1. User's Guide
  2. National Tax Process
  3. Tax Account RollForward (TAR)

Tax Account RollForward (TAR)

The system automatically loads the beginning of the year and end of period general ledger balances to the tax accounts rollforward and system-calculated provision. The TAR form provides detail for the current and deferred income tax expense, deferred tax assets/liabilities, current tax payable/receivable, and equity accounts. You can import or enter amounts for payments or refunds and enter adjustments to account balances as necessary through the use of linked forms. Data in the TAR form is used to prepare the tax journal entry. It should be reconciled periodically to the general ledger accounts as required.

This form contains the following members (TaxType and DataCategory) in the columns (across):

  • National/TARFExpenseCurrent—National Current Expense—The current national income tax amount calculated in the current provision.

  • National/TARFExpenseDeferred—National Deferred Expense—The deferred national income tax amount calculated in the deferred provision.

  • National/TARFExpense—National Total Expense—The sum of National Current and Deferred.

  • Regional/TARFExpenseCurrent—Regional Current Expense—The current regional income tax amount calculated in the current provision.

  • Regional/TARFExpenseDeferred—Regional Deferred Expense—The deferred regional income tax amount calculated in the deferred provision.

  • Regional/TARFExpense—The sum of Regional Current and Deferred.

  • TotalNationalandRegional—The sum of the total National and Regional Current and Deferred.

  • NationalCurrentAsset — National Current Asset—The amount of national deferred taxes classified as a current asset.

  • National Current Liability — National Current Liability——The amount of national deferred taxes classified as a current liability.

  • NationalNonCurrentAsset — National NonCurrent Asset—The amount of national deferred taxes classified as a noncurrent asset.

  • NationalNonCurrentLiability — National NonCurrent Liability—The amount of national deferred taxes classified as a noncurrent liability.

  • National/TARFDeferredVAAlocCurrent—Current Valuation Allowance—The amount of national deferred taxes classified as a current valuation allowance.

  • National/TARFDeferredVAAllocNonCurrent—NonCurrent Valuation Allowance—The amount of national deferred taxes classified as a noncurrent valuation allowance.

  • National/TARFDeferred—Total Deferred Tax—The sum of National Current Asset/Liability, Noncurrent Asset/Liability and Current/Noncurrent Valuation Allowance.

  • RegionalCurrentAsset—Regional Current Asset—The amount of Regional deferred taxes classified as a current asset.

  • RegionalCurrentLiability — Regional Current Liability—The amount of Regional deferred taxes classified as a current liability.

  • RegionalNonCurrentAsset — Regional NonCurrent Asset—The amount of Regional deferred taxes classified as a noncurrent asset.

  • RegionalNonCurrentLiability — Regional NonCurrent Liability—The amount of Regional deferred taxes classified as a noncurrent liability.

  • Regional/TARFDeferredVAAllocCurrent—Current Valuation Allowance—The amount of Regional deferred taxes classified as a current valuation allowance.

  • Regional/TARFDeferredVAAllocNonCurrent—NonCurrent Valuation Allowance—The amount of Regional deferred taxes classified as a noncurrent valuation allowance.

  • Regional/TARFDeferred—Total Deferred Tax—The sum of Regional Current Asset/Liability, Noncurrent Asset/Liability, and Current/Noncurrent Valuation Allowance.

  • TotalNationalandRegional—The sum of the total National and Regional Deferred Assets and Liabilities.

  • National/TARFCurrentPayable—National Income Tax Payable—The national current tax payable. Amounts are automatically posted from the Current Provision. Payments and refunds are manually input.

  • Regional/TARFCurrentPayable—Regional Income Tax Payable—The regional current tax payable. Amounts are automatically posted from the Current Provision Regional. Payments and refunds are manually input.

  • National/TARFCurrentReceivable—National Income Tax Receivable—The national current tax receivable. Amounts are manually posted using the reclassification accounts in the TARF. Payments and refunds are manually input.

  • Regional/TARFCurrentReceivable—Regional Income Tax Receivable—The regional current tax receivable. Amounts are manually posted using the reclassification accounts in the TARF. Payments and refunds are manually input.

  • National/TARFLongTermPayable—National Income Tax Long Term Payable—The national tax long-term payable. Amounts are manually posted using the reclassification accounts in the TARF. Payments and refunds are manually input.

  • Regional/TARFLongTermPayable—Regional Income Tax Long Term Payable—The regional tax long-term payable. Amounts are manually posted using the reclassification accounts in the TARF. Payments and refunds are manually input.

  • TotalNationalandRegional/TARFCurrent—Total National and Regional—Net (Payable)/Receivable—The total national and regional tax payable/receivable.

  • National/TARFEquity—National Equity Adjustments—The national equity transactions based on the nonprovision adjustments the deferred tax rollforward. These amounts are automated from the deferred tax rollforward.

  • Regional/TARFEquity—Regional Equity Adjustments—The regional equity transactions based on the nonprovision adjustments the deferred tax rollforward. These amounts are automated from the deferred tax rollforward.

  • TotalNationalandRegional/TARFEquity—Total National and Regional—Equity Adjustments—The total national and regional equity adjustments.