ONESOURCE
Uncertain Tax Position App
Non-Cash and Equity in the UTP Application
Version 4.0
Equity, Non-Cash and None
•When adding a new position,
you have the option of marking
it as Equity, Non-Cash or None
(if neither applies)
•Once a position is rolled over,
you have the option to change
the type of position
– Positions cannot be
changed from NCS to EQ
or EQ to NCS
2
Equity and Non-Cash on Reports & Schedules
•Uncertain Journal Entry
and Calculation Support
– Equity Positions
•
•
Tax & Other Tax amounts
display in EQ: Equity Offset
Line
Interest & Penalties amounts
display in P/L: Provision for
Current/Deferred Income
Taxes
– Non-Cash Positions
•
All amounts display in B/S:
Non-Cash Offset Line
•
No amounts display in P/L:
Provision for Current/
Deferred Income Taxes
•Uncertain Expense
– Equity Positions
•
Only the Interest and Penalties
amounts will display
– Non-Cash Positions
•
No amounts will display
•Item Inventory
– Equity Positions
•
•
Tax & Other Tax amounts display
in Offset to Equity (Net) column
Interest & Penalties amounts
display in Interest & Penalties
columns
– Non-Cash Positions
•
All amounts display in Offset to
Non-Cash (Net) column
3
Items to Note when Changing NCS/EQ Option
•Dataset Merge
– NCS/EQ (prior) comes from the first dataset
– NCS/EQ (current) comes from the last dataset in which a
position was active
– If a position is NCS in the first dataset and EQ in the last
dataset (or vice versa):
• During the Merge, the position will retain its prior designation
since the switch from NCS to EQ (and vice versa) is not
permitted in the UTP App
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Example 1: EQ to None
•State Temporary Difference
5
Example 1: Calculation Support Schedule with
Sample Calculation: EQ to None
6
Example 1: Uncertain Journal Entry Report
with Sample Calculation: EQ to None
7
Example 1: Uncertain Expense Report with
Sample Calculation: EQ to None
8
Example 2: None to EQ
•Federal Permanent Difference
9
Example 2: Calculation Support Schedule with
Sample Calculation: None to EQ
10
Example 2: Uncertain Journal Entry Report
with Sample Calculation: None to EQ
11
Example 2: Uncertain Expense Report with
Sample Calculation: None to EQ
12
Example 3: NCS to None
•State Tax Adjustment
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Example 3: Calculation Support Schedule with
Sample Calculation: NCS to None
14
Example 3: Uncertain Journal Entry Report
with Sample Calculation: NCS to None
15
Example 3: Uncertain Expense Report with
Sample Calculation: NCS to None
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Example 4: None to NCS
•State Temporary Difference
17
Example 4: Calculation Support Schedule with
Sample Calculation: None to NCS
18
Example 4: Uncertain Journal Entry Report
with Sample Calculation: None to NCS
19
Example 4: Uncertain Expense Report with
Sample Calculation: None to NCS
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