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Valuation Allowances — Cloud Customer Connect
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Valuation Allowances

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edited Dec 16, 2020 11:48PM in Tax Reporting 1 comment

Summary

Classification of assets vs liabilities in Deferred Tax

Content

I have valuation allowances set to classify as assets on deferred tax.  In reviewing TR classification vs HTP data, I am seeing that not all VA is classified as assets in HTP. I do not see in TR a way to vary how VA is classified other then by sign. I do not see anything in the HTP documentation that seems to apply to this question. Not sure if anyone has seen this when validating a new TR implementation.  Thanks for any input.

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