BNA Corporate Tax Analyzer: Corporate Income Tax Planning and Audit
The only corporate tax audit and planning solution that automates and manages complex, multi-year corporate income tax attributes such as carrybacks and carryovers. Even the IRS uses it! Calculations, compliance, audit, reporting, and planning all wrapped up in one, easy-to-use, always up-to-date tool.
Features & Benefits
- Includes IRC Section 168(k)(4) worksheet
Does all the required calculations for comparing the effects of forgoing bonus depreciation for refundable credits and for making the election. - Takes complexity and risk out of corporate tax calculations
Robust, multi-function calculation engine precisely calculates and tracks carryovers and carrybacks for NOLs, FTCs, GBCs, and other complex tax attributes. - Verifies accuracy of corporate tax returns
Detects errors and discrepancies within current and previous Form 1120 returns for peace of mind and tax savings. - Accelerates the IRS audit process and optimizes outcomes
Puts you on the same page as the IRS, with visibility into calculations and the impact of proposed IRS adjustments, and documentation to speed the process. - Provides multi-year tax analysis for planning and FIN 48 analysis
Comprehensive, multi-year what-if modeling capabilities enable quick and easy analysis of tax scenarios for improved planning and decision making. - Ensure thorough documentation for compliance
Delivers tax and financial documentation and reporting to help meet 10K, FAS 109, FIN 48, and other financial requirements.
Learn More About BNA Corporate Tax Analyzer Features »
Calculations
BNA Corporate Tax™ Analyzer is relied upon by corporate tax departments and even the IRS for its powerful, accurate, and up-to-date calculations engine. You’ll save time and ensure greater accuracy with automatic calculation and tracking of carryforwards and carrybacks of NOLs, FTCs, AMT, GBCs, charitable contributions, and more, over multiple years.
- Save hundreds of hours of effort tracking and calculating multi-year tax attributes
- Complement or replace spreadsheets
- Optimize maximum legal benefit of business credits
- Use the built-in audit trail and documentation for Sarbanes-Oxley compliance
- Automatically track credits and net operating losses for tax and financial reporting
Returns
For total peace of mind as well as the potential for tax savings, let BNA Corporate Tax Analyzer ensure your current and previous Form 1120 returns are correct and optimized. BNA Corporate Tax Analyzer identifies errors before filing, eliminates error-prone manual or spreadsheet calculations, and streamlines the preparation of amended returns. An automated interface with RIA's GoSystem® and InSource® Express (Form 1120) facilitates preparation of your corporate income tax returns.
- Identifies discrepancies in Form 1120 before it is filed
- Calculates the refund resulting from an NOL, GBC, or capital loss carryback
- Generates data necessary for other amended returns
- Leverages BNA’s built-in tax expertise to ensure accurate, audit-proof calculations that stand up to scrutiny
Audit
BNA Corporate Tax Analyzer – the only corporate tax software used by IRS Appeals and LMSB – shortens the audit process and gives you complete insight into how the IRS reviews and audits your Form 1120 returns. You gain visibility into IRS calculations and the laws applied, enabling better communication with IRS auditors and a faster resolution. You’ll be able to quickly analyze proposed IRS adjustments to optimize your outcome and protect the bottom line.
- Speed the audit process and resolution
- Gain 20/20 visibility into how the IRS calculates adjustments
- Assess the impact of proposed IRS adjustments over the long term
- Streamline the management of IRS-issued documents
Planning
Now you can more accurately and efficiently analyze the potential tax implications of uncertain tax positions and business decisions, strengthening the strategic value you deliver to your company. BNA Corporate Tax Analyzer gives you the power to plan for the future with automated analysis and comparison of multiple, side-by-side scenarios to determine the most tax-advantageous course of action for your company.
- Make tax planning effective, accurate, and efficient
- Improve decisions that impact tax liability
- Better manage your company’s tax risks and position
- Access law changes before updated forms are available
- Complement or replace spreadsheets
Documentation
Unlike spreadsheets, BNA Corporate Tax Analyzer documents the formulas used to calculate complex, corporate tax attributes and references the applicable tax code section. Featuring 275 different worksheets, BNA Corporate Tax Analyzer can help you demonstrate compliance and document your company’s tax position for reporting requirements such as the 10K and FIN48.
- Helps ensure accurate measurement of income tax data for 10K, FIN48, and other financial requirements and provides supporting documentation
- Enables efficient documentation for compliance with Sarbanes-Oxley
- Reduces manual tracking and reporting efforts
- Delivers extensive visibility into your company’s tax position and financial picture
