Reversing Tax Forms

Use this procedure to cancel a tax form that has already been posted and is not valid.

You can only reverse a tax form if its current status supports it. If the action is not supported, the Reverse button will not be displayed.

• Navigate to the Tax Form portal and display the tax form you want to reverse.

• Click Reverse in the Actions zone. Enter an appropriate reversal reason.

• The system updates the state of the original tax form to Reversed and typically reverses the financial impact of the original form, depending on your form type's processing rules for Adjusting forms.