ProSystem fx® Tax - Partnership

The ProSystem fx Tax - Partnership module provides extensive allocation capabilities to maximize your flexibility and control. Powerful state features and Schedule K1 (Schedule 1065) options save time‚ so your staff can be more productive.

You can use the ProSystem fx Tax - Partnership's extensive allocation capabilities to:

• Allocate all income‚ deduction and other Schedule K1 (Schedule 1065) items according to your specified amounts‚ percentages or units.
• Allocate liabilities based on end-of-year percentages.
• Allocate excess basis adjustments under IRC Section 754 from depreciation detail.
• Compute and distribute net self-employment earnings to each partner’s Schedule K1.
• Produce Alternative Minimum Tax versions of Schedule D‚ Form 4797‚ Form 4952 and Form 6252.
• Allocate income‚ deductions and tax preference items on an activity-by-activity basis.
• Efficient output of Partner Schedule K1 Packages to a combined PDF or to individual PDF files.
• Produce Schedule K1 multiple activity statements for each partner.

Put your allocation work on the right path. Contact us today — we’ll get you there.

ProSystem fx Tax - Partnership helps you perform all the essential tasks for keeping your clients in compliance, including:

• Batch filing of extensions for federal and state returns.
• E-filing of all federal and selected state returns.
• Extensive calculations for foreign partners and foreign partnerships.
• Tracking partners’ outside basis in the partnership using federal partner basis worksheets.
• Generating flexible partner letters, instructions, labels and even your own customized letterhead.

Put your allocation work on the right path. Contact us today — we’ll get you there.

ProSystem fx® Tax - Partnership works seamlessly with ProSystem fx® Suite, other CCH solutions, Microsoft® Office® products and other accounting software, drastically reducing your time spent on redundant manual data entry. These integration points allow you to:

• Store a PDF or selected pages of the tax return in ProSystem fx® Document.
• Transfer depreciation and asset disposition information to and from ProSystem fx® Fixed Assets.
• Simplify your audit process through integration with ProSystem fx® Engagement, CCH’s full-featured trial balance and paperless engagement system.
• Automate project status updates in ProSystem fx® Practice Management.
• Leverage context-sensitive links to IntelliConnect™, along with integration to ClientRelate™.
• Use a dynamic Schedule K1 (Schedule 1065) import/export of Partner Information, Allocation data and Partner footnotes with Microsoft® Excel®.
• Import asset, depreciation and disposition information from Sage® FAS asset management software.

Put your allocation work on the right path. Contact us today — we’ll get you there.

For a list of the forms, schedules and states supported for the ProSystem fx Tax Partnership module, check the PDF posted on the right side of this page.

Put your allocation work on the right path. Contact us today — we’ll get you there.

CCH offers onsite and online training for all levels of professional development, including courses that earn CPE credit. Whether you’re a novice or skilled user, our expert instructors, course content and learning tools offer the tips, tricks and solid explanations you need to transform your work processes.

Available training includes on-demand or online self-study options; Web-based and onsite training; and a variety of seminars and conferences, some at a location near you.

• IT Consulting
• Best Practices Consulting
• ProSystem fx Tax (Foundation) - Administrator
• ProSystem fx Tax (Global) - Administrator
• Introduction to ProSystem fx Tax (Foundation)
• ProSystem fx Tax (Foundation) - Introduction to Individual Returns
• ProSystem fx Tax (Foundation) - Introduction to Corporation Returns
• ProSystem fx Tax (Foundation) - Introduction to Partnership Returns
• Introduction to Electronic Filing
• Electronic Filing Refresher
• Introduction to Worksheet View
• Schedule M-3
• Utilizing ProSystem fx Tax (Foundation) in a Paperless Environment

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CCH Knowledge Base — In this online database of CCH software information, you’ll find step-by-step instructions, information on critical known issues and product documentation.

• Web ticket — Learn how to open a Web ticket online to submit your question directly to customer support.
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