Trust Tax & 1099 Software

ONESOURCE Trust Tax software gives you the look, feel and control of an in-house tax system while freeing you from expensive hardware and software investments, maintenance and data management.

ONESOURCE Trust Tax software is the most comprehensive trust tax compliance software available. It's used by more than 500 organizations to process almost two million tax returns annually.

The software automates all phases of the tax process, from the initial bridging of trust accounting data to the final printout of a completed tax return. It handles virtually every type of return, including federal and state estimates, 1041, 1099, 990, 5227 and 1041A Forms.

Data Management

From the initial data bridge to the printing of tax returns, ONESOURCE Trust Tax software simplifies the entire data management aspect of trust tax preparation. We have close relationships with the major trust accounting vendors who electronically transmit, or bridge, your data to Thomson Reuters each month.

Tax-related information from your trust accounting system is extracted to populate the ONESOURCE Trust Tax software database. Your trust tax data is stored on our servers and all upgrades, maintenance, disaster recovery, and security issues are handled by Thomson Reuters. System updates are available the moment they're implemented. Monthly, weekly, or daily data feeds enable your tax preparers to manage current tax data throughout the year, instead of the typical year-end rush.

All tax data for estimates, tax returns, 1099s and tax letters is located in one place and all processing is completed at Thomson Reuters. You always work with the most current data, calculations and tax forms to deliver accurate and timely tax letters in less time with less effort-at lower overall costs

Security

To ensure your data is safe from unauthorized parties, yet available to you at any time, we developed and maintain our own multitier secure data center- we never use third-party hosting.

Additionally, it provides a flexible security system that enables you to set security rights for users, including access and editing rights, so you control access to information within your organization.

Daily data archives, along with the employment of sophisticated backup technology, advanced security systems and a disaster recovery plan that provides for full data replication and recovery, help ensure your valuable trust tax data is secure.

Your data cannot be accessed by unauthorized parties, or lost due to system failures or outages. As part of our ongoing commitment to providing a secure environment, we complete a Statement on Auditing Standards (SAS) 70 Type II audit of our data center annually, where control policies and procedures are evaluated and tested.