K-1 analyzer and integration

The K-1 Analyzer helps you complete the preparation and review cycle of your K-1 data. The data integration process allows you to electronically integrate the K-1 source data directly into the data entry points for the return. This greatly reduces the amount of time you spend on data entry to prepare a return.
Here's what it supports:
  • All entity types for filing
  • Imports foreign forms into the application
  • Imports K-1 source document data into Organizers for locators in 1065, 1120, 1040, and 1041
  • Reads Page 1 and all whitepaper statement details
  • Adds to the existing data in a locator with no loss of existing data
  • No need to map the fields manually

K-1 analyzer process

The K-1 Analyzer guides you through the following steps:
  1. Extract
    : Drop the K-1 into the K-1 Analyzer.
  2. Review/Aggregate
    : Review the individual K-1 and aggregate the data.
  3. Analysis
    : Review reports and complete a deep risk analysis.
  4. Filing
    : Make filing determinations, complete international reporting requirements, and prepare the return.
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