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You can use UltraTax CS to prepare and file the extension forms 2350 and 4868. File these forms to extend the due date for forms 1040, 1040-SR, 1040-NR, 1040-NR-EZ, 1040-PR, or 1040-SS.
Batch extensions
This article explains how to create extensions for individual clients. You also have the option of extending multiple clients at the same time. Extending multiple clients at the same time is called a batch extension. If you do a batch extension, you still need to enter payment amounts for clients that need it. If you don't, the extension payment will be zero.
Prepare
Enter the required information for a basic extension as follows. You can also create a custom checklist for preparing Form 4868 using the UltraTax CS Extension Checklist Generator.
- Open the Ext screen, in the Payments folder.
- In the Calculate extension field, choose 4868 or 2350.
- If you are preparing Form 2350, enter information in these fields.
- Date First arrived in the foreign country
- Date qualifying period begins
- Date qualifying period ends
- Foreign address
Note: The Foreign address field is on the 2555 screen, in the Foreign Exclusion folder.
Due Dates
UltraTax CS handles due dates for Form 4868 and Form 2350 differently.
- Form 4868: UltraTax CS automatically calculates the extension due date.
- Form 2350: Enter a due date in the Extended due date field on the Ext screen.
For a list of due dates, see 1040 IRS filing deadlines & electronic filing information.
Tax liability and Balance due
UltraTax CS can calculate the tax liability and balance due for you, or you can force the amount.
Use UltraTax CS calculated amount
Estimates
To include estimated tax payments with the extension, prepare the estimates and print or e-file as follows:
Prepare the estimates
- Open the Est screen, in the Payments folder.
- In the 22 Estimates - Calculated section, use the Form 1040-ES - 2020 declaration field to choose how you're calculating the payment amounts.
- Complete the rest of the Est screen based on the code you've chosen.
Print or e-file the estimates
Payment methods
Your client can pay the balance due on Form 4868 or 2350 using Electronic funds withdrawal (EFW) or by check.
File the extension
You can e-file or paper file Forms 4868 and 2350. If you paper file an extension, you can still e-file the return.
Additional information
Print a copy of the extension with the tax return
The IRS does not allow a copy of the extension to be included when electronically filing the return. You can include a copy of the extension with the preparer or client copy of the return.
Print extension instructions
By default, UltraTax CS includes the extension filing instructions in the government collation. You can change the client and preparer collation of the extension to include the filing instructions.
Penalties
If you don't extend the return or don't include a payment, your client may be subject to late filing, late payment and underpayment penalties.
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