K1x Ideas
Describe your idea. The NOL information for each state entered in the State Data grid should roll over each year upon rolling o |
The NOL information for each state entered in the State Data grid should roll over each year upon rolling over the engagement. This should also account for any NOL used in the prior tax period. |
How will this idea help you and potentially others? Understanding how things are done today, where the pain is, and how the idea is beneficial puts us in your shoes. |
The process of adding each NOL year for each state is done manually and can be time consuming for clients filing in 20+ states with multiple years of NOL for each. This process will remove the entry of any NOL carryforward that needs to be re-entered each year, only needing the current year NOL / NOL applied to be entered by the user. |
Who will benefit from this idea? Whether it's specific roles of users, users of a specific product, or certain departments/markets, this helps us know who to talk to when we need more information. |
Crowe users as well as client users using 990 Tracker to prepare their own state tax returns. |
How do you envision this idea being implemented at K1x? You're the expert and understanding how you see this working helps kickstart the idea. |
I expect this to be a process that happens during the rollover of the 990 Tracker engagement into the next taxable period. |