Reporting Levels:
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Unit
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Filing Group
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Sub-consolidation
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Consolidation
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Control Center Configurable Options:
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Dataset
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Unit
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State
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Sub-consolidation
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Currency
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Source Data:
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Forecast - Data Input Screens
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Available Views:
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Foreign-Domestic / Unit Breakout
Q1-Q2 Variance / Q2-Q3 Variance
View Overview / View Summary / View Detail
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The Forecast State Rate report in the Interim dataset displays an overview of the calculation of the State Forecast rate. It uses information entered for each component in the Forecast section. The rate calculated in this report carries over to the Tax Provision report in the Interim dataset.
Provision Items
• | Forecast Effective Tax Rate |
Report Views
• | Defaults to the Foreign-Domestic and Summary views. |
• | Unit Breakout: Displays the underlying unit-by-unit column detail. |
• | Q1-Q2 Variance: Displays a comparison of the total forecasted rate at Quarter 2 with Quarter 1. The Q2-Q3 Variance view displays a comparison of the total forecasted rate at Quarter 3 with Quarter 2. |
• | View Overview: Rolls up the report to display the Pre-Tax Book Income - Annual Estimate, the Total Tax Provision, and the Forecasted Rate for Federal and State information. |
• | View Summary: Displays the report with component level information. |
• | View Detail: Displays the report with line-by-line level information. |
Line by Line
• | Weighted Allocable Income: Sum of Pre-Tax Book Income- Annual Estimate, Permanent Differences, and Temporary Differences weighted by the number of states activated. |
• | Total Allocable Income All States: Sum of Pre-Tax Book Income- Annual Estimate, Permanent Differences, and Temporary Differences. |
• | Apportionment Rate: Data Input > Forecast > State > State Details. |
• | Apportioned Income (Pre-NOL): Allocable Income times Apportionment Rate. |
• | Apportionable Income: Sum of Apportioned Income (Pre-NOL) and NOLs. |
• | State Tax Rate:Data Input > Forecast > State > State Details. Displays only at the Unit reporting level. |
• | Tax Before Credits: Apportionable Income times State Tax Rate. |
• | Cash State Tax Adjustments: Data Input > Forecast > State > State Tax Adjustments. Only "cash" items with codes that do not start with NC_. |
• | Non-Cash State Tax Adjustments: Data Input > Forecast > State > State Tax Adjustments. Only "non-cash" items with codes that start with NC_. |
• | Current State Provision: Tax Before Credits, After Tax State Temporary Differences, Cash State Tax Adjustments, and Non-Cash State Tax Adjustments. |
• | Deferred State Tax Provision: Begin Deferred Tax Per B/S plus Bal Sheet Only Adjustment minus Ending Deferred Tax Per B/S plus CTA and Deferred Provision Only lines. |
• | State Equity Adjustment: Data Input > Forecast > Permanent Differences. Reversal of the impact to the current provision for Equity Adjustment Permanent Differences. |
• | Total State Tax Provision: Sum of the Total Current State Provision, Deferred State Tax Provision, and State Equity Adjustment lines. |
• | State Forecasted Rate: Total State Tax Provision divided by Pre-Tax Book Income - Annual Estimate. |
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