New Tax Provision and Return Integration that Works the Way You Do

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•Automatically send state rate and apportionment data from ONESOURCE Income Tax to ONESOURCE TaxStream Provision to generate state-specific provision reports.

The enhanced integration will be available on Dec. 1 to all customers of ONESOURCE Income Tax (formerly InSource) and ONESOURCE TaxStream Provision (formerly TaxStream). “We continue to make major strides in enhancing the functionality of our market leading corporate tax products and specifically in the integration across products, thereby enabling our customers to further leverage their investment in Thomson Reuters solutions,” said Harpaz.

ONESOURCE TaxStream Provision is a global provision platform that seamlessly integrates with General Ledger and Return Systems, ONESOURCE TaxStream Provision automatically generates all calculations, reports, and documentation to satisfy tax planning, provision and audit requirements. Built-in user controls, audit trails, and guaranteed calculations generate SOX compliant tax footnote reports. Automated interim reporting, state provisions, estimates and extensions, journal entries, deferred balance tracking, tax basis balance sheet management and integrated analysis of uncertain tax positions are all calculated using one consolidating software.

ONESOURCE Income Tax is a complete tax management solution that seamlessly integrates federal, state, local, and international income tax compliance and management for corporate enterprises with multinational operations. ONESOURCE Income Tax also provides comprehensive solutions for insurance companies, partnerships, and fixed asset management.

Additional information can be obtained by visiting www.onesourceprovisionandreturnintegration.com or calling 201-356-6519.

About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries.

ONESOURCE Provision and Return Solution
The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Tax & Accounting includes the Corporate Software & Services, Professional Software & Services, and Research & Guidance business groups.