Change binder properties and international entity type
- In theBinderlist, select the foreign entity binder.
- Select thePropertiesicon.
- Select theInternationaltab.
- In theInternational Entity Typedropdown, selectForeign EntityorDivision of Foreign Entity.
note
If a foreign parent, subsidiary or divisional consolidation is included in the International Members or International E-filing Members list of any Foreign Tax Credit Top Consolidation binder (the binder is currently being used as a legal entity), you cannot change the binder’s international entity type from
Foreign Entity
to Division of Foreign Entity
until it is removed from the lists. ONESOURCE Income Tax issues a message identifying each top consolidation binder that you must update.If the foreign divisional consolidation's
Intercompany Data Entry and Processing Level
indicator is Division
, then the International Data Completion Level
must also be Division
.If you subsequently change the
International Data Completion Level
to Divisional Consolidation
, then the system will deactivate the Intercompany Data Entry and Processing Level indicator and automatically change it to Divisional Consolidation
.The system retains existing information in the
Intercompany Payments and Receipts
screens of the foreign divisional consolidation's member binders but ignore it during the Look Through and Subpart F computes.Related Content
-
Set up a foreign divisional consolidation
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