Thomson Reuters Logo - 30%
February 18, 2014

1041 Final Forms Released
 

ONESOURCE Trust & Estate Administration

recently announced the initial release of the 1041 Federal Fiduciary Income Tax program for 2013, as well as NY, NC, PA and VA state programs.
 
The Federal version includes some DRAFT forms and E-Filing is disabled.  Please read the release notes for more information.
 
Note:  1041 E-filing charges for the 2013 filing year are $10 per Federal return and will be invoiced on a monthly basis as you file your returns.  Binder numbers are included on the invoice, so that you can match them to your clients.
 
The released program is listed below.  Please visit our software download site at www.oteasoftware.com to access the download.   

 

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

Product Information Sessions

Join us for one of our free online Product Information Sessions. 
  • Wednesday, February 19, 2014 at 2:00pm EST
  • Wednesday, February 26, 2014 at 11:00am EST
Each session will last approximately 45 minutes, followed by an opportunity for topic related questions. 

Agenda:
  • Using ONESOURCE 1041 to e-file returns

**IMPORTANT**
To attend an online User Group, you must have access to the internet and an outside phone line. 

Click below to attend: 



or contact your Customer Sales Representative 800-331-2533. 




709 Final Forms Released

On December 18th, 2013 ONESOURCE Trust & Estate Administration released the Federal 709 program for 2013 which includes the Final Forms.

 

Important:  An update has also been released for the Web Registration program.  This update is mandatory for all installations and updates as of 1/15/2013.  If this update is not applied, further registrations will prompt for the update.

  

Please see the Readme file or the application Help menu for further details regarding the releases. Visit our software download site at www.oteasoftware.com to perform the downloads.  

 

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


2013 709 Online Training Sessions

Onesource Trust & Estate Administration will be holding online training sessions for the 2013 709 program. These sessions will last between 60 and 90 minutes. To register please use the links provided at the end of the article. 

Note: Training Sessions are limited to 60 REGISTRANTS PER SESSION
 
709 Online Training: 
  • Program overview 
  • Creating returns from prior year
  • Creating charitable and non-charitable donees
  • Entering gifts
  • GST exemption calculations
  • Review gift tax forms and schedules
  • Printing the 709 and supporting schedules
Register Below:

zCalc Screenshot
2014 zCalc Estate Planner Release
 
ONESOURCE 2014 zCalc Estate Planner is now available for download.  Review the Help files for more details on this year's changes. 
 
The features updated in the program for 2014 include: 
  • Income, Payroll and Pension Functions
  • Estate, Generation Skipping Transfer Tax and Gift Tax
  • Advanced Estate Tax Calculator
Important: You will have 45 days of use upon installation before the program will require registration.  This can be accessed in advance by going to Help - Registration. 
 

Please see the Readme file or the application Help menu for further details regarding the releases. Visit our software download site at www.oteasoftware.com to perform the downloads.

   

If you have questions about your license or would like information about purchasing zCalc, please contact your Sales Representative at 800-331-2533. 


Antivirus, Backups, and ONESOURCE Trust & Estate Administration Programs

As you may have read recently, there are a lot of viruses going around that are infecting world-wide companies and home users' computers causing issues.

 

ONESOURCE Trust & Estate Administration understands that it is necessary, for overarching security, to keep an Anti-virus application installed. However, the presence of the Anti-virus application is not a 100% deterrent to infections.  Some virus infections rely upon "user intervention" in order to gain access to your computer.

 

Please exercise caution when opening emails from senders that you don't recognize.

Please also exercise caution when opening attachments (that you may or may not have requested) from senders that you DO recognize.

 

One recent widespread virus infection, known as "Cryptolocker", is a good example of a virus with extremely bad effects. It utilizes emails sent from "known senders" to trick the recipient into opening the attachment, thereby loading the virus onto your computer.

This virus then causes all common document and data files on your computer to be encrypted - and even those that you have access to on the network - and tells you that you "need to pay $300 or more dollars" to regain access to your files.

The only recommended way to retrieve them is to restore them from a known good backup.

 

This brings up the second point.The ONESOURCE Trust & Estate Administration programs do NOT have a built-in capability for backing up data created by the programs.

While we do offer the Archive Manager utility for download, this utility is NOT intended to be used as a backup application, but for file portability and temporary archiving of data.

 

It is highly recommended that users of the ONESOURCE Trust & Estate Administration software (and ideally, of any software) have some sort of regularly scheduled backup to storage media or external services.

 

In our dealings with firms over the last 15 plus years, we've discovered a whole range of backup systems in place.  We've also discovered some firms have no regular backup procedures, or (almost as bad) procedures that don't work or aren't followed.

 

As an example, our office utilizes a two-step backup process.

Monday through Thursday, on a daily basis, all files that have changed on the network are backed up to a "Weekly" backup tape.

On Friday, a new "Weekend" tape is used to back up the entire contents of the network.

All tapes are stored off-site for up to 4 weeks.

Every 4th week, the tapes are shipped to another location (again, off-site storage) and a second set of tapes is used for the next 4 weeks.

Once the second set of 4 weeks elapses, the original set of tapes is sent back to our office, and the second set is sent away.

 

The act of shipping off-site ensures data safety (primarily protection from catastrophic events) and allows us to keep approximately 60 days of backups quickly available.

Additionally, "test restorations" are done every 60 days to ensure the viability of the backup.

 

ONESOURCE Trust & Estate Administration understands the work that goes into utilizing our applications and in the industry for which we develop software.  We want you to be safe and know that your data will be recoverable in the event of a catastrophic occurrence.

 

 

ONESOURCE Trust & Estate Administration

 

To contact us:

 

Sales:

Phone:  (800)331-2533

Email: ONESOURCESales.TrustEstate@thomsonreuters.com   

    
Support: 

Phone:  (800)488-5567

Email: ONESOURCESupport.TrustEstate@thomsonreuters.com  

 

Address:

815 East Gate Drive 

Suite 103 

Mt. Laurel, NJ 08054


STAY CONNECTED

Facebook    Twitter    LinkedIn    Pinterest