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Federal Benefit of State
- The impact of theFederal Benefit of the Statetax deduction can be represented as a component of the Federal or State deferred rate in reports. The determination is made on a dataset-by-dataset basis and rolls over when a dataset rolls over.
- The benefit or deduction of the current state provision in the federal provision can automatically calculate at 100%. It can be limited if it is not based on a method other than the current year’s accrual of tax. On a state-by-state basis, you can enter the appropriate Federal Deductibility rates for the unit and for the specific state.
- The designation is made with a FEDBENEFITOFSTATE dataset parameter with a paramvalue of FED or STATE, which is established by an Administrator for the dataset.
This article applies to:
- PRODUCT: ONESOURCE Tax Provision