Using the Tax Summary Report

The Tax Summary Report is automatically created based on the tax groupings assigned to accounts in the Tax trial balance. You can compare the prior year balances in this report to last year’s tax return. If the balances are not the same, review the tax group assignments in the Tax trial balance. It is possible that accounts are not grouped the same way they were last year. You can make modifications as needed.


  • Changes to the tax group assignments in the Tax trial balance automatically update the Tax Summary Report.

To view the Tax Summary Report, do the following:

  1. Click the engagement on the Engagement List page.

    Note: See Using the Engagement List Page for information about using the pagination and search features to find an engagement in the list.

  2. Click on the navigation bar and select Tax Summary Report.
  3. Note: You can also access the tax summary report from Engagement View. Click next to the node or folder holding the tax summary report to expand it and show its contents, and then click the report's index or name to open it.

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Net (Income) Loss Section

The Net (income) Loss amounts are the sum of the accounts assigned to revenue and expense groups in the Tax trial balance.

Tax Group Tabs

Under the Net (Income) Loss section, tabs display based on the tax groups assigned to the accounts:

  • General. Displays all accounts assigned to tax groups and tax sub-groups that are not property tax groups.
  • Business. Displays all accounts assigned to business property tax groups and tax sub-groups. (This applies only to the Schedule C for Individual and Sole Proprietorship tax entity types.)
  • Rental. Displays all accounts assigned to rental property tax groups and tax sub-groups. (Applies to all tax entity types. For example, Schedule E or Form 8825.)
  • Farm. Displays all accounts assigned to farm property tax groups and tax sub-groups. (Does not apply to Non Profit and Tax Exempt tax entity types.)
  • Unassigned. Displays any accounts that do not have a tax group assigned.

Each tab (with the exception of the Unassigned tab) lists all the tax groups assigned to an account in the Tax trial balance, along with their totals. If needed, you can expand a group to see the sub-group and account balances contained within it by clickingnext to the group index.

The Unassigned tab will list all accounts that are not asigned to a tax group. The accounts are sorted by account number. If account numbers are not used, then the accounts are listed in alpha-numeric order of the account name.

Access a Workpaper from the Tax Summary Report

If you have tagged a workpaper to a leadsheet, you can access it by clicking the workpapers link that appears on the top right of the Tax Summary report. A blue icon displayed next to the Final Balance (current year) or Tax Balance (current year) column for an account indicates that a workpaper reference link was added for that account and balance. You can click this icon to open or download the workpaper. See Referencing Workpapers from the Trial Balance for more information about workpaper reference links.

ClosedWhich balances display for each group, sub-group, and account?

  • Tax balance (prior year)
  • Unadjusted balance (current year)
  • Adjusting journal entries total (current year)
  • Adjusted balance (current year)
  • Reclassifying journal entries total (current year)
  • Final balance (current year)
  • Tax journal entries total (current year)
  • Tax balance (current year)

    Note: The tax balance includes any reclassifying journal entries.

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