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Set up Federal miscellaneous items

For federal purposes, miscellaneous items consist of Extraordinary detail items included in book income data as well as Other Credits detail. You can create both of these detail items when you have Estimated Payments Administrator rights.
You can also copy and paste descriptions from Excel. To include a miscellaneous item in the calculations for estimated payments, you must select the box related to that item.
note
Other Credits will also display federal credits that come from ONESOURCE Tax Provision and are identified in a section with a gray background color. You can copy these credits, but not delete or edit them.

Add Federal miscellaneous items

  1. Go to
    Setup
    ,
    Federal
    , and then
    Miscellaneous Items
    .
  2. Select the appropriate
    Year
    .
  3. Select the category where you want to add the new item, either
    Extraordinary Items included in Book Income
     or
    Other Credits
    .
  4. Select
    Add
    .
  5. Enter a description for the new item.
  6. Select the box to include the new item in estimated payment calculations; Data Entry, Data Source Analysis, and Data Review.
  7. Select
    Show Order Column
     to display an additional column, Order. This allows you to define the order in which you'll see each of these items throughout the system. The system defaults to showing each type alphabetically.
  8. Select
    Save
    .

This article applies to:

  • PRODUCT: ONESOURCE Estimated Payments
  • Subject: Setup