2018 UltraTax CS
New (tax) year, new help!
Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.
Extension Information
Calculate extension
Enter X to calculate the extension, Form D-410. To print the extension, choose File > Print Extensions.
Extended due date
When an extension is printed by choosing File > Print Extensions, or an entry is made in the Calculate extension field, the extended due date automatically appears in this field. Otherwise, the date manually entered in this field is used as the extended due date in the filing instructions and to calculate late filing penalties.
Extension payment actually made; reportable on main return
Each time you print the extension (via the File > Print Extensions), UltraTax CS:
- calculates the extension payment amount and enters it in this field, and
- prints this amount on the main return, not on the extension.
Alternatively, you can overrule the calculated amount by entering the amount actually paid with the current-year extension in this field. UltraTax CS then displays the new amount in black.
- To delete the overruled amount and restore the original calculated amount, right-click the field and choose Delete overrule.
- To confirm the accuracy of the overruled amount, right-click the field and choose Acknowledge overruled data. UltraTax CS then disables the acknowledge functionality from the right-click menu. To restore the original amount later, you will need to enter it manually.
- If desired, 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.
Estimate of total tax liability (Force)
If you enter an amount in this field, UltraTax CS enters X in the Calculate extension field, completes the Extended due date field and uses the amount entered as the tax liability on Form 410, Application for Extension for Filing Individual Income Tax Return.
Balance due on extension (Force)
When an amount is entered in this field, UltraTax CS calculates the amount of total tax using the estimated payments and withholding entered, marks the Calculate extension field, completes the Extended due date field, and transfers the amount to the Extension payment actually made; reportable on main return field.
Additional payment
Enter the payment amount and the date of the payment. The amount paid is included as a payment on the return. When the date paid is after the original due date, the amount is not included as a payment in the calculation of an extension. The payment reduces the balance due for late interest and penalty calculations as of the date paid.
Payments
Withholdings entered in the federal K1T-2 screen Credit for state backup withholding field, transfer to Form 400, Page 2, partnership tax payments. If the withholdings are for personal services performed in North Carolina, enter the amount of withholdings here. This entry reduces amounts reported as Other Tax Payments from a partnership on Form 400, Page 2 and increase the withholdings reported on line 20a or 20b.
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