1. Working with Tax Reporting
  2. Working with National Tax Process
  3. National Current Provision
  4. Working with the National Current Provision Form
  5. Total Additional Current Provision

Total Additional Current Provision

The system has additional provision items that are manually input or automated on a tax-effected basis. These items are used for taxes that are not based on taxable income or multiplied by a tax rate or other adjustments that are reported in the current provision of the financial statements (for example, FIN48). These additional provision items affect the total tax provision and are reflected in the Effective Tax Rate (ETR ) reports as rate reconciliation adjustments.

A list of additional provision items follows:

Additional Current Provision - Source

  • Current Tax Contingency
  • Withheld Taxes

Additional Current Provision - Manual

  • Audit Adjustments—Current Tax Expense
  • Texas Margin Tax
  • Current Tax Charge

Additional Current Provision - Calculated

  • Return to Accrual Current Tax Expense—Automated
  • Equity Reversals for National
  • StockComp Current Tax Expense RTA Adjustments