K1 AUTOMATION
PLUS 1099 & W-2 READING UPGRADES
K-1 Software with Automated 1099 & W-2 Data Extraction Options
Beyond the face page!
End-to-end automated fed, state & international tax compliance with investor-grade tax insights
“This tech will make a huge impact on our tax transformation.” – Accounting firm client
K-1 Automation
K1 Aggregator® is perfect for accounting firms, institutional investors, banks, trusts, family offices,
pensions, individuals and corporations that receive IRS Schedule K-1s in volume.
Ask for Aggregator Plus to automate K-1, 1099, and W-2 data extraction
100% digitization of extracted K-1 Form data with executive summary highlighting critical tax data elements
Reading, aggregation, and analysis of federal & state taxable income, K-3 information & foreign reporting requirements
90% reduction of manual data extraction
New optional upgrade: Automated data extraction of 1099s & W-2s
K1 Aggregator® Features & Benefits
Automate K-1 data aggregation
First-ever fully digital investor K-1 packages, including footnotes, allocations, and white paper statement data
Provides state taxable income allocations for ALL 42 taxing jurisdictions
Extracts the entirety of the state K-1 & provides this data in an easy-to-use grid that exports to excel for 10 states (15 forms)
Risk and analysis review
Filterable/customizable data reports & exports for deep risk analysis & review
Embedded project management & review features keep processes smooth
Tenant Level Master K-1 helps users conduct tax analysis across entire portfolio—all tax data elements viewable in one report
11.8
Seconds to extract
& aggregate
90%
Reduction in manual
data hadling
287
ROI: Independent analysis
by Genius Drive
Typical Benefits
For a composite org with:
500 forms & 20 Entities
$90K
Savings
Per Year
+
$45K
In additional
upside impacts
$135K
Annual Benefits
Additional Benefits
Eliminated data outsourcing needs & cost
Investor community experience w/ timely reports & clear after-tax ROI
Accounting staff engagement, retention & elevation
Accuracy & 66% cycle time reduction achieved
Control & transparency
To onboard
Aggregator Plus Upgrade- Automated 1099 & W-2 Data Extraction
K1 Aggregator® Integrations with Tax Software
K1x Import K-1/K-3 data from K1 Aggregator® into K1 Creator® (Formerly K-1 Navigator™), 990 Tracker® (Formerly C-TRAC™)
Wolters Kluwer: CCH Axcess Tax
Thomson Reuters: ONESOURCE Income Tax, ONESOURCE Trust Tax, GoSystem Tax RS platforms (including UBI Export to GoSystems RS for trust returns)
Collaboration with leading edge companies to extend your workspace
“K-2s and K-3s also used to be a nightmare for us. Now we have drag and drop and integration with important third-party software. We use K1x to help us do our 20 state returns –and to file on time without the hassles and wasted time.”