Setting the standard for U.S, tax compliance

Over the course of our nine year history, it has been our goal to develop Tax Series so that it may become a complete tax processing support tool for large corporations. Along the way, we have achieved astonishing results that have yet to be experience by any other tax software vendor.

A perfect example of this is that our clients can produce desired consolidated taxable income using allowable foreign source income inclusion rules from hundreds of controlled foreign corporations (CFC) on a real-time basis. As part of the same calculation, we produce the foreign tax credit dynamically so the interaction with other credits can be determined easily. This level of dynamic calculation cannot be achieved without full integration of CFC tax computations and domestic consolidation. In short, we have reduced the compliance processing cycle for our clients by way of integration and added positive value to the corporate tax compliance group.

At the same time, we have created a global collaborative platform so that everyone from around the world can participate in the tax filing process at the same time. We have thousands of foreign controllers producing local tax computations that are reflected in the U.S. FAS 109 computations directly as part of the year-end and quarterly closing processes. Additionally, we have foreign financial controllers and tax controllers participating in a project to provide U.S. compliance information that flows to Forms 5471, 8865, and 8858. Tax Series then allows for the flow of the provision data to compliance data collection so that the burden of compliance data collection is substantially alleviated globally. We have established third-party service providers around the world that participate in the data collection and partial production of Forms 5471, 8865 and 8858. This level of collaboration significantly reduces the overall cost of tax administration while sustaining an unprecedented level of precision.

Coupled with a global collaboration platform, we designed a data retention tool as part of Tax Series so that global participants can store supporting data while they are working on each of their projects. In turn, this allows for documentation to be completed contemporaneously. Global participation is managed through security implementation in order to delineate the responsibility of each participant while expediting the tax filing process

Features Incorporated into Tax Series:

• Centralized database that shares common data in order to reduce data redundancy
• Bring in the data once, use it for various purposes
• Reduce reconciliation efforts
• Allow normalization of various unstructured data…Complete integration between FAS 109 and US tax compliance
• Return preparation starts at the end of provision process
• Complete integration of data collection into the provision process
• Detailed local country tax computation to U.S. FAS 109 integration
• Complete integration of data collection to the compliance process
• International compliance
• Federal compliance
• State compliance
• Large volume processing
• U.S. corporate (Form 1120)
• U.S. partnership with large volume K-1s effective tax rate
• International entities (Form 5471, 8865 and 8858)…Complete integration across international, federal, and state compliance
• Complete transparency from tax forms to general ledger detail….Facilitate the use of multiple general ledger source data standardization within Tax Series
• Flexible yet comprehensive automatic adjustment mechanism
• Multi-year database to eliminate need for data duplication and reconciliation
• Tax calendar with e-mail notification to facilitate due date management and global risk management
• Statement and election production automated through EventTracker
• Entity management through the utilization of eLegalDirectory….Tax data management integration through the development of AuditTracker
• Extending the benefits of tax compliance to tax planning by the development of the Distribution Planning Wizard
• Production of business intelligence by way of Executive Dashboard
• eFileManager to help companies aggregate any source XML or transmission files
• eFileReviewer to help companies review the content of the transmission file

Proactive Support

During the tax return season, we appoint a designated support representative to your company who will contact your team and provide diagnostic reports on regular basis.

• Tax return set up diagnostics
• Return content diagnostics
• eFiling error diagnostics

Specific Tax Series Compliance Modules

• e1120
• e1118
• e1065
• e5471
• e8865
• e1120F
• e1120PC
• e1120L
• eStateCompliance