To avoid importing incorrect data, the data (such as the relationship code and information
concerning Schedule 9) concerning the relationship that the related or associated corporation has with the filing corporation will not be imported. Thus, once the import is finished, you must verify all copies of the Related
and Associated Corporations Workchart (Jump Code: 9 WORKCHART) to enter the missing data or modify the rolled forward data.
Tips:
- The procedures described above must be repeated in each return for corporations belonging to the related or associated corporate group.
- If the allocation amounts are modified after data import and that you are processing the returns of a group with a high number of related or associated corporations, we suggest that you import again the list and data; only the modified allocations will be imported.
- After importing data for each of the client files in the group of related or associated corporations, click Recalculate on the Tools menu to refresh the diagnostics related to the T2 Data Connection. Note that the source client files for each of the linked corporations are used to validate the values in the active client file and to display these diagnostics.
- You can import the list and the data from all related or associated corporations in the return of a corporation even if the T2 Data Connection is not enabled.
- In the case where the group only consists of two corporations, you can use this functionality to import data from the first corporation into the return of the second corporation or create a link to the first corporation from the second copy of Schedule 9 workchart.
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