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ONESOURCE
FUNCTION:
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The ONESOURCE Interface creates a file ready to import to ONESOURCE Trust Tax,
which is offered by Thomson Reuters. This is the same software that was formerly
named TrustEase, offered by Fast-Tax.
Once the file is imported, you can either use the ONESOURCE Trust Tax software to
prepare returns yourself, or engage the tax specialists at Thomson Reuters to prepare
the return. You can even have a mixed strategy, where you prepare the easy returns and
outsource the complex ones.
The recommended schedule is to export a file each month so you can review as you go
along. This makes the tax preparation at year-end go much faster.
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ONESOURCE Trust Tax offers a very complete suite of returns, including 1041, 5227, Schedule
K-1, and all state returns. |
BENEFITS:
The ONESOURCE Interface adds value to the core system by …
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- saving time that would otherwise be spent hand-entering client information and
amounts into the ONESOURCE Trust Tax software.
- providing complete accuracy of data without spending time hand-checking.
- making it practical to produce tax returns in-house rather than spending money on an
outside preparer.
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