Streamline your business tax returns and optimize your productivity with all the tools you need to tackle any corporate return and meet all corporate tax compliance requirements. Tax helps you:
- Speed preparation time on your business tax returns with seamless G/L and trial balance integration linked to related tax returns.
- Manage and automate more of your existing tax workpapers for faster and more accurate results.
- Eliminate tedious overrides and manual entries with full Schedule M-3 calculations and support.
- Overcome staffing shortages by working smarter with the most complete integrated income tax and workflow solutions.
ProSystem offers a powerful portfolio of products that deliver comprehensive federal and state capabilities, including the following modules for your business tax returns:
- 1120/Corporate — Contains 1120, 1120S, Consolidated (1120, 1120S, 1120-L, 1120-PC, 1120-REIT), 1120-C, 1120-F, 1120-H, 1120-IC-DISC, 1120-POL, 1120-RIC, 1120-REIT, 1120-FSC, 1120-L and 1120-PC
- G/L Direct
- ProSystem fx Package — Contains 1040 Individual, 990 Exempt Organization, 1041 Fiduciary, 706 Estate, 709 Gift and 5500 Deferred Compensation
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.
- Speeds preparation and review time of your business tax returns with an intuitive worksheet interface and bi-directional Microsoft® Excel® templates and workpapers.
- Enables faster on-screen reviewing with Prior Year numbers displayed in worksheet views and grids.
- Links directly to government form instructions at IRS and state revenue department websites.
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.
With the 1065/Partnership module, you can:
- 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. Cuts the preparation time on your business tax returns significantly and ensures you meet tax compliance requirements.
Save time with G/L Direct.
G/L Direct, a time saving productivity tool, is available with the Tax compliance system. G/L Direct helps you:
- 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.
Save time with an automated tax solution. Contact us today