ProSystem fx® Tax for Business

Streamline your income tax compliance and preparation management.

Automate your tax preparation workflow and stay current on compliance issues using the most advanced and proven tax and compliance solution. Thousands of auto-calculating forms and schedules speed you through the tax preparation process so you can tackle any corporate return and meet all corporate compliance requirements. Read More

Key Features

Ensure a productive business tax process:

  • Enjoy seamless G/L and trial balance integration linked to related tax returns to speed preparation time.
  • Take advantage of automation to help you manage existing tax workpapers for faster and more accurate results.
  • Access full Schedule M-3 calculations and support to help eliminate tedious overrides and manual entries.
Details

ProSystem fx Tax offers a powerful portfolio of products that deliver comprehensive federal and state capabilities

The following modules are included:

  • 1120/Corporate — contains 1120, 1120S, 1120C Consolidated (1120, 1120S, 1120-L, 1120-PC, 1120-REIT), 1120-F, 1120-H,1120-IC-DISC, 1120-POL, 1120-RIC, 1120-REIT, 1120-FSC, 1120-L, 1120X and 1120-PC
  • 1065/Partnership
  • G/L Direct
  • ProSystem fx Package — contains 1040 Individual, 990 Exempt Organization, 1041 Fiduciary, 706 Estate, 709 Gift and 5500 Deferred Compensation
The Most Complete e-Filing Available ProSystem fx Tax delivers the most complete e-filing for all federal and state taxing authorities, whether mandated or not, including the ability to electronically file mixed group consolidations. As an IRS-authorized e-file provider, ProSystem fx Tax saves you hours of the administrative legwork e-filing requires and provides built-in diagnostics to help you remove errors long before you submit them.

Work quicker with the 1120/Corporation Module The 1120/Corporation module allows you to produce all estimates, extensions and amended state business tax returns with comprehensive multiple state processing for any combination of state business tax returns. Entering and reviewing multistate allocation and apportionment data is simple and integration with Microsoft® Excel® lets you import and export apportionment spreadsheets, interest and dividend details, capital transactions and more.

Consolidation speeds processes
  • Provides both single and multi-tiered consolidation of business tax returns.
  • Includes Disregarded Entities and Single Member LLCs.
  • Provides both columnar and stacked consolidated supporting statements.
  • Allows simple navigation to all returns in a consolidated group through an inter-return navigation feature.
Get specific help with the 1065/Partnership Module
  • Allocate any or all distributive share items using time segmented, effective ratio, single/multiple tier or residual allocation.
  • Use amounts, percentages, units or any combination to allocate income, deductions and other Schedule K-1 items.
  • Integrate with Microsoft® Excel® using powerful K-1 import/export spreadsheet templates.
  • Automatically transfer partner interest using percentages or amounts. 
Save time with G/L Direct
  • Easily convert trial balance information from your accounting system or Microsoft® Excel® spreadsheets into 1120, 1065 or 990 returns.
  • Save time by handling adjusting and tax journal entries, producing trial balance workpapers and automatically totaling and classifying information before linking to the business tax returns.
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