Types of snapshots
TaxCycle creates two types of snapshots. It's important to understand the difference so you can create the type that works best for what you want to do.
Captures all the fields in the tax return. Use this snapshot for planning or comparing tax scenarios as you make changes to the file.
As filed (automatic or manual)
Captures only the fields that are needed when filing the return.
TaxCycle automatically creates this type of snapshot when you transmit a return using
T1 EFILE, ReFILE or T2 Corporation Internet Filing.
In TaxCycle T1, this snapshot type is used to automatically complete a T1-ADJ form in preparation for ReFILE or printing and mailing in an adjustment..
In TaxCycle T2, this snapshot type is used to create amended T2 returns.