Tax return and client profile data can be rolled forward from a prior tax year to the next tax year once the next year is available for new return creation. The options available when rolling returns forward depend on the return type. In addition, tax template data can be rolled forward from a prior tax year to the next tax year.
Rolling Forward Returns
To roll forward a tax return, do the following:
- Select a prior year return in the Return Manager grid.
- Click Roll Forward
- Select from the following options for all return types:
- Click Create to roll the return forward. If not already downloaded, the appropriate tax forms required to process your return are downloaded for the tax year and return type.
| Option | Description |
|---|---|
| Use client profile | Rolls forward using data from the client profile. Use this option if client profile information may have changed since the return was filed. When this option is cleared, data from the return is used. Note: If the Pro Forma option, Use client profile data, is selected in the return configuration set that is associated with the return, this option is selected and cannot be cleared. |
| Roll forward lists | Rolls forward lists that exist in the selected return. |
| Include all applicable prior year amounts | Rolls forward all applicable prior year amounts. |
| Select tax template | Lists all existing templates for the tax year and return type. |
| Use template data |
Uses data from the selected template instead of the return roll forward data. Note: The tax template Pro Forma option in the return configuration set that is associated with the return determines if the template data overrides the return roll forward data or merges the return data with the template data. |
Corporation and S Corporation returns provide an additional option for the roll forward process:
| Option | Description |
|---|---|
| Create Corporation roll forward | Converts an S Corporation return to a C Corporation return during the roll forward process. |
| Create S Corporation roll forward | Converts a C Corporation return to an S Corporation return during the roll forward process. |
In addition to tax return input, the following data is transferred to the next year during the roll forward process:
- Workstream project data. If the prior year return is linked to a Workstream project, the system passes information from the rolled forward return to Workstream. Roll forward rules can be set in Workstream to select the data to roll forward.
- G/L Direct data. When G/L Direct processing is activated for a return, the G/L Direct setup data and G/L Direct data, such as chart of accounts, tax codes, journal entries, and entity information, are transferred to the next year when returns are rolled forward. Roll forward options can be set for custom journal entries. See Creating Custom Journal Entries for more information.
- Tax Notes. The system rolls forward notes or purges notes based on the retention that is associated with each note type. See Using Tax Notes for more information.
- Tax Lists. The system rolls forward lists, if selected on the Current Year Return Options window.
- AutoText descriptions. The list of firm-level descriptions are available for returns that are rolled forward. See Using AutoText Descriptions for more information about firm-level descriptions.
- Footnotes. You must select the Pro Forma to next year option in the Footnote editor. See Using the Footnote Editor for more information. Footnote amounts are not rolled forward.
- Data specified in the return configuration set or tax return. Options on the Pro Forma window in the return configuration set or the Return Options worksheet determine additional input to roll forward.
Rolling Forward Templates
To roll forward tax template data, do the following:
- Select a prior year template in the Return Manager grid.
- Click Roll Forward