Create New Trust Tax Roll

Navigate:ClosedBusiness Revenue > Trust Tax > Trust Tax Roll > Create New Trust Tax Roll

ClosedNavigation Flowchart

Here is a flowchart of Business Revenue Create New Trust Tax navigation. Common Actions are included only if critical to completing the task. Obvious actions, such as Save, Previous and Close, are not  included in the flowchart.

Description

Create a new trust tax roll for a new year from the previous year's data. When the batch process runs, records for each period in the year are created for the new year roll from the existing trust tax returns. A status of not filed is automatically assigned to the new returns, and the assessment type is blank.

SETUP: See Trust Tax, Business Revenue and Business Setup for any applicable prerequisites, dependencies and setup information for this task.

ClosedJurisdiction Specific Information

Florida

  • Owners and Service Companies of trust tax accounts can file returns, report rent, and accept multiple payments online for a current, future, or prior period using Aumentum Tax Public Access. A zero return can be filed for an existing or future period.  Any unfiled period is displayed in Public Access to provide notification of the missing return.  Also, future periods can be inactivated when a business closes.

    NOTE: NAICS codes are business types. You can also manage the NAICS code in the Property Information panel of the Maintain PPA Accounts screen if your jurisdiction has the Personal Property Appraisal module. Business Types are managed for the Business Revenue module are managed via Business Revenue > Setup > Business Types.

    IMPORTANT: The NAICS code is applied at the tax year level, not the account level, even though you can define it on the Maintain PPA Accounts screen.

Steps

  1. Select the Current trust tax year. The default is the current license year.

  2. Select the New trust tax year. Default is the current year plus one.

  3. Choose either, both, or neither of the  items to include or overwrite.

    • Include inactive accounts - when selected, inactive and active trust accounts are included in the roll.

    • Overwrite existing details - when selected, the past year details are overwritten for the new year.

      IMPORTANT: A non-menu security item controls this checkbox:  A warning message is displayed when security rights are not appropriately set for this non-menu security option when attempting to overwrite existing details. To configure this, go to Configuration > Security and User Maintenance > Roles. Click the Non-Menu Items button and select BusRev to modify security for, and set the security rights for AccessOverwriteOnTrustTaxRoll by selecting it, checking the applicable Rights checkboxes, and clicking Save.

  4. Select the Trust tax types to include in the roll.

  5. Click Create to initiate the batch process and create the trust tax roll, which displays the Monitor Batch Processes screen.

    • Click Close to end the task.

Related Topics

Trust Tax

Print Trust Tax Returns

Process Trust Tax Returns

View Trust Tax Account Summary