Steps for using Tax Equalization (TEQ)

When you finish the tax return and are ready to prepare the tax equalization, follow these steps.
  1. With the locator open, go to
    Organizer
    ,
    Foreign Information
    , and then
    Custom Tax Equalization
    .
  2. Select
    Compute Tax Equalization
    , and then select
    OK
    through the process.
  3. The system copies the return into a new tax equalization locator. The new locator number gets displayed in the
    Hypo Locator Number
    field.
  4. Next open the new TEQ locator.
  5. Go to
    Organizer
    ,
    Foreign Information
    ,
    Custom Tax Equalization
    .
  6. Select
    Compute Options
    .
  7. Enter the template number you want to use in the
    Enter applicable template code
    field. Upon selecting a template, certain items will be prepopulated for you based on your settings.

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