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Transfer data

Transfer estimated payments data to ONESOURCE Income Tax

You can transfer estimated payment and extension amounts and payment dates to ONESOURCE Income Tax.
There are 2 types of data transfers:
  • Transfer to Current Year
     - Data you prepare in Estimated Payments transfers to the associated current year return to file your tax return. Once locked, the information appears in the Organizer, on the
    Tax Payments
     worksheet.
  • Transfer to Prior Year
     - Estimated Payments data transfers to the associated prior year return Organizer for the only purpose of electronically filing your estimated payments.

Transfer estimated payment amounts to Income Tax

  1. Prepare your estimated payments or extension information in the Estimated Payments system.
  2. Lock the information.
    1. Go to
      Locking
      .
    2. Select the
      Year
      .
    3. Select either a
      Filing Group
       or a specific
      Entity
       you want locked.
    4. To filter additional information, select a specific Jurisdiction.
    5. Select
      Load
      .
  3. If you select a filing group in the filter, you can select the consolidated entity which will also lock the member entities automatically. Remove the selection to unlock the entity.
    note
    To update data in locked entities, unlock the entities first by removing the selection.
  4. Go to
    ONESOURCE Income Tax
    .
  5. Open the appropriate binder and navigate to
    Tax Accounting System
    ,
    Tax Payments
    .
  6. On the
    Tax Payments
     screen, review the transferred data for the current year.
  7. To transfer the estimated payments data to the Organizer and tax return, either compute the binder or open Organizer.
  8. Review the transferred data for the current year in Organizer by going to
    Organizer
    ,
    Common State
    , and then
    Extension and Estimates
    .
  9. To review the transferred data in the prior year, open a binder in ONESOURCE Income Tax.
  10. Open
    Organizer
     and go to
    Common State
    ,
    Tax Estimate Options
    , and then
    Installment Payments on Next Year's Estimated Tax (only NY and VA)
    . The transfer occurs when the Organizer is opened or when you compute the binder.

Update data in Estimated Payments

If you modify data in Estimated Payments after locking it, to transfer the updated data, you must unlock and then relock the data in order for it to transfer to ONESOURCE Income Tax. If you modify data in the
Tax Payments
 screen in the Tax Accounting System after transferring it to Organizer, you must then recompute the binder or reopen Organizer to update the data.

Update data in ONESOURCE Income Tax

If you've previously transferred data from Estimated Payments to ONESOURCE Income Tax, then any time you update or modify the data through data entry, import, and deletion, you'll see a system generated red override indicator. Overridden data always trumps transferred data. If you hover your mouse over the indicator, it reveals the overridden value. To clear the override, right-click on the cell or the override indicator.

This article applies to:

  • PRODUCT: ONESOURCE Income Tax,ONESOURCE Estimated Payments
  • Subject: Integration

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