How do I generate Alabama Electing Pass-Through Entity Payment Return Form EPT with an 1120S 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 an 1120S return using CCH® ProSystem fx® Tax.

Environment

  • CCH® ProSystem fx® Tax
  • 1120S
  • S Corporation
  • Interview Forms View - IVF
  • Electing Passthrough Tax - EPT

Procedure

  1. Go to Alabama > AL1
  2. In Box 43 - X for an electing pass through entity, select the checkbox.
  3. Calculate the return.
EPT Payment input available:
EPT Payments lines are in the "Not Based on Income" column.
  • Go to Common State > St Pay / Est > STPAY-1.
    • Boxes 32-56, 34-58, 66-81, on a future release.
    • Box 91 -  Total if four equal.
      • Development currently recommends a pink override direct to EPT, line 5b.
    • Box 101 - Prior year overpayment applied.
    • Box 115 - Other extension payment.
2220AL EPT is a work in process.
  • EPT line 7a, overpayment amount applied to next year, government form (pink) override at this time.
  • EPT Lines 7b1 and 7c1, are from underpayment form, government form (pink) override at this time.
  • EPT Lines 7b2 and 7c2 are for late filing penalties with input on Common State > Penalties > PEN-1, box 30, select AL, and boxes 40-43.
  • Line 7d is calculated.

Additional Information

N/A

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