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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Question

Can I process a consolidated / combined client using the state and city tax accrual option?

Answer

No, the federal, state, and city tax accrual options are not available for consolidated / combined clients. Although these features can be selected for member clients, the accrual is based on the member's independent data and does not take into consideration any impact of the consolidated / combined adjustments to the tax actually assessed at the consolidated / combined level.

Related topic: 1120-US: Tax accrual FAQs

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