1. Working with Tax Reporting
  2. Working with National Tax Process
  3. Working with RTA (Return to Accrual)
  4. Using RTA Actual Regional Deduction
  5. Example Use Case for RTA Actual Regional Deduction

Example Use Case for RTA Actual Regional Deduction

  • Negative value of Regional Current Provision for P13 period flows to the Regional income taxes in RTA column of RTA national form.

    Regional Current Provision Value

    Negative value of Regional Current Provision flows to Regional income taxes in RTA column

  • Value at Current Tax Expense per Return at RTA Difference column in RTA National form for FY15 flows to the Return-to-Accrual Current Tax Expense in Current Provision Form for FY16, P1 as RTA Automation is specified for FY16, P1.

    Value at Current tax expense per Return at RTA Difference column in RTA National form

    Return-to-Accrual Current Tax Expense in Current Provision Form

    You see that Return-to-Accrual Current Tax Expense is 693. This is the same value as in the above RTA form for FY15. This includes actual state tax for P13.

  • Value at Regional Current Tax per Return at RTA Difference column in RTA Regional form for FY15 flows to the Return-to-Accural Current Tax Expense Regional in Current Provision Regional form for FY16, P1 as RTA Automation is specified for FY16, P1.

    Value at Regional Current Tax per Return at RTA Difference column in RTA Regional form

    Return-to-Accural Current Tax Expense Regional in Current Provision Regional form

  • The Return to Accrual Current Tax Expense Regional is excluded in the Regional Income Taxes in the Current Provision (national) form. Instead of Regional Current Provision, negative value of Regional Current Tax Per Return on Current Provision Regional form flows to the Regional income taxes on Current Provision form.

    Value of Regional Current Tax Per Return on Current Provision Regional form

    Negative Value flows to the Regional income taxes on Current Provision form