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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.
 
The Functionality You Need to Handle All Your Allocation Work
 
ProSystem fx Tax simplifies your allocation work by providing you with the ability 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.
  • Allocate excess basis adjustments under IRC Section 754 from depreciation detail.
  • Allocate income, deductions, and tax preference items on an activity-by-activity basis.
ProSystem fx Tax Partnership helps you perform all the essential tasks for keeping your clients in compliance. Our partnership module provides:
 
  • The ability to schedule K-1 multiple activity statements for each partner.
  • Batch filing of extensions for federal and state returns.
  • e-file all federal and selected state returns.
  • Flexible partner letters, instructions, and labels — you can even include customized letterhead.
  • Extensive calculations for foreign partners and foreign partnerships.
  • Efficient output of Partner K-1 Packages to a combined PDF or to individual PDF files.
  • Federal partner basis worksheets to track the partners’ outside basis in the partnership.
  • Activity-level partner basis schedules.
  • Export of Schedule K-1 data and pass-through data to Microsoft® Excel®.
  • Alternative Minimum Tax versions of Schedule D, Form 4797, Form 4952, and Form 6252.
  • Imports and exports of partner K-1 data directly to Individual and all business returns
  • Form by form integration with the U.S. Master Tax Guide® and CCH® Tax Prep Partner Series™.
  • Efficient supporting statements for every Schedule M-3 line.
  • Schedule K-1 summary statement for foreign transactions.
  • The ability to change recourse debt to nonrecourse debt for LLP/LLC managing partners/members.
  • Alternative Minimum Tax Partner Basis Worksheets.
  • Texas Franchise Tax Combined Reports automated to gather data from affiliate returns prepared in ProSystem fx Tax.
 
Federal Forms and Schedules
View a PDF of all supported schedules, forms and states.
  • Form 1065
    • Schedule A
    • Schedule B
    • Schedule C
    • Schedule D*
    • Schedule F
    • Schedule K
    • Schedule K-1
    • Schedule L
    • Schedule M-1
    • Schedule M-2
    • Schedule M-3
    • Form 8916-A
  • Form 1065B
    • Schedule A
    • Schedule B
    • Schedule C
    • Schedule D
    • Schedule K
    • Schedule K-1
    • Schedule L
    • Schedule M-1
    • Schedule M-2
    • Schedule M-3
    • Form 8916-A
  • Form 970
  • Form 982
  • Form 2439
  • Form 2848
  • Form 3115
  • Form 3468
  • Form 4136
  • Form 4255
  • Form 4562
  • Form 4684
  • Form 4797*
  • Form 4835
  • Form 4952*
  • Form 5471
  • Form 5713 
  • Form 5884
  • Form 5884-A
  • Form 6252*
  • Form 6478
  • Form 6765
  • Form 6781
  • Form 7004
  • Form 8082  
  • Form 8275
  • Form 8275-R
  • Form 8283
  • Form 8308
  • Form 8453-B
  • Form 8453-PE 
  • Form 8586
  • Form 8594
  • Form 8609
  • Form 8609-A
  • Form 8611
  • Form 8621
  • Form 8697
  • Form 8716
  • Form 8752
  • Form 8804
    • Schedule A
  • Form 8804-C
  • Form 8804-W 
  • Form 8805
  • Form 8813
  • Form 8820
  • Form 8821
  • Form 8822
  • Form 8824
  • Form 8825
  • Form 8826
  • Form 8832
  • Form 8833
  • Form 8834
  • Form 8835
  • Form 8844
  • Form 8845
  • Form 8846
  • Form 8847
  • Form 8858
  • Form 8861
  • Form 8864
  • Form 8865
  • Form 8866 
  • Form 8873
  • Form 8874
  • Form 8878-A
  • Form 8879-B
  • Form 8879-PE 
  • Form 8881
  • Form 8882
  • Form 8886
  • Form 8893
  • Form 8896
  • Form 8900
  • Form 8903
  • Form 8906
  • Form 8907
  • Form 8908
  • Form 8909
  • Form 8910
  • Form 8911
  • Form 8912
  • Form 8916-A
  • Form 8923
  • Form 8925
  • Form 8931
  • Form 8932
  • Form 8933
  • Form 8936
  • Form 90-22.1
  • Form T
*Includes AMT version
 
Partnership State, City and County Returns
 
    • Alabama*•
      • Privilege Tax
    • Arizona•
    • Arkansas*•
    • California*•
      • Nonresident Withholding Annual Return
    • Colorado•
    • Connecticut*•
    • Delaware•
    • District of Columbia*
    • Florida
      • Tangible
    • Georgia•
    • Hawaii
    • Idaho
    • Illinois*•
    • Indiana*•
    • Iowa•
    • Kansas•
    • Kentucky*
      • Tangible
      • Lexington
      • Louisville
    • Louisiana•
    • Maine•
    • Maryland•
    • Massachusetts•
    • Michigan SBT•
      • Battle Creek
      • Detroit
      • Flint
      • Grand Rapids
      • Highland Park
      • Lansing
      • Muskegon
      • Muskegon Heights
      • Pontiac
      • Port Huron
      • Saginaw
    • Minnesota*•
    • Mississippi•
    • Missouri•
      • St. Louis
      • Kansas City
    • Montana*
    • Nebraska*
    • New Hampshire
      •  Interest and Dividends Tax Return
    • New Jersey•
    • New Mexico•
    •  New York*•
      • MCTMT
      • New York City
      • Yonkers
    • North Carolina*•
    • North Dakota•
    • Ohio•
      • Counties
      • Akron
      • Cincinnati
      • Columbus
      • CCA
      • RITA
      • Generic form R
    • Oklahoma•
    • Oregon•
      • Multnomah County
      • Portland
    • Pennsylvania*•
      • Philadelphia
    • Rhode Island*•
    • South Carolina•
    • Tennessee*•
      • Franchise Tax Interest and Dividend Tax
    • Texas
    • Utah•
    • Vermont
    • Virginia
    • West Virginia•
    • Wisconsin•
      • Recycling Surcharge Return
    *LLC also available
    • Composite Return also available
     
    Decrease Non-Billable Hours through
    Tight Integration
     
    ProSystem fx Tax works seamlessly with the 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 will 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.
    • Import data from ProSystem fx® Write-Up.
    • 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™ and CCH@Hand, along with integration to ClientRelate™.
    • Use a dynamic 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.

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