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Rollover process

Additional notes on rollover for consolidations

  • : If a member filed a final return in the prior year, and the “Final Return” checkbox is marked in Organizer, then rollover will (a) remove the member from the members list of the current tax year topcon and (b) not roll the member to the current tax year.
  • Rollover your federal topcon first. It will automatically roll all the members that are not marked final in federal Organizer.
  • Preparers can choose to not rollover state topcons. Instead, they can copy the federal topcon after it is completed. That way all the data input in the federal topcon does not have to be entered again in the state topcons.
  • If you rollover state topcons then wait until the federal topcon rollover is completed successfully for all members before rolling the state topcons.
  • More rollover screens will display if your company uses the international package for preparing the 1118, 5471 and 8865 in TAS.
  • If you must do a major re-ordering of members on the topcon/subcon (such as in an acquisition or disposal year) then:
    1. Verify all final members are marked as final in the binder.
    2. Rollover the consolidation binder as-is and the final members will be omitted.
    3. Before consolidating the topcon/subcon, go to Binders, then
      Actions
      , then
      Info
      , then
      Members
      . Check the box next to the 
      Action 
      column for all members except the Parent binder then select 
      Remove Members
      . Select 
      Save
      . Close and re-open the Members tab and verify there are no subsidiary members.
    4. Then import in the revised members list. The import file must include the Company Number and the Binder Name. The order of the members in the Excel file must match the way you want the members reported on the consolidated Organizer statements and affiliation schedule. 

This article applies to:

  • PRODUCT: ONESOURCE Income Tax,ONESOURCE International Tax
  • Subject: Roll forward / rollover

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