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Screen OHWHPen - Ohio Withholding Penalties and Interest (1120)

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General Information

Date return filed, if different from original due date
If the return is being filed late, enter the date of filing. 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 instructions or filing instruction inserts. Enter the date you want to appear in the filing instructions or 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 instructions or filing instruction inserts. If this field is blank, the date defaults to the due date of the return (original or extended). For more information, see Customizing client documents: variables.
Prior year tax
Enter the prior year’s tax amount to calculate the underpayment penalty on withholding Form IT/SD 2210.
note
The application calculates the withholding Form IT/SD 2210 penalty for a short-year client.
Suppress penalties on return: Underpayment of estimated tax
Enter
X
 to suppress the printing of withholding Form IT/SD 2210 and the calculation of the withholding Form IT/SD 2210 on the return. The application prints withholding Form IT/SD 2210 if this field is blank and the underpayment penalty is due.
note
The application prints withholding Form IT/SD 2210 whenever a penalty exists, even though this is inconsistent with the form’s instructions. If the underpayment of estimated tax suppression checkbox is marked, withholding Form IT/SD 2210 won't print. To suppress the penalty, but print the form, enter
X
 in the
Underpayment of estimated tax
 field, select
Setup
,
1120 Corporation
, the
Ohio
 tab, then
Tax Return
. Highlight
OH Form IT/SD 2210 (Withholding Underpay of Est)
 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 OH Withholding Late Interest and Penalty Worksheet if this field is blank and late interest is due. The OH Withholding Late Filing Interest and Penalty Worksheet will also print if the
Failure to file
 field is blank and a failure to file 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 OH Withholding Late Filing Interest and Penalty Worksheet if this field is blank and the failure to file penalty is due. The OH Withholding Late Filing Interest and Penalty Worksheet will also print if the
Late interest
 field is blank and late payment interest exists.
note
The application prints the OH Withholding Late Filing Interest and Penalty Worksheet when a penalty or interest exists. If the
Late interest
 and
Failure to file
 checkboxes are both marked, the OH Withholding Late Filing Interest and Penalty Worksheet doesn't print. To suppress the late interest and the failure to file penalty on the return, but print the worksheet, mark the
Late interest
 and
Failure to file
 checkboxes, select
Setup
,
1120 Corporation
, the
Ohio
 tab, then
Tax Return
. Highlight
OH Withholding 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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