Skip to main content
Reports

Federal Estimated Payments - Units

The
Federal Estimated Payments
 report displays the quarterly estimated payments calculation for Compliance datasets (used for Estimated Payments). A Provision dataset can be copied to create the Compliance dataset with the final Provision data. The Unit(s) to be included in the calculation must be designated as Included for Estimated Payments Calc. The information in the Tax Provision (Estimated Payments) report, the configuration from jurisdiction management, and the dataset's Data Range generate report data. Parameters can change the view of this report.

Provision Items

  • Projected Liability
  • Total Payment Due

Report Views

Default is the only available view.

Line by Line

  • Cash Provision: Tax Provision - Estimated Payments report Cash Provision line.
  • Other Income Tax: My Datasets > Units > More > Other > Estimated Payments.
  • Adjusted Income Tax: Sum of Cash Provision and Other Income Tax.
  • Percentage Cushion: Data Entry > Dataset > Administration> Dataset Parameters cushion parameter can be set by an Administrator.
  • Cushioned Income Tax: Adjusted Income Tax times Percentage Cushion.
  • Minimum Annual Tax: Data Entry > Dataset > Jurisdiction Mgmt.
  • Projected Liability (Greater of Cushioned or Minimum): Higher of Cushioned Income Tax and Minimum Annual Tax lines.
  • Q1, Q2, Q3, Q4 Requirement and Extension Payment: My Datasets > More > Jurisdiction Management rates applied to Projected Liability line.
  • Total Required Liability YTD: Sum of Q1, Q2, Q3, and Q4 Requirement and Extension Payment lines.
  • PY Overpayment, Q1, Q2, Q3, Q4 Payments populate with entries (ADJ, ADJ-F, 1ES, 1ES-F, 2ES, 2ES-F, 3ES, 3ES-F, 4ES and 4ES-F payable transaction codes) in the Payable from a Provision Dataset when the dataset is designated with the dataset parameter PULL_PAY_FROM_DATASET and the data is refreshed by triggering Reset Report Data. If the PULL_PAY_FROM_DATASET parameter is not used, the system will take all payments from all Provision datasets with the same year as the Estimated Payment dataset.
  • Total Payments YTD: Sum of PY Overpayment, Q1, Q2, Q3, and Q4 Payment lines.
  • Rounded Payment Due: Total Required Liability (based on the dataset Date Range) minus Total Payments YTD times rounding set by an Administrator in Data Entry > Dataset > Administration > Dataset Parameters rounding parameter.
  • Override Calculated Income Payment: My Datasets > Units > More > Other > Estimated Payments.
  • Income Payment Override: Data Entry > Federal > Unit Details > Estimated Payments.
  • Income Payment Due: Either Rounded Payment Due or Income Payment Override.
  • Franchise Payments: My Datasets > Units >More > Other > Estimated Payments.
  • Total Payment Due: Sum of Income Payment Due and Franchise Payments.

This article applies to:

  • Product: ONESOURCE Tax Provision