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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.
Use this screen to enter information to prepare Form 4868 and Form 2350.
Form 4868 and 2350 Information
To print the preparer's name at the bottom of Form 4868 for all clients, select Setup > 1040 Individual, click the Extensions button, and mark the Print preparer name on Form 4868 checkbox.
The foreign home address for Form 2350 uses information from the 2555 screen. If the filing status is married filing jointly and both the taxpayer and spouse file Form 2555, Form 2350 uses the taxpayer's information.
If you are filing Form 4868, the field defaults to the extended due date. You can enter a different date, if required.
If filing Form 2350, enter the extended due date in this field.
If this field does not have a due date, extension Forms 2350 or 4868 do not appear on the client invoice even if you previously printed them by choosing File > Print Extensions.
Notes:
- The due date is June 15, 2023, if filing a Form 1040NR and there are no federal withholdings on effectively connected wages reported on Page 1.
- The filing instructions due date reflects the date in the Date 2022 return filed field in the Pen screen in the Payments folder when the return shows penalties and/or interest. If the Date 2022 return filed field in the Pen screen is blank, you can enter a due date here, and it will print on the filing instructions.
Enter an amount here, to force the amount for Form 4868, line 4. The balance due calculation uses the amount entered here and the accumulation of the payment amounts throughout the return.
You may enter 0 (zero) in this field.
To force the calculated amount for Form 4868 or 2350, enter an amount here. You may enter 0 (zero) in this field.
Notes:
- This amount is also entered in the Paid with 4868 ext or Paid with 2350 ext fields on the Est screen after you print or preview the extension. This does not override a user-entered amount in the Paid with 4868 ext or Paid with 2350 ext fields.
- An entry in this field ignores the Include the projected estimated tax penalty in the balance due on extension option in Setup > 1040 Individual > Extensions for this return.
- If the Calculate extension field is blank, an entry in this field calculates Form 4868.
- UltraTax CS calculates the total tax liability on Form 4868 from the amount in the Balance due on extension (force) field and the accumulation of the payment amounts.
Enter X if the taxpayer qualifies for an automatic two-month extension as a result of being out of the country on April 15, 2023. Marking this field also marks Form 4868, box 8. UltraTax CS automatically includes the tax election with the return, regardless of filing method. The date printed on the filing instructions for Form 4868 is June 15, 2023.
Notes:
- If this field is marked, don't make the same election on the Elect screen in the Elections folder.
- UltraTax CS automatically marks this field if the Overseas extension explanation field on the ELF screen contains data, or if the return is a 1040SS or 1040PR return and the Bona fide resident of US possession field on the 1040 screen equals AS, GU, MP, or VI.
When calculating the 2350 extension, enter X if not previously granted an extension of time to file for this tax year.
Select the reply address to use for extension correspondence.
Note: To globally set this option for new clients, go to Setup > 1040 Individual, click the Extensions button and select where you want correspondence to go. You can override the global option using this field client-by-client.
The beginning date of the qualifying period is the first full 24-hour day in the foreign country, usually the day after arrival.
The ending date is the date the taxpayer qualifies for special tax treatment by meeting the physical presence or bona fide residence test.
Leave this field blank if a date is not planned.
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