Open topic with navigation

CCH Axcess Tax

Payments

Use these fields to enter all income tax deposits, paid or withheld, for the current taxable year. Total tax deposits carry to the payments section of the city return. The System also uses these entries when calculating the underpayment of estimated penalty amount, if applicable.

An entry can be made below in "Total Estimated Tax Payments” instead of entering each payment here. In the event that you enter tax deposits here, as well as using "Total Estimated Tax Payments”, the separate entries here will be used and the total amount will be ignored (on both the return and the underpayment of estimated tax penalty form).

Taxes Paid Based on Income and/or Not Based on Income

If you have identified yourself as a Cash Basis taxpayer, your entries in the columns for Taxes Based on Income and/or Not Based On Income will be carried to the Taxes and Licenses deduction line on page 1 of the federal return. We identify you as Cash Basis taxpayer if your accounting method is identified as cash on the Miscellaneous Information section of the Basic Data worksheet, and the State Tax Accrual option has NOT been selected on the Processing Option section of the Basic Data worksheet. Your entries here will also be used by the state returns in arriving at the applicable state tax deductions and/or addbacks to federal income. Any entries on the Taxes and Licenses section of the Business worksheet will be in addition to your entries in these fields. You may override this treatment of the detailed state and city tax payments by making an entry in the field entitled Suppress Carrying of Detailed State/City Tax Payments for Cash Basis Taxpayers on the Processing Options section of the Return Option worksheet. or by selecting the same option in the Return Configuration Set. You may also elect on a state by state basis by making an entry on this form in the field entitled "Suppress carrying of this state's tax payments for a cash basis taxpayer."

If you are an Accrual Basis taxpayer, your entries in the columns for Taxes Based on Income and/or Not Based On Income will NOT be carried to the Taxes and Licenses deduction line on page 1 of the federal return or used to determine any state addbacks or tax deductions. We identify you as an Accrual Basis taxpayer if your accounting method is identified as accrual on the Miscellaneous Information section of the Basic Data worksheet, or the State Tax Accrual option has been selected on the Processing Option section of the Basic Data worksheet.