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The Tax Provision/Federal Est Pymt report for the Estimated Payments dataset displays an overview of the current tax calculation. Supporting detail for some calculations can be viewed in this report, while underlying support for other items is detailed on separate reports. Parameters can change the view of this report.
Provision Items
| • | Current Federal Tax Expense. |
Report Views
| • | Defaults to a summarized view of report details. |
| • | The View detail option displays available underlying detail. |
Line by Line
| • | Pre-Tax Book Income: Data Input > Tax Provision > Unit Details > PTBI. |
| • | Deductible State Tax: Current state tax provision (from State Summary - Provision Summary) after applying each unit/state's Current Federal Deductibility rates. |
| • | Financial Taxable Income - Sum of Pre-Tax Book Income, Deductible State Tax and Permanent Differences lines. |
| • | Federal Taxable Income (Pre-NOL): Sum of Financial Taxable Income and Temporary Differences lines. |
| • | NOL Reclass: Data Input > Tax Provision > NOL Temporary Differences - Tax Basis. Only amounts entered as Activity. Deferred Only and Balance Sheet Only entries do not impact the current tax provision calculation. |
| • | Federal Taxable Income (Post-NOL): Sum of Taxable Income (Pre-NOL) and NOL Reclass lines. |
| • | Unit Tax Rate: Data Input > Tax Provision > Unit Details. Displays only at the Unit reporting level. |
| • | Federal Tax - Current: Taxable Income (Post-NOL) times the current unit tax rate(s). |
| • | Cash Tax Adjustments: Data Input > Tax Provision > Tax Adjustments. Only "cash" items with codes that do not start with NC_. |
| • | Cash Provision: Sum of Federal Tax - Current, After Tax Temporary Differences, and Cash Tax Adjustments. |
| • | Non-Cash Tax Adjustments: Data Input > Tax Provision > Tax Adjustments. Only "non-cash" items with codes that start with NC_. |
| • | Total Current Federal Provision: Sum of Cash Provision and Non-Cash Tax Adjustments. Enter topic text here. |
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