Consolidate 1120 or 1120S returns

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Consolidate 1120 or 1120S returns

June 21, 2023

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Get updates on the connectivity status of your firm's online product(s), including reports of service disruptions. Extended hours (9am to 7pm) are January 2-31 (weekdays; regular hours on January 15) and December 2-30 (weekdays). End-to-end tax workflow automation solutions for tax preparers and accountants. See how GoSystem Tax RS provides a sophisticated web-based system that provides the power to handle your most complex tax scenarios. Review consolidated filings with the SubView module, which itemizes member amounts for each line of the return.

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Tax return assembly & delivery automation for individual and entity returns, with a superior client experience. Cryptocurrency tax reporting software that streamlines the compliance workflow process. Process individual, corporate, and partnership returns with timesaving tools, such as the Allocation and Apportionment module.

  1. The software serves clients filing all return types — including multitiered consolidated corporate returns, life insurance returns (including mixed group filings), and tax equalization returns.
  2. GoSystem Tax RS offers excellent integration options, integrating with Accounting CS and Workpapers CS, Trial Balance CS, Write-Up CS, FileCabinet CS, and GoFileRoom, as well as AdvanceFlow, a cloud-based audit management application.
  3. Because all work is handled online, you’ll pay less in maintenance costs, face fewer storage issues, and rest easy with assured business continuance.
  4. Be ready to e-file your clients' 1040 returns this tax season with these helpful resources.

Tax and accounting regions

Protect your data with multiple layers of security, including network security, virus protection, encryption schemes, and more. Process your clients' payrolls more effectively with this collection of useful resources. Find answers to common questions and information on advanced technical issues. From AI-driven solutions to cutting-edge advancements in digital transformation, find out what’s next from Thomson Reuters at SYNERGY 2024. Find out how to reach our Customer Service and month end close process Support representatives by phone or online. Find all the help you need, right here — including technical support, training, and advice from other Thomson Reuters Onvio customers like you.

Data can also be imported directly to the application from a variety of applications if necessary. GoSystem Tax RS supports both federal and state e-filing, with users able to validate returns prior to e-filing. Another handy feature is the ability to click on any line on a completed tax form to display an audit trail for the amount displayed. Diagnostic messages are also available in the application and users can easily view processing results as they are entered using the auto-compute feature.

GoSystem Tax RS is well suited for firms preparing multitiered consolidated corporate returns, life insurance returns, and tax equalization returns, though the program handles individual returns as well. GoSystem Tax RS is optimally designed for mid-sized to larger accounting firms that handle a variety of complex returns for their clients. With extensive integration capability with CS Professional Suite along with various third-party applications, users have access to the data and documentation needed to easily process even the most complicated return. GoSystem Tax RS pricing is customized for each firm, starting at around $4,000 annually for a single-user system. GoSystem Tax RS is well suited for firms preparing multitiered consolidated synergies definition types + examples in business corporate ...

Audit & accounting

In this demonstration you’ll explore the processes for MyTaxInfo, and see how it can make the collection of tax information from taxpayers easier and more reliable. You’ll also see how MyTaxInfo virtually eliminates transcription errors, ensures accuracy, improves speed and efficiency, and how it can be customized for your firm and client needs thanks to its complete integration with GoSystem Tax RS. Be ready to e-file your clients' 1040 returns this tax season with these helpful resources.

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CS Professional Suite

Though offered online exclusively, users can work online or off-line, with all data entered quickly uploaded once an online connection is re-established. GoSystem Tax RS offers excellent integration options, integrating with Accounting CS and Workpapers CS, Trial Balance CS, Write-Up CS, FileCabinet CS, and GoFileRoom, as well as AdvanceFlow, a cloud-based audit management application. Other integrations include Practice CS, Fixed Assets CS, and Planner CS, which allows user to create multiple tax strategies for their clients in order to minimize tax liability. Tackle the most complex tax returns, such as multitiered consolidated return processing for corporations and partnerships.

GoSystem Tax RS offers solid help functionality, with users able to access help directly from any user interface screen. There are a variety of online tools and resources available including an online community, where users can share information and ask questions of fellow users. Users accumulated depreciation definition can also access product support via the support page, or by using the toll-free number provided. Along with the Thomson Reuters applications mentioned above, GoSystem Tax RS also integrates with a variety of third-party applications such as EMC Documentum, SurePrep, and Copanion, which all use OCR processing technology. Users can also easily access research content from applications such as Checkpoint, PPC Deskbooks, and Partner Bridge. GoSystem was one of the first tax compliance software applications to offer an online accessible tax compliance application, with firms able to choose accessibility through an online virtual office or to access GoSystem Tax RS as a SaaS application.