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Divisional consolidations

Scenario 20 of a Divisional Consolidation

This consolidation scenario is a Binder Rollup Consolidation since no Organizer data is entered in the division binders.

Location of data

Data
Division Binder
Div Con Binder
Federal Organizer
(Data is entered directly into the Organizer such as 4562 detail, 4797 detail, M3 detail, NOL carryforwards, officer information.)
No
Yes
State Organizer
(Data is entered directly into the Organizer for state purposes, such as credits, NOLs, officer information, A&A, or modification data, if not using TAS.
No
Yes
TAS State A&A
(Data is entered in the TAS | State Workpapers | Data Entry | State A&A section)
No
Yes
TAS State TI Modifications
(Data is entered in the TAS | State Workpapers | Data Entry | State TI section.)
No
Yes

Binder properties

Binder Properties
Division Binder
Div Con Binder
Binder Rollup Marked
N/A
Yes
A&A Logic/Cross-Reference Assigned
No
Yes
State TI Mappings Assigned
No
Yes

TAS Compute options - Division Binder

TAS Compute Options
Division Binder
Update Organizer with Federal TAS
No
Update Organizer with State A&A
No
Update Organizer with State TI TAS
No

TAS Consolidation options - Div Con Binder

Update Organizer with:
Div Con Binder
Federal TAS
Yes
State A&A
Yes
State TI
Yes
What to Consolidate:
Div Con Binder
Federal
Yes
State A&A
No
State TI
No
Organizer
N/A

Organizer options

Organizer Options
Division Binder
Div Con Binder
Add (Activate) the State
All states
Yes
No
Mark States to Combine/Consolidate
All states
N/A
Yes

Consolidation steps

  1. Enter the following data for the divisions:
    Federal TAS
    .
  2. Compute the divisions with the selected options indicated previous.
  3. In the Organizer, select one of the following entity types:
    • If the entity is a member of a consolidation, set it as a
      Subsidiary
      .
    • If the entity is a parent of a consolidation, set it as a
      Parent
       company.
    • If the entity is a tax-paying entity, set it as a
      Single
       company.
  4. Enter the following data for the divisional consolidation:
    Federal Organizer
    ,
    State Organizer
    ,
    TAS State A&A
    ,
    TAS State TI Modifications
    .
  5. Consolidate using the selected TAS and Organizer options indicated previously.

This article applies to:

  • Product: ONESOURCE Income Tax
  • Return type: 1120 Corporation
  • Subject: Consolidations
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