InSource Income Tax is an integrated and complete tax management solution for corporate enterprises with global operations needing comprehensive tax compliance capabilities to automate federal and state tax compliance processes for corporate returns.

InSource Income Tax provides complete return processing capabilities for federal single company and consolidated returns, single company state returns, state combined/consolidated returns, and many city/local returns.

Comprehensive Functionality

Prepare federal, state, and local income tax returns including separate, combined/consolidated, and unitary returns.  Simplify the determination of the U.S. tax benefits derived from international operations with the calculations for foreign earnings and profits and deemed paid credits.  Everything you need for virtually every type of return.  InSource gives you more than 2,500 federal, state, and local forms including Forms 1120, 1120-F, 1120-L, 1120-PC, 1120-C, 1120-REIT, 1120-RIC, 1120S, 1065, 5471, 8858, and 8865.

The Platform That Best Fits Your Business Needs – It’s Your Choice

InSource offers a web-based solution, which is hosted at Thomson’s world-class data center in Eagan, Minnesota, or an in-house (client/server) solution – it is up to you. The exceptional features and benefits of our software remain the same no matter which platform you choose.

With a web-hosted solution, you leverage the power of the Internet to experience lower costs of ownership.  The architecture enables data conferencing, interfaces with other software packages, and message alerts, all of which enhance your company’s workflow, processes, and efficiencies without software maintenance or data storage costs.

InSource for Insurance

Automation for the complex world of insurance income tax preparation

InSource automates the tedious process of reconciling your statutory financial data with IRS code and U.S. Treasury regulations.  The system also automates compliance with the unique laws of each state and many cities.  Plus, it gives you the flexibility to maintain your company’s unique position on certain tax issues.

InSource Income Tax for Insurance Companies includes the forms and schedules needed to prepare your 1120-PC and 1120-L forms.  It automates computations including all carryovers, limitations, and tax credits.  There’s never a need for side calculations or for supplemental software. If you want to review items on the return, you can hyperlink to supporting detail from almost any line on the return.

InSource for Partnerships

All the benefits of InSource tax automation for partnerships

InSource 1065 automates federal, state, and many local partnership return processing.  It automatically and seamlessly flows data from component to component, improving tax department productivity while reducing errors.

As do all InSource Income Tax systems, our partnership system enables you to import data from your accounting systems, saving countless hours of data entry time.  To make return preparation even easier, calculated and summarized trial balance amounts flow automatically to federal, state, and local forms.

InSource for S Corporations

Simplify the filing process facing today’s S Corporations

InSource enables you to:

+ Calculate weighted average shares-per-day for up to 24 periods – calculates both cumulative shares and ownership percentages per period per shareholder
+ Compute pro-rata allocations to shareholders for any Schedule K item by dollar amounts or specified percentages, including residual and piggyback allocations
+ Provide provision for computation of built-in gains tax, passive income tax, and capital gains tax, including 1120 taxable income limitations
+ Includes state Schedule K-1 equivalents, qualified subchapter S subsidiaries (QSSS) with parent return, and shareholder basis tracking