|
The ProSystem fx Tax - Fiduciary module lets you easily manage all types of estate tax return and trust return issues, as well as distribution and Schedule K-1 (Form 1041) options. Increase efficiency with features that provide full flexibility for allocating and presenting deductions.
Gain Efficiency with Comprehensive Diagnostics and Powerful Distribution and K-1 Options
ProSystem fx Tax – Fiduciary also computes accounting income, estate tax return deduction, creates supporting worksheets, and offers extensive review and audit tools that include comprehensive diagnostics, worksheets, and recap statements for income from pass-through and beneficiary distributions.
You'll gain efficiency with powerful state and K-1 (Form 1041) options such as:
- Simple Trust
- Complex Trust
- Decedent’s Estate
- Grantor Trust
- Custodial / Agency Account
- Electing Small Business Trust
- Split Interest Trusts (Charitable Lead Trust, Grantor Charitable Lead Trust, Charitable Remainder Annuity Trust, Charitable Remainder Unitrust, Pooled Income Fund)
|
Speedy Calculating and Smart Features Give you Complete Control
Whether you're working on an estate tax return or trust tx return for a Simple Trust, Decedent's Estate, or Custodial/Agency Account, you'll benefit because ProSystem fx Tax - Fiduciary:
- Provides extensive computations for Form 1116.
- Distributes income based on amounts, decimals, or a combination of both.
- Allows for specific allocation of income classes, certain deductions, and credits to selected beneficiaries.
- Provides for a variety of distribution options, including first and second tier beneficiary allocations, per-beneficiary distributions, and the Section 66(b) (65-day) election.
- Creates detailed statements supporting all deduction allocations.
- Produces tax information letters for grantors, custodial/agency accounts and non-resident beneficiaries.
- Provides an option to create a beneficiary tax information letter in conjunction with a Schedule K-1.
- Creates detailed statements supporting all deduction allocations.
- Offers several methods for allocating deductions to classes of
- income, including:
- Pro rata to all classes of income.
- In a specific order.
- Specific deductions to specific classes of income.
- Calculates federal and selected state NOL.
- Exports fiduciary K-1 data directly to ProSystem fx Tax – Individual, and applicable business returns.
- Minimizes your data entry with an intuitive Worksheet Interface.
- Simplifies your collection of client federal tax data using a printable Organizer.
|
Simplify Production of State Returns
Continue to maximize productivity with simple-to-use state features, such as:
- Comprehensive programs that work seamlessly with federal data.
- Complete multi-state processing for nonresident returns, including the computation of credit for taxes paid to non-resident states.
- Ability to drill down to individual items to ensure itemized calculation accuracy.
|
Decrease Non-billable Hours Through Tight Integration
ProSystem fx Tax drastically reduces wasted time on redundant manual data-entry and works with your existing software through integration with the ProSystem fx® Suite, as well as Microsoft® Office products. You can:
- Store a PDF or selected pages of the tax return in Document.
- Automate project status updating in Practice Management.
- Transfer depreciation and asset disposition information to and from Fixed Assets.
- Import or export beneficiary data with Microsoft® Excel.
- Import asset, depreciation and disposition information from Sage FAS asset management software.
- Use context-sensitive links to IntelliConnect and CCH@Hand, along with integration to ClientRelate.
|
|
ProSystem fx Tax - Fiduciary includes these federal forms and schedules:
Form 1041-ES
Form 1041
- Schedule C
- Schedule C EZ
- Schedule D*
- Schedule E
- Schedule F
- Schedule H
- Schedule I
- Schedule J
- Schedule K-1
Form 56
Form 56-A
Form 56-F
Fomr 706-GS
Form 982
Form 1041-A
Form 1041-T
Form 1045
Form 1116*
Form 2210
Form 2210F
Form 2848
Form 3468
Form 3800
Form 4136
Form 4255
Form 4562
Form 4684
Form 4720
Form 4797*
Form 4810
Form 4835
Form 4952*
Form 5227
Form 5884
Form 5884-A
Form 6198*
Form 6252*
Form 6478
Form 6765
Form 6781
Form 7004
Form 8082
Form 8275
Form 8275-R
Form 8453-F
Form 8582*
Form 8582-CR
Form 8586
Form 8594
Form 8621
Form 8801
Form 8821
Form 8822
Form 8824
Form 8826
Form 8844
Form 8846
Form 8855
Form 8868
Form 8879-F
Form 8886
Form 8903
Form 8910
Form 8925
From 9832
Form 90-22.1
Form 926
* Includes AMT version
|
Fiduciary State, City and County Returns
- Alabama
- Alabama PPT
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Michigan MBT
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island *
- South Carolina
- Tennessee
- Utah
- Vermont
- Virginia
- West Virginia *
- Wisconsin
* Composite Return also available
|
|
|
