enter X
to suppress the late payment interest on the return. The application prints the Columbus Late Filing Interest and Penalty Worksheet if this field is blank and late interest is due. The Columbus 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 Columbus Late Filing Interest and Penalty Worksheet if this field is blank and the failure to file penalty is due. The Columbus 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 Columbus Late Filing Interest and Penalty Worksheet if this field is blank and the failure to pay penalty is due. The Columbus 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 Columbus 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 Columbus Late Filing Interest and Penalty Worksheet will not print. To suppress the late interest, failure to file penalty, and failure to pay penalties on the return, but print the worksheet, mark the
Late interest
, Failure to file
and
failure to pay
fields, and then select Setup
then 1120 Corporation
. In the Ohio Cities tab, select Tax Return
. Highlight Columbus Late Filing Worksheet and select the Always if data
option to force the application to always print the worksheet when the worksheet contains relevant data.

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Screen OJCOLPen - Columbus Penalties and Interest (1120)

General Information