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.
General Information
Date return filed
If the date you enter is later than the return due date, the penalty for failure to pay (FTP), the penalty for failure to file (FTF) and the interest on the underpayment calculates automatically. If you leave this field blank, the field defaults to the due date (original or extended) of the return.
Underpayment of Estimated Tax
2017 tax
The prior year state tax and county tax less nonrefundable and refundable credits amount proforma’s to this field.
2017 state taxable income
Enter the amount of the 2017 Indiana taxable income if you did not proforma. This information calculates exceptions to the Indiana underpayment penalty.
Farming or fishing income: 2017 gross income / … / 2018 gross income from farming or fishing
Enter amounts only when two-thirds or more of gross income is from farming or fishing.
Annualized Income
Use this section to enter information for the calculation of Form IT-2210 penalties when income and deductions occur unevenly during the year. The fourth quarter of annualized income and deductions are automatically on Form IT-2210.
Indiana adjusted income
Enter the cumulative Indiana adjusted income for the first, second, and third periods.
County tax
If there is county tax and the taxpayer is annualizing their income, enter the annualized county tax amounts.
Credits (Force)
The total credits on the return prorate to correspond with each annualization period. You can force different amounts here.
State tax withheld
If Indiana state withholding was not withheld equally throughout the year, enter the actual amount withheld for each period.
County tax withheld
If Indiana county withholding was not withheld equally throughout the year, enter the actual amount withheld for each period.
Was this article helpful?
Thank you for the feedback!