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Screen OHPPen - Ohio PTE Penalties and Interest

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General Information

Date return filed, if different from original due date
Enter the date of filing if you're filing the return late. If you leave this field blank, it defaults to the original due date of the return.
note
Use this field to customize the due date in the filing instructions or filing instruction inserts. Enter the date you want to display in the filing instructions or filing instruction inserts, then replace the
[due date ASAP f/t]
 variable with the
[date filed f/t]
 variable in the filing instructions or filing instruction inserts. If you leave this field blank, the date defaults to the due date of the return (original or extended).
Prior year tax
Enter the prior year's tax amount to calculate the underpayment penalty on pass-through entity Form IT/SD 2210.
note
The application calculates the pass-through entity 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 pass-through entity Form IT/SD 2210 and the calculation of the pass-through entity Form IT/SD 2210 on the return. The application prints pass-through entity Form IT/SD 2210 if you leave this field blank and the underpayment is due.
note
The application prints pass-through entity Form IT/SD 2210 whenever a penalty exists, even though this is inconsistent with the form's instructions. If you mark the
Underpayment of estimated tax suppression
 checkbox, pass-through entity 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
. Select
OH Form IT/SD 2210 (PTE Underpay of Est)
, then
Always if data
 to force the application to always print the form when it includes relevant data.
Suppress penalties on return: Late interest
Enter
X
 to suppress the late payment interest on the return. The application prints the OH PTE Late Interest and Penalty Worksheet if you leave this field blank and late interest is due. The OH PTE Late Filing Interest and Penalty Worksheet will also print if you leave the
Failure to file
 field 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 PTE Late Filing Interest and Penalty Worksheet if you leave this field blank and the failure to file penalty is due. The OH PTE Late Filing Interest and Penalty Worksheet will also print if you leave the
Late interest
 field blank and the late payment interest exists.
note
The application prints the OH PTE Late Filing Interest and Penalty Worksheet when a penalty or interest exists. If you mark both the
Late interest
 and
Failure to file
 checkboxes, the OH PTE 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, then select
Setup
,
1120 Corporation
, the
Ohio
 tab, then
Tax Return
. Select
OH PTE Late Filing Worksheet
 then
Always if data
 to force the application to always print the worksheet when it includes relevant data.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1120 Corporation
  • State: Ohio

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