WITHHOLDING MANAGEMENT
The Withholding Management module of ONESOURCE Tax Information Reporting enables you to track the tax liability deposit due dates for various federal and state jurisdictions by providing your liability and deposit records, and then reconciling the information.
After reconciling, ONESOURCE Tax Information Reporting will provide the information you need to meet deposit and filing responsibilities.
Our software and services support three types of tax withholding:
- Form 945: 1099 tax withheld
- Form 941: W?2 tax withheld
- Form 1042: 1042 federal tax withheld.
Our solution helps you determine remittances, and retain transaction, deposit remittance, and adjustment details. ONESOURCE Tax Information Reporting ensures that your organization is fully compliant to avoid penalties with regards to over and under reporting and the failure to pay.
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