ITx Reporting System
Liquid Engines ITx includes rich visualization and reporting capabilities to provide users with access to vital tax information at the click of a button. ITx reports are easy to access and run, and enable users to create detailed comprehensive views that accurately reflect their current tax positions and provide critical Sarbanes-Oxley documentation. In addition, ITx reports are fully integrated with Microsoft Excel, so the final report format is familiar and easy to use. All report formats provide "presentation-ready" output in familiar multi-tab Microsoft Excel modeling formats. The robust reporting capabilities include:
Standard reports include typical planning, analysis, and management reports within or across scenarios. Leveraging the library of standard reports, users have the ability to analyze:
- FTC utilization compare by basket
- Impact of international operations on U.S. tax by CFC
- U.S. consolidated tax calculation summary
Structure reports provide visibility into parameters that drive reports and calculations. Structure reports include the ability to run:
- Country Tax Rule Listing
- Foreign Entity Ownership and Basis
Custom reports provide the flexibility to build reports according to specific criteria. These reports can be easily saved as templates for future use. Custom reports include the ability to run:
- Apportionment Base by Foreign Entity across multiple years
- Distribution Analysis Summary by Foreign Entities
- E and P Effective Rate Analysis across multiple scenarios
- Sourcing, Allocation, and Apportionment Summary by Source Code
- Subpart F Analysis by CFC
Within each scenario, customers can create reports specific to that scenario. Users can expose the entire multi-year data structure as well as support multi-year regulatory models. Information can be viewed either within the scenario or exported to a Microsoft Excel modeling format. Reports generated through Analysis Views include the ability to:
- View scenario statistics, including U.S. Tax Liability, Carryover, and Entity Characterization Type by year.
- Diagnose CFCs over multiple years.
- View current E&P, Losses, Taxes, and Tax Rate.
- View basket detail of total E&P, PTI and Tax Pool, and Distribution by CFC.
- Calculate cumulative E&P and Taxes paid in USD by CFC by year.
- View distribution planning and analysis by CFC by year.
- View Subpart F analysis by test type and test criteria.
- Compute 960 and 902 taxes for Subpart F and distributions by CFC, basket, and year.
- Model distribution amount for each foreign entity and view PTI, dividend results, return of capital, and capital gains.
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