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Screen CAPen - California Penalties and Interest (990)

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Penalties

Date return filed: Form 199
If you enter a date that is after the return due date, the penalty for failure to file calculates automatically. If you leave this field is blank, the default is the due date (original or extended) of the return.
Date return filed: Form 109
If you enter a date that is after the return due date, the penalty for failure to pay and the interest on the underpayment calculate automatically. If you leave this field is blank, the date defaults to the due date (original or extended) of the return. Interest and penalty amounts, if applicable, print on Form 109, Page 1.
Exception A - Prior year tax
The information you enter proformas automatically from year to year.The Form 5806 penalty for a short-year client does not calculate automatically.
Exception B - Annualized income exception method
Enter a code for the type of exception to calculate the underpayment penalty using one of the annualized income exceptions.
Suppress on: Underpayment of estimated tax penalty: Form 109
Enter
X
 to suppress the printing of Form 5806 and the calculated 5806 penalty on the return.
To suppress the penalty but print the form, enter
X
 in the
Underpayment of estimated tax penalty: Form 109
 field, switch to Form view and choose Edit, Overrides, and the Force Form to Print.
Suppress on: Late interest: Form 109
The Interest and Penalty Worksheets print if any penalty exists and is not suppressed. Enter
X
 to suppress any late interest calculated on Form 109 and to print "Interest suppressed on the return" on the worksheet.
Suppress on: Failure to pay penalty: Form 109
The Interest and Penalty Worksheets print if any penalty exists and is not suppressed. Enter
X
 to suppress any penalty calculated on Form 109 and to print "Penalty suppressed on the return" on the worksheet.
Suppress on: Failure to file penalty: Form 199
The Interest and Penalty Worksheets print if the penalty exists and is not suppressed. Enter
X
 to suppress the penalty calculated on Form 199 and to print "Penalty suppressed on the return" on the worksheet.

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