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Summary

Use Screen OHExt in the Payments folder to generate the Form IT 40P, extension payment voucher. The Ohio Department of Taxation waives the Fail to File penalty on the unpaid balance of tax that is due as of the original due date if the taxpayer meets certain criteria. Ohio Department of Taxation does not have an extension request form. Instead, filing federal Form 4868 with IRS serves as the Ohio extension request.

Typically, even if federal Form 4868 was filed by the original due date, Ohio does not waive the Fail to Pay penalty except for certain servicemen and military. Thus, for most taxpayers, the purpose of filing federal Form 4868 by the original due date is to waive the Ohio Fail to File penalty.

Details on Form IT 40P, extension payment voucher.

Preparing the extension

Use the information below to complete Form IT 40P for purposes of making an extension payment.

Entering extension data

Use Screen OHExt to complete Form IT 40P.

• To have the application calculate the extension payment voucher IT 40P based on current data entry and calculations on the return: Enter X in the Calculate Extension field on Screen OHExt. Choose Setup > 1040 Individual > Federal tab > Extensions to select the method for calculating the extension payment amount. Note that when using File > Print Extensions to select multiple clients at once for electronic filing, the application marks the Calculate Extension field if the Create an extension without total tax liability amounts checkbox is not marked.
• To force the extension payment amount with Form IT 40P: Enter an amount in the Balance due on extension (Force) on Screen OHExt.
• If there is no balance due or calculated amount: Although the application supports printing Form IT 40P without a payment amount, the Ohio Department of Taxation requests that taxpayers do not submit Form IT 40P unless there is an accompanying payment. Federal Form 4868 serves as the extension request.

Printing the extension

Choose File > Print Extensions to print Form IT 40P when data entry is complete on Screen OHExt.

Preparing the return after filing an extension payment

To prepare an extended return, ensure you have the following information from the extension.

• Amount actually paid with extension: The amount paid with extension is reported on the Estimated an extension payments line of Form OH-1040. Enter the amount on Screen OHExt in the Extension payment actually made; reportable on main return field. Note that the application populates this field when the extension was created if the application calculated the extension payment amount or if the extension payment amount was forced. Change the data entry for this amount if the taxpayer paid some other amount.

  If an extension was filed via some means other than the application, enter the actual amount paid with extension in the Force field. By doing so, this will automatically complete data entry in other fields, including fields for extended due date and amount actually paid with extension.

• Date return filed: Enter the Date return filed on Screen OHPen. If the date exceeds the extended due date, the application calculates late penalty on the unpaid balance due.
• Attach the federal extension: the application does not automatically attach a copy of federal Form 4868 to Form OH-1040 when File > Print Extensions was used to print the federal extension. When paper filing, include with Form OH-1040 a copy of federal extension (Form 4868), the extension confirmation, or a printed copy of the IRS acknowledgement.

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