Tax Technologies, Inc. ’s e1120 product allows domestic corporations to simplify their annual tax cycle procedures by providing remarkably user-friendly, intuitive software that provides complete transparency. Preparing large U.S. corporate income tax returns is a complex process and e1120 makes it easier. It helps to simplify the largest consolidated return process as well as the single entity filing process.
Featuring unparalleled support mechanisms and organizational tools, e1120 expedites the process of reporting the income, gains, losses, deductions, credits, and overall income tax liability of a corporation, while minimizing the risk of inaccuracies and internal deficiencies. Certified by the IRS for electronic filing, e1120 makes e-filing intuitive and efficient.
General Features
- Allows users to start the return process based on provision data (if e1120 is used with provision module)
- Contains step-by-step screens that help guide users through the initial set-up process
- Provides step-by-step input screens that walk a first-time user through the return process
- Provides intuitive workpapers
- Offers flexible and efficient data imports that allows for easy data migration from various sources
- Integrates with unlimited number of general ledger systems, charts of accounts, and currencies
- Allows one-to-one mapping with multiple general ledger systems
- Allows users to map data into a user definable standardized chart of account format
- Allows users to post adjustments at a general ledger level or standardized chart level for flexible and efficient adjustment processing
- Provides the ability to create automatic adjustments
- Allows an automatic adjustment to be applied to selected entities
- Allows users to override automatic adjustments, if necessary
- Allows users to exclude adjustments from processing to facilitate what-if computations
- Provides superior handling of M-3 processing by way of adjustment mapping
- Lets users set up data at a business unit, branch, or any level lower than the legal entity performing legal entity consolidation automatically for return processing (as well as provision, planning, or other reporting purposes)