12.07.2015 Views

This page intentionally left blank. - Drake Software Support

This page intentionally left blank. - Drake Software Support

This page intentionally left blank. - Drake Software Support

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

<strong>Drake</strong> <strong>Software</strong> User’s ManualEstimated TaxesTable 5-12: Overpayment Codes in <strong>Drake</strong>OPCodeEDescriptionMakes the estimate equal to the overpayment0 Applies the overpayment to the 2009 estimate but does not print any vouchers4 Applies the overpayment to all four vouchers equallyUnderpayment of Estimated TaxBy default, the software calculates the estimated tax penalty but it does not generateForm 2210 unless there is an underpayment and the form is required. <strong>This</strong> default settingcan be disabled for all returns in Setup Options or it can be changed for a singlereturn in the 2210 Options section of screen 1.Figure 5-42: 2210 Options section of screen 12210 Codes To print or suppress Form 2210 (or Form 2210F, as applicable) for a return, select oneof the following from the 2210 Code drop list:Table 5-13: 2210 Codes in <strong>Drake</strong>2210Code(<strong>blank</strong>)XPFGNProgram ActionUses the default setting in Setup > Options, Form & Schedule Options tab.Calculates the estimated penalty; produces Form 2210 if necessary. (Because thisis the default setting, you need to select X only if the default setting has been globallydisabled in Setup > Options.)Calculates the estimated penalty; produces Form 2210 even if not required.Calculates the estimated penalty; produces Form 2210F if necessary. (Becausethis is the default setting, you need to select F only if the default setting has beenglobally disabled in Setup > Options.)Calculates the estimated penalty; produces Form 2210F even if not required.Does not calculate the estimated penalty. (If this option is chosen, no form forunderpayment of estimated tax will be printed with the return.)_NOTEThe program does not produce Form 2210 if the return is ineligiblefor e-filing.Tax Year 2008 129

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!