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Interim Provision
Provision Items
- Current State Tax Expense
- Deferred State Tax Expense
- State Equity Offset to Current Expense
- Total State Tax Provision
Report Views
- Defaults to a detail view.
- Selecting Unit breakout generates an Excel spreadsheet that details the unit-by-unit underlying calculations for the state's provision expenses.
- The Unit breakout comparison view option allows you to create a side-by-side comparison of two datasets. The result is a total and unit-by-unit variance report. It displays on the screen or exports to an Excel file, depending on the version and parameter settings.
Line by Line
- Pre-Tax Book Income: Data Entry > PTBI.
- Forecast Rate: Reports > Unit/Consolidated > Forecast Rate.
- PTBI at Forecast Rate: Pre-Tax Book Income times Forecast Rate.
- Permanent Differences includible for State: Data Entry > Permanent Differences and InterCompany Transaction Entry, where includible status is Yes.
- Modifications: Data Entry > State Permanent Differences.
- Temporary Differences includible for State: Data Entry > Temporary Differences - Tax Basis, where includible status is Yes. Only amounts entered as Activity. Deferred Only and Balance Sheet Only entries do not impact the current tax provision calculation.
- Temporary Difference Adjustments: Data Entry > State Temporary Differences - Tax Basis. Only amounts entered as Activity. Deferred Only and Balance Sheet Only entries do not impact the current tax provision calculation.
- Discretes pre Rate: Permanent Differences includible for State, Modifications, Temporary Differences includible for State and Temporary Difference Adjustments lines.
- State Apportionment Percentage: My Datasets > Units > Jurisdictions > Edit > Apportionment PCTS. Displays only at the Unit level.
- Apportioned Discretes Pre-NOL: Discretes pre Rate line times State Apportionment Percentage line.
- NOLs: Data Entry > State After Apportionment Temporary Differences - Tax Basis.
- Total Apportioned Discretes: Sum of Apportioned Discretes Pre-NOL and NOLs lines.
- State Tax Rate: My Datasets > Units > Jurisdictions > Edit > Tax Rates. Displays only at the Unit level.
- Tax Before Credits: Total Apportioned Discretes line times the current State Tax Rate line.
- After Tax State Temporary Differences: Data Entry > State After Tax Temporary Differences - Tax Basis. Only amounts entered as Activity. Deferred Only and Balance Sheet Only entries do not impact the current tax provision calculation.
- Cash Tax Adjustments: Data Entry > State Tax Adjustments. Only cash items with codes that do not start with NC_.
- Cash Discretes: Sum of Tax Before Credits, After Tax State Temporary Differences - Tax Basis and Cash Tax Adjustments.
- Non-Cash Tax Adjustments: Data Entry > State Tax Adjustments. Only non-cash items with codes that start with NC_.
- Current State Provision: Sum of Cash Provision and Non-Cash Tax Adjustments.
- Begin Deferred Tax Per B/S: The Total Beginning Balance column of the Deferred Balances report with the State view option.
- Bal Sheet Only Adjustment: Data Entry > Temporary Differences - Tax Basis, NOL Temporary Differences - Tax Basis plus Data Entry > State Temporary Differences - Tax Basis times the appropriate rates and apportionment Percentage plus Data Entry > State After Apportionment Temporary Differences - Tax Basis times the appropriate rates plus Data Entry After Tax Temporary Differences - Tax Basis plus Data Entry > State After Tax Temporary Differences - Tax Basis. Only amounts entered as Balance Sheet Only entries do not impact the current tax provision calculation.
- Ending Deferred Tax Per B/S: The Total Ending Balance column of the Deferred Balances report with the State view option.
- CTA: The Total CTA column of the Deferred Balances report with State or State+FBOS and Expanded (income statement) view options.
- Deferred Provision Only: My Datasets > Units > More > Rates.
- Deferred Tax Provision: Begin Deferred Tax Per B/S plus Bal Sheet Only Adjustment minus Ending Deferred Tax Per B/S plus CTA and Deferred Provision Only lines.
- Equity Adjustment: Data Entry > Permanent Differences. Reversal of the impact to the current provision for Equity Adjustment Permanent Differences.
- Total State Tax Provision: Sum of the Total Current Provision, Deferred Tax Provision and Equity Adjustment lines.
This article applies to:
- Product: ONESOURCE Tax Provision