Schedule UTP Report

This report is based on the definition IRS sent out. IRS requires you to show the maximum tax exposure.

The Schedule UTP provides you a way to rank your positions. You could show only one if that is all that is needed. The report discloses only words and rankings. The IRS made this requirement for those with a Balance Sheet over 100 million for the first year and only have to disclose positions that arose in 2010 and going forward. You can run these for a label or label group.

 

Schedule UTP Report

In Reporting, select the Report, Schedule UTP Report, Jurisdiction, Gross / Benefit Option, Currency, Unit /Sub-Consolidation, and Label / Label Group. Click Get Report.

 

The report will show:

•Uncertain Tax Positions for the Current Tax Year
•Uncertain Tax Positions for the Prior Tax Year positions
•Permanent
•Temporary
•Maximum Tax Adjustment
•Year of Tax Position

 

To change the year end date:

1.In the Admin Center, click the Admin Params tab.
2.Double-click in the row with the Year and a drop-down list will appear. Change the year and the positions pertaining to that year are reflected in the report.
3.Click Save.

 

Admin Params - Schedule UTP Report Year End Date

2014.0 admin params

 

Notes:

•Use the Federal Only filter when running a report.
•Setup a Sub-Consolidation which contains only your domestic units and run the report for that Sub-Consolidation. You can run this on a label and label group.
•The code section, pass through, or EIN number are not available.