Foreign binder audit update
Foreign binder audit update allows you to reroll foreign entity historical tax attributes to an existing set of binders from 1 year to the next.
- Go toBatch,Rollover, and thenRollover Binder Audit Update.
- Select the source (year) binder.
- Select the destination (year + 1) binder.
- SelectLoad Foreign Entitiesto generate a list of the foreign entities that are members of both consolidations and have successfully completed Subpart F computes in the source Top Consolidation binder.
- When you selectStart Update, the ending balances of the historical tax attributes (E&P and Tax Pools and Layers, Hovering Deficits, Qualified Deficit, PTI in US$ Basis, Subpart F Recapture) in the source binders replace any existing information in the destination binders for the selected entities.noteForeign binder audit update can't be performed between binders in the same tax year or binder years that aren't consecutive.
