How do I generate Alabama Electing Pass-Through Entity Payment Return Form EPT with an 1065 return using interview forms in CCH® ProSystem fx® Tax?

  • Article Type:
  • How To
  • Last Modified:
  • 11/05/2022

Objectives

Learn how to generate an Alabama Electing Pass-Through Entity Payment Return Form EPT in a 1065 return using CCH® ProSystem fx® Tax.
 

Environment

  • CCH® ProSystem fx® Tax    
  • 1065
  • Form EPT
  • Interview

Procedure

  1. Go to Interview Form AL1.
  2. In Box 57 - X for Electing Pass-Through Entity Payment Return (EPT), select the checkbox. 
  3. Calculate the return.

Note

  • If Alabama > AL5 > Box 30 is selected as option 1 - Produce Form PPT Only, then Form EPT will not populate with amounts.

EPT Payment input available

  1. Go to Alabama > AL4.
  2. In Box 32 - Overpayment from previous year's return, input an amount for EPT, line 5a.
  3. In Box 33 - Estimated tax payments, input an amount for EPT, line 5b.
  4. In Box 60 - Amount paid with Form PTE-EX, input an amount for EPT, line 5c.
  5. In Box 38 - EPT payments mad on behalf of this entity, input an amount for EPT, line 5d.
  6. Calculate the return.

EPT penalties and interest

  1. Go to Alabama > AL4.
  2. In Boxes 51-53 - Late interest, payment penalty, and filing penalty, select as applicable.
  3. In Box 50 - Date filed if after due date, input an applicable date filed to calculate the penalty.
  4. (Optional) In Box 54 - Interest due - override, input an amount for EPT, line 7c2
  5. (Optional) in Box 55 - Penalty due - override, input an amount for EPT, line 7b2.
  6. Calculate the return.
EPT Underpayment penalties and interest is a Work in process.
  • EPT, lines 7b1 and 7c1 are library fields and accept input directly on the form and line without an override.

Additional Information

N/A

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