Trust Tax Wealth management and fiduciary tax compliance software

Trust Tax

Take the complexity out of Trust Tax reporting

Hear From Your Peers

This Trust Tax customer interview was conducted with Joe Hull, one of our 2016 Taxologist Award finalists for the Excellence in Trust Tax Management category.

Get comprehensive solutions from the trust tax leader serving financial institutions around the U.S. Rely on ONESOURCE Trust Tax for the software and support you need to prepare and file your fiduciary tax returns. Our automated process helps you bridge the data from your trust accounting system and create clear, compliant reporting and documentation.

The market-leading approach to fiduciary tax compliance

For more than 50 years, we have been the trusted resource that most fiduciaries and trust tax managers use. ONESOURCE Trust Tax from Thomson Reuters has the software to meet every U.S. federal and state requirement.

ONESOURCE Trust Tax provides wealth managers with an integrated compliance solution. Our wealth management software automates the fiduciary tax process from data management to tax filing and tax information furnishing. To accomplish this, our trust tax software interfaces with every trust accounting system available.

We help you with:

  • Income reallocation of mutual funds and royalty trusts:
    • Qualified/non-qualified dividends
    • Return of capital
    • State reporting for municipal mutual funds
    • RIC and REIT reporting

  • Widely Held Fixed Investment Trust (WHFIT) reporting:
    • Original Issue Discount (OID) reporting
    • Unit Investment Trust (UIT) reporting, including commodity trust
    • Mortgage-Backed Securities (AMBIR) reporting, including REMIC and other structured MBS assets and MBS pools
    • Real Estate Mortgage Investment Conduit (REMIC) reporting

  • Cost-basis reporting

  • Wash sale identification

Our fiduciary tax compliance software automates your process, handling every type of return (1041, 5227, 990 series), information reporting (1099), and federal and state quarterly estimates. We also offer electronic delivery of tax documents, which can save time and money by giving beneficiaries direct access to their information and documents.

Provide your clients immediate access to 1099 Data

Your customers can now import 1099/1098 tax information generated from ONESOURCE Trust Tax directly into Intuit TurboTax.

Learn more about our solutions:

1041 Trust Tax

1041 Trust Tax

ONESOURCE Trust Tax is a comprehensive solution for creating and filing 1041s and other trust tax returns (such as 5227 and 990 series). Read about our 1041 trust tax software

Administrator Workstation

Administrator Workstation

Administrator Workstation provides client-facing personnel with immediate access to tax information via the ONESOURCE Trust Tax database. Read about our Administrator Workstation

1042-S Trust Tax

1042-S Trust Tax

Form 1042-S trust software solutions for fiduciary reporting. Read about our 1042-S Trust Tax

Trust Tax Form Delivery

Trust Tax Form Delivery

Electronic Tax Form Delivery to beneficiaries and recipients lets you provide beneficiaries with instant access to their documents via a secure website. Read about our Trust Tax Form Delivery

WorkFlow Manager for Wealth Management

WorkFlow Manager for Wealth Management

Comprehensive document and workflow management with ONESOURCE WorkFlow Manager for Wealth Management. Read about our WorkFlow Manager for Wealth Management

Data Management and Security

Your trust tax data is stored on our servers and all upgrades, maintenance, disaster recovery and security issues are handled by Thomson Reuters. All tax data for estimates, tax returns, 1099s and tax letters is located in one place and all processing is completed at Thomson Reuters.

You always work with the most current data, calculations and tax forms to deliver accurate and timely tax letters in less time with less effort-at lower overall costs. This helps your tax preparers manage current tax data throughout the year, instead of during the year-end crunch.

Our proven data security system includes storage in our own multi-tier data system. We archive data daily and have developed fail-safe data replication and recovering systems to ensure the security of your data.

Our internal controls are regularly evaluated and tested. Your data cannot be accessed by any unauthorized parties. With our own storage system, however, we can let you set up tiered security rights for users, and allow access through your organization.