Process

These processing options enable you to specify the time period that the system uses to generate the report.

1. Calendar Quarter

Specify the number that corresponds to the calendar quarter for which you are processing the tax liability. If left blank, the report does not produce any output. Values are:

1: First quarter

2: Second quarter

3: Third quarter

4: Fourth quarter

2. Year

Specify the four-digit year of the reporting period. If left blank, the report does not produce any output.

3. Prior Period Adjustment Amount

Specify a tax liability adjustment from a prior period. If the adjustment amount corrects an overreported liability, enter the liability adjustment as a negative amount. Otherwise, enter the liability adjustment as a positive amount to correct an underreported liability.

4. Liability Adjustment Discovery Date

Specify the date that the liability adjustment was discovered. The system will use the date entered to determine the entry space on the form that corresponds to the date that the error was discovered. This option is required if the Prior Period Adjustment Amount option is populated with an amount.