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E&P and TIBS compute errors
Issues with Sourcing and International Binder Properties
Issues with sourcing and international binder properties result in international compute errors for E&P (Form 5471 or Form 8865) or TIBS (Form 1118).
- E&P errorsprevent the E&P, Look Through, Subpart F and Transfer to US5471, US8865 and US8858 computes from updating the reports and Organizer.
- TIBS errorsprevent the TIBS, FTC, and Transfer to US1118 / US8993 computes from updating the reports and Organizer.
- E&P or TIBS errors won’t clear until the E&P or TIBS compute is run.
Applying changes
- Changes to binder Properties are applied during .
- Changes to the Foreign entities require an International E&P compute.
- Changes to the Foreign Tax Credit entities require both a of the top consolidation and underlying consolidations and an International TIBS compute.
Compute Error Reference Table
Compute | Error number | Message | Meaning | Resolution |
|---|---|---|---|---|
E&P, or TIBS | 2017 | Modified Apportionment Base (Composite) {} has been selected in the Income Sourcing Workpaper for Account Number {}. This Apportionment Base includes both 0xx AND 1xx Apportionment Bases. | In Charts > International Apportionment Bases > Composite > Apportionment Base Code: code > Apportionment Bases column includes codes in ## and 1## format. | In Charts > International Apportionment Bases | Composite > Apportionment Base Code, select the code. In Apportionment Bases column, change the selected codes to all in ## format or all in 1## format. Select Save. |
E&P, or TIBS | 2062 | The Apportionment Optimization information has not been found for this Binder. | In binder Properties > International tab > Apportionment > Apportionment Optimize is blank. | In binder Properties > International tab > Apportionment > Apportionment Optimize, select the method. Select Save. |
E&P, or TIBS | 2071 | Sales Account has not been 100% Sourced | In Income Sourcing, the Sales account does not have the BAL formula populated in any source code column. | In Income Sourcing, populate the BAL formula in a source code column for each Sales account. Select Save. |
E&P, or TIBS | 2072 | COGS Account has not been 100% Sourced | In Income Sourcing, the COGS account does not have the BAL formula populated in any source code column. | In Income Sourcing, populate the BAL formula in a source code column for each COGS account. Select Save. |
E&P, or TIBS | 2073 | Income Account has not been 100% Sourced | In Income Sourcing, the income account does not have the BAL formula populated in any source code column. | In Income Sourcing, populate the BAL formula in a source code column for each income account, including COGS, COPS, and returns and allowances. Select Save. |
E&P, or TIBS | 2074 | This account has not been 100% allocated and does not have any apportionment bases defined. | In Income Sourcing for expense accounts no apportionment base code is selected or the apportionment base code total is 0. | In Income Sourcing | expense accounts | select the Apportionment Base Code, or populate the formulas or amounts in the source code columns. Select Save. |
E&P, or TIBS | 2077 | Apportionable Interest Account has been Allocated | In Income Sourcing, the interest expense accounts with the source code columns grayed out have amounts or formulas in the source code columns. | In Charts > International > Summary Accounts > Account Type: 5160 or 5170, change to 5100, 5110, or 5115. Select Save. If the expense should be apportioned, in Income Sourcing, delete the sourcing formulas or amounts for the account. Select Save. If the sourcing formulas and amounts are deleted, in Charts > International > Summary Accounts > Account Type, change back to 5160 or 5170. Select Save. |
E&P, or TIBS | 2161 | No Taxable Operating Assets exists | In Interest Apportionment Information > Operating Assets - Taxable & Non-Taxable tab, under Taxable, amounts are not populated for each source code. | In Interest Apportionment Information > Operating Assets - Taxable & Non-Taxable tab, under Taxable, populate amounts for each source code. Select Save. For Form 1118, amounts may be populated in just one member. |
TIBS | 2162 | There must exist a PARENT'S BASIS IN STOCK - CURRENT record for each first tier subsidiary to allow this entity to apportion interest. | In Foreign Tax Credit > Interest Apportionment Information > Basis in Subsidiaries tab, all subsidiaries are not populated by source code. | In at least one domestic member in Foreign Tax Credit > Interest Apportionment Information > Basis in Subsidiaries tab, select each divisional consolidation or subsidiary > source code > 245A Earnings combination. Populate columns Beginning of Year Investment and End of Year Investment for each combination. Populate columns Post-86 E&P and Pre-87 E&P for each foreign combination. Select Save. |
E&P, or TIBS | 2222 | Apportionable R&D Account Gross Income Base | In Income Sourcing, the R&D account is assigned multiple Apportionment Base Codes and the 2nd or 3rd code is not based on gross income. | In Income Sourcing, correct the sequence of the Apportionment Base Codes to only list gross income codes in the 2nd or 3rd column. Select Save. |
E&P, or TIBS | 2271 | Account Not Apportionable Due to a Denominator of Zero | In Income Sourcing, the expense is assigned an Apportionment Base Code calculating a denominator of 0. | In Income Sourcing, change the assigned Apportionment Base Code or allocate the amounts in the source code columns. Select Save. Some source codes can be changed to Absolute Value to apportion by a loss. Select Save. |
TIBS | 2274 | The R&D account is not apportionable due to a denominator of zero for R&D Gross Income apportionment base | In Charts > International > Summary Accounts > Year > chart {} > SIC Code column, the code for the R&D account is not the code for a Gross Income account with an amount greater than 0. | In Charts > International > Summary Accounts > Year, select the chart. In SIC Code column > R&D account, select the same code as a Gross Income account with an amount greater than 0. Select Save. |
TIBS | 2356 | At least one Domestic entity must contain a trial balance. | In binder Properties > Charts tab > Charts > International Summary Chart of Accounts is Select for all domestic members. | For all domestic members in binder Properties > Charts tab > Charts > International Summary Chart of Accounts, select the FTC chart. Select Save. A user with Administration Permission: Enterprise Control Panel can select the International Summary Chart of Accounts in Chart Assignments for a top consolidation or binder group. |
TIBS | 2360 | The R&D account must have an SIC Code assigned | In Charts > International > Summary Accounts > Year > chart {} > SIC Code column > R&D account is blank. | In Charts > International > Summary Accounts > Year, select the chart. In SIC Code column > R&D account, select the same code as a Gross Income account with an amount greater than 0. Select Save. |
E&P | 2403 | Ownership for the entity does not total to 100%. | In the top consolidation > binder Properties > International Members tab > line for the entity > Ownership column is not 100.000000. | In the top consolidation > binder Properties > International Members tab > line for the entity, select Add Ownership or Parent(s). Select the owners. Enter the ownership percentages, summing to 100.000000. Select Save. Select Save. |
TIBS | 3043 | No Operating Asset Information has been entered for entities in the affiliated group. | In Interest Apportionment Information > Operating Assets - Taxable & Non-Taxable tab, under Taxable, amounts > 0 are not populated for each source code. | In Interest Apportionment Information > Operating Assets - Taxable & Non-Taxable tab, under Taxable, populate amounts > 0 for each source code. Select Save. For Form 1118, amounts may be populated in just one member. |
E&P | 10018 | No International parent has yet been assigned. | In the top consolidation binder Properties > International Members tab > Actions column, no Parent Binder is selected. | In the top consolidation binder Properties > International Members tab > Actions column | line for the member with the same EIN as the top consolidation, select Set as Parent. Select Save. International Filing Type column must be ForeignTaxCredit for the member. |
E&P, or TIBS | 13024 | The account is not apportionable due to a denominator of zero for each apportionment base for interest expense | In binder Properties > International tab > Exchange Rate / Apportionment > Interest Apportionment, the selected method is calculating as 0. | If Gross Income is a loss, in binder Properties > Exchange Rate / Apportionment > Interest Apportionment, select Gross Income - Absolute Value. Select Save. If Gross Income is 0, in binder Properties > Exchange Rate / Apportionment > Interest Apportionment, select Assets. Select Save. In Asset Sourcing, populate a line with amounts for calculating the ratios in the source code columns. Select Save. |
E&P, or TIBS | 13536 | The account is not apportionable due to a denominator of zero for each apportionment base entered | In Income Sourcing, the expense is assigned an Apportionment Base Code calculating a denominator of 0. | In Income Sourcing, change the assigned Apportionment Base Code or allocate the amounts in the source code columns. Select Save. Some source codes can be changed to Absolute Value to apportion by a loss. |