Asset Purge:
Lists all assets to be purged for a specified period, by book and by company.
Transaction
Purge: Lists all asset transactions to be purged during period end.
IRS Form 4562
Depreciation and Amortization: Provides federal tax book data on
depreciation and amortization expense in IRS Form 4562 format.
IRS Form 4797
Sale of Business Property: Provides federal tax book data in IRS
Form 4797 format.
IRS Form 4255
Investment Tax Credit Recapture: Provides federal tax book data for
ITC recapture on asset disposals in IRS Form 4255 format.
IRS Form 3468
Investment Tax Credit Schedule: Provides federal tax book data for
ITC assets in IRS Form 3468 format.
IRS Form 4626
Corporate Alternative Minimum Tax Supporting Schedule: Provides
federal tax book data for the calculation of alternative minimum tax in IRS
Form 4626 format.
FAS 109
Deferred Tax Report: Provides a report indicating the deferred tax
component created by the timing differences that result from the use of
different depreciation rules in different books.
Depreciation
Expense Projection: Lists the projected depreciation expense for
assets in the selected books; project expenses over either the current year, or
a range of the next two to five years.
Note
The tax reports are based on forms from the year 1997.