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ONESOURCE Uncertain Tax Position App

2. Settlements Introduction. The new settlement workflow screen is unlike any other found in the UTP App.Please take some time to get familiar with the new workflow before using it to settle positions.Modifications (CII, CIJ, RTP) can be made to a position before it is settled.Settlements cannot

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ONESOURCE Uncertain Tax Position App

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    1. ONESOURCE Uncertain Tax Position App Settlements in the UTP Application Version 4.0

    2. 2 Settlements Introduction The new settlement workflow screen is unlike any other found in the UTP App. Please take some time to get familiar with the new workflow before using it to settle positions. Modifications (CII, CIJ, RTP) can be made to a position before it is settled. Settlements cannot be imported into the UTP App – the workflow screen must be used. To settle a position, select Modify > Enter a Settlement from the Item Menu and then choose Final or Non-Final Read the warning which pops up and click OK Final: “Positions marked as SET-F cannot be modified” Non-Final: “Positions marked as SET-NF cannot be modified in the current dataset”

    3. 3 Full Settlements Workflow Screen Current Outlook column is pre-populated and not editable Populate Settlement Outlook column Enter in the amount of Tax that was settled with the taxing authorities Enter in Gross Interest paid 3 pieces of benefit are calculated for you, but can be modified Enter in Penalties paid Note: Gray cells are not editable! NLU column is the calculated non settled amounts based on your entries in Settlement Outlook column

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