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Screen ORPPmt - Oregon Pass-through Entity Payments and Extension

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Payments

Total, or / Specific payments if unequal or not timely: 1st-5th payment
Enter the total of all estimates made for the tax year in the
Total, or
 field. The application transfers this amount to Form OR-21 and applies it equally to all quarters for purposes of calculating the OR Pass-through Entity Underpayment of Estimated Tax Worksheet. To override the way the application applies the total to all quarters, enter actual amounts of estimated tax for
1st payment
 -
5th payment
 fields. Once amounts are entered in any of the individual payment fields, the application ignores the value in the
Total, or
 field for purposes of calculating Page 3 of the return and the OR Pass-through Entity Underpayment of Estimated Tax Worksheet. The first four fields in the Date Paid column default to the respective quarters’ due dates and the fifth payment date defaults to the fourth-quarter date. If the payments were not made on the estimate due dates, enter the actual dates of payment in the fields provided.
Treat calculated amounts as paid
The application proformas the estimated payments calculated in the prior-year application to the
Calculated Amount
 fields. Enter
X
 to transfer amounts from the
Calculated Amount
 fields to the
Amount Paid
 fields.
note
Amounts entered in the
Amount Paid
 fields are not overwritten when the
Treat calculated amounts as paid
 field is marked.
Paid with extension
Each time you print the extension (via File > Print Extensions), the application:
  • Calculates the extension payment amount and enters it in this field, and
  • Prints this amount on Form OR-21, not on Form OR-21-V Ext.
Alternatively, you can overrule the calculated amount by entering the amount actually paid with the current-year extension in this field. The application then displays the new amount in black.
note
  • To delete the overruled amount and restore the original calculated amount, right-click the field and select
    Delete overrule
    .
  • To confirm the accuracy of the overruled amount, right-click the field and select
    Acknowledge overruled data
    . The application then disables the acknowledge functionality from the right-click menu. To restore the original amount later, you will need to enter it manually.
  • You can set a user preference to mark fields for which you overruled the calculated amounts and to list all overruled amounts in the
    Diagnostics
     window.

Extensions

Calculate extension
Enter
1
 or leave this field blank to have the application calculate the extension at 100 percent of the current year liability. Enter
2
 to have the application calculate the extension at 90 percent of the current year liability. When this option is selected, interest is assessed on the remaining 10 percent of the balance due.
Extended due date
If you printed an extension by selecting
File
, then
Print Extensions
 or entered an amount in the
Balance due on extension (Force)
 field, the extended due date automatically appears in the field. Otherwise, enter the date to use as the extended due date in the calculation of late-filing penalties and in the filing instructions. If this field is left blank, it is assumed that the return is not put on extension.
Balance due on extension (Force)
If you enter an amount in this field, the application calculates the amount of total tax using the estimated payments entered, completes the
Extended due date
 field, and places the amount entered in the Payments section, provided that no amount exists there already.

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