ONESOURCE FastFacts Spring 2011 Newsletter

ONESOURCE Trust & Estate Administration

FastFacts Newsletter

In This Issue

ONESOURCE e-filing

New zCalc Update Available

Live User Groups

Preparation Services Seminar

Data Analysis Tools

Be sure to receive all the latest updates

Live User Groups

5/12/11

5/18/11

5/19/11

5/25/11

6/8/11

6/9/11

Spring 2011

Thomson Reuters ONESOURCE

Software and Services

You Know and Trust

1041 E-Filing With ONESOURCE

Thomson Reuters has enhanced its industry-leading ONESOURCE Trust & Estate Administration software to include e-filing capabilities for the Federal Fiduciary Income Tax and New York State Fiduciary Income Tax returns (1041 & NY IT-205).

The upgrade is designed to meet the complicated demands of legal and banking professionals who work with fiduciary tax returns. It is also in keeping with the new IRS mandates.

Next tax season, any firm filing more than 10 Federal Fiduciary Income Tax returns will be required to file electronically, under the Worker, Homeownership, and Business Assistance Act of 2009. This change will impact thousands of firms and as usual, ONESOURCE Trust & Estate Administration is leading the way in keeping our clients current with tax law changes.

Our updates to the 1041 program were met with enthusiasm as clients navigated their way through the new system. They were especially grateful for our extended support hours and special online training sessions for 1041 e-filing. This tax season 32 ONESOURCE clients from 15 different states were able to successfully file 1399 Federal/NY Returns.

If you have any questions about 1041 efiling please contact the sales department at 800-331-2533 or refer to our e-filing guide provided below.

ONESOURCE Electronic Filing Guide

2011 zCalc program Recently Updated

An update to the ONESOURCE zCalc estate planning software for 2011 has recently been announced.

This update includes various estate, gift, and GST functions that add arguments for the new federal estate tax exemption portability beginning for dates of death in 2011 and the increases to the federal exemption with regard to inflation for years beginning in 2012. Also included in the update is a correction with various estate and gift tax functions when option 3 or "Freeze 2009" is chosen for the "Tax Law" input. For more information please review the Help file in the program for individual functions. A subsequent update is being planned to incorporate the inflation and portability into the Toolbox Planners and Calculators.

Please visit OTEA software to update your zCalc program.

If you have questions about your license, please contact your Sales Representative at 800-331-2533.

ONESOURCE Trust & Estate 10th Annual User Group

Join us for our 10^th Annual User Group Luncheon at one of the locations listed below. Learn about our Carryover Basis Form 8939 solution and have your questions answered by our trainer, Earl Linton.

The discussion will include:

Preparing for E-filing in the 2012 tax season
An overview of our new interactive Calendar Program
ESI Direct - a revolutionary solution to securities valuations

User Group Event 11:00 AM - 2:00 PM

Complimentary lunch will be served.

Thursday 5/12/11 Wilmington, DE

Wednesday 5/18/11 Philadelphia, PA

Thursday 5/19/11 Pittsburgh, PA

Wednesday 5/25/11 New York, NY

Wednesday 6/08/11 Boston, NY

Thursday 6/09/11 Stamford, CT

Register here for an event in your area. Learn how ONESOURCE products and services can work with you to enhance your firm's productivity.

Preparation Services Seminar

Fiduciary Accounting

and

Tax Preparation Services Presentation

In addition to the User Group we will also host a presentation of our Fiduciary Accounting and Tax Preparation Services at these locations, on the same dates, from 9:00AM until 10:30AM.

This FREE sales presentation is open to both clients and non-clients and includes a complimentary breakfast.

The agenda will include:

Preparation Services - A Back Office Solution. We are the largest and most experienced provider of fiduciary accounting solutions in the country.
85% of the top 200 law firms use our software and/or cosource with us to prepare trust and estate accountings and tax returns.
Come and hear how we can help you with all of your Fiduciary Accounting and Tax Preparation needs.

Register here for the free Preparation Services Presentation.

For additional information contact ONESOURCE Sales

800-331-2533

ONESOURCESales.TrustEstate@ThomsonReuters.com

ONESOURCE Data Analaysis Tools

ONESOURCE Trust & Estate Administration recently released its new Data Analysis Tool for the FAS program!

DAT allows you to: