Screen CALLCPen - California Single Member LLC - Penalties and Interest (1040)

Overview

Use this screen to complete Form 568, Limited Liability Company Return of Income, Side 1 and the California LLC Late Filing Interest and Penalty Worksheets.

Activity Information

This section displays the entity information for activities included in the Limited Liability Company. The
Activities included in LLC
statement dialog lists all federal activities included in the LLC. If no data is present in the statement dialog, the LLC is a state unit only and no federal data entry is transferred to the LLC. Refer to Completing Form 568, LLC Return of Income for detailed information on creating LLC activities.

Penalties and Interest

Use this section to calculate late-filing interest and penalties. Enter information for the calculation of late-filing penalties and interest in this section.
If the date entered in this field is later than the return due date, UltraTax CS automatically calculates the penalty for failure to pay (FTP), the penalty for failure to file (FTF), and the interest on the underpayment (INT). If this field is blank, it defaults to the due date (original or extended) of the return. UltraTax CS prints interest and penalty amounts, if applicable, on the bottom of Page 1.
Enter the fee from prior-year (2018) Form 568. This amount is used in conjunction with information in LLCExt Screen to calculate the underpayment penalty.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close