Domestic partnerships meeting certain requirements (generally large partnerships) are required to submit their tax returns in the IRS specified e-filing format. Our e1065 module allows domestic partnerships to produce an e-file, validate the data contents, and submit large partnership tax returns

Certified by the IRS for electronic filing, e1065 makes e-filing intuitive and efficient. By granting users the ability to import the majority of internally generated data with an easy-to-use validation processes, Tax Series simplifies data validation while making the return production process exceedingly more efficient. Producing a large partnership filing is far from easy. Tax Series not only makes it easier, but more efficient as well.

Are you tired of software that rivals e-filing requirements in complexity?

Experience software that is intricate in design but intuitive in use with e1065.

By incorporating the following features, e1065 can make domestic partnership filing procedures far less tedious and stressful on tax personnel:

General Features:

• Contains step-by-step set up screens that help guide users through the quick and easy initial set up process
• Provides step-by-step input screens that walk first time users through the return process
• Offers flexible and efficient data imports that helps users set the system up quickly
• Provides a built-in K-1 reconciliation report that allows users to identify the schedule K and K-1 difference quickly
• Provides intelligent address parsing and validation allowing users to handle exceptions quickly
• Handles unlimited general ledger systems, charts of accounts, and currencies
• Lets users map data into a standardized chart of account format
• Provides the ability to create time-saving automatic adjustments
• Lets users set up data at business unit, branch, or any level lower than entity while combining the data for provision, planning, or other purposes
• Allows applicable data to carry seamlessly from area to area; thereby reducing duplication of efforts and potential errors by letting users work in multiple tax areas with ease
• Provides multi-year capabilities that allows users to easily access prior year’s data and future years for comparing prior and current year data, auditing, or planning
• Produces fast and efficient calculations that alert users to the process stage status
• Provides partner allocation calculations using direct sourcing and apportionment methods
• Provides foreign source income tracking and corresponding expense apportionments
• Handles large volume returns (up to 100,000 K-1s per return)

Review Capabilities:

• Offers diagnostics that indicate if errors exist
• Generates easy to navigate forms for online review quickly
• Provides a comprehensive set of reports that lets users track and review every step of the single entity as well as the consolidated calculation process
• Creates easy to understand reports that users can print and/or integrate with Microsoft® Excel®.
• Makes it easy to create and navigate Form 1065, large volume of Schedule K-1s and related schedules
• Offers the ability to create a print binder and attach other forms if needed