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The Matter Tax Detail dialog box provides an area to record taxes for billable fees and expenses. A single record can be created for each tax jurisdiction. To create multiple records, each tax jurisdiction must have a vendor tax identifier created from the Invoice Detail subtab. For invoices imported from LEDES 1998BI or LEDES 2000 files, a single jurisdiction will be imported.
Fields
Vendor Tax ID – The federal identifier for tax purposes for a vendor.
Tax Type – A categorization (such as Federal) for the tax. Default values are preloaded in eCounsel, but may be changed if needed. See your system administrator.
Tax Rate – The percentage of the fees and expenses that will be included in the tax amount. Enter the percentage as a decimal number less than 1 (for example, .0875).
Tax Country – The country for which the tax is applicable. Default International Organization for Standardization (ISO) codes are preloaded in eCounsel.
Tax Locality – An additional taxing location.
Taxable Billed Fees – The total fees for which the tax is applicable.
Total Tax Fees – The amount of taxes on fees (calculated by multiplying the tax rate by the taxable fees).
Taxable Billed Expenses – The total expenses for which the tax is applicable.
Total Tax Expenses – The amount of taxes on expenses (calculated by multiplying the tax rate by the taxable expenses).
Buttons
Save – Click to save the tax item and close the dialog box.
Save/New – Click to save the tax item and clear the dialog box to enter information for another tax item.
Close – Click to close the dialog box.