27 Working with Tax Loss/Credit by Year of Expiration

The tax loss/credit process is designed to capture the detail composition of the tax losses/credits including the year generated and the corresponding year of expiration. The process is integrated with the current provision and the temporary difference rollforward. The tax year generated is maintained in the rows including the current year and 20 previous years, and one category for Historic Year, which has losses/credits originated 21+ years back.

Tax Losses/Credits By Year of Expiration enables the users to view the Closing Carryforward details of the Tax losses/credits schedule by Year of Expiration. See also, "Managing Tax Loss/Credit by Year of Expiration" in Working with Tax Reporting.