Press Release Archives

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Press Release Date

CORPTAX, LLC Announces Launch of New CORPTAX FIN 48 Software Solution

12/1/2006

CORPTAX, LLC Announces Launch of New Provision Management Solution

MLM Information Services Acquires Tax Compliance, Inc.

9/11/2006

MLM Information Services Completes Acquisition of Deloitte Tax LLP's CORPTAX Business

7/21/2006

New Organizational Chart Tool Now Available - CORPTAX ETS Visual Org!

6/23/2005

Deloitte & Touche Tax Technologies LLC Launches CORPTAX PT Property Tax System

6/21/2005

Deloitte & Touche Tax Technologies LLC Expands Product Line With Purchase of VitalPT Property Tax System

1/5/2005

Celebrating 30 Years of CORPTAX Software!

11/15/2004

Tax Management Advisory Services Publishes Articles in the Journal of Corporate Tax Automation

Tax Management Advisory Services Publishes Articles in the Journal of Corporate Tax Automation

Tax Department Project Management-Leading Edge Concept or Business Necessity

Embracing the idea that the tax function is one large project management tool can provide definition to tax departments. The article, "Tax Department Project Management-Leading Edge Concept or Business Necessity?" appeared in the Fall 2002 edition of the Journal of Corporate Tax Automation. Written by Deloitte & Touche LLP professionals from our Tax Management Advisory Services, the article details the importance of using project management to help streamline processes in overburdened tax departments.

Data Collection in the Corporate Tax Department

When thinking about data collection, it is important to consider the impact it can have on each area within the tax function. Written by Deloitte & Touche LLP professionals from our Tax Management Advisory Services, "Trends in Data Collection in the Corporate Tax Department" appeared in the Spring 2003 edition of the Journal of Corporate Tax Automation. The article outlines trends in data collection, its impact on the tax life cycle and items to consider as you move toward an improved data collection process.

3/18/2004

Deloitte & Touche Tax Technologies LLC Launches Fully Integrated CORPTax® REIT Compliance and Planning System

Deloitte & Touche Tax Technologies LLC Launches Fully Integrated CORPTax® REIT Compliance and Planning System

DEERFIELD, ILL. (December 2, 2001) CORPTax® REIT (Real Estate Investment Trust) compliance and planning system, the market's only integrated tax software system to automate the REIT compliance and planning process, has been released by Deloitte & Touche Tax Technologies. The system includes all of the necessary REIT compliance and asset/income testing calculations, saving users time and eliminating errors often encountered with manual processes. In addition, CORPTax REIT integrates with the entire suite of CORPTax products, allowing users to perform the complete spectrum of corporate and partnership tax compliance and planning responsibilities.

CORPTax REIT automates the asset and income tests required for tax-advantaged corporations to qualify for REIT status, saving companies hundreds of hours manually calculating the data. For partnerships, CORPTax REIT can be customized to perform all of the K-1 rollups required for tiered structures.

CORPTax REIT streamlines the review process with the ability to make adjustments while viewing tax forms on screen. The system's complete audit trail allows users to review the detail for any line on the return, including calculations, supporting statements and workpapers. The system also allows users to create custom tax logic without compromising the integrity of the original programs. By using the system's flexible return portfolio, supporting materials created outside of CORPTax REIT can be easily organized, including schedules, tax forms and other documents. CORPTax REIT also simplifies the trial balance import routine with its powerful and easy-to-use General Ledger Interface by mapping source data to the system's chart-of-accounts, regardless of the number or variety of data sources.

A unique feature of CORPTax REIT is its ability to integrate with third-party tools for easy access to data. Numbers calculated outside the system can be transferred into CORPTax REIT's database for non-tax purposes and to update third-party financial systems. ERP systems can also be customized while implementing CORPTax REIT to ensure the necessary information is available to seamlessly perform the calculations required for the various qualification criteria.

For GAAP purposes, taxable REITs must perform global tax provision. CORPTax REIT fully integrates with CORPTax Global Provision to provide a simple, comprehensive method of complying with FAS 109 requirements. For organizations with multiple locations, CORPTax REIT can be integrated with Global Data Xchange (GDX), the Web-enabled data collection tool from Deloitte & Touche Tax Technologies.

About Deloitte & Touche Tax Technologies
Deloitte & Touche Tax Technologies, a subsidiary of Deloitte & Touche, develops, implements, supports, and provides education for specialty corporate tax software products under the brand name CORPTax Software. For more than 25 years, CORPTax Software has had a significant impact in the corporate tax software marketplace, allowing companies to automate, calculate and prepare their corporate consolidated tax returns and provisions in a streamlined, cost-effective manner. Deloitte & Touche Tax Technologies employs over 350 tax and technology professionals and has an impressive client list that totals over 1,200 companies, including more than half of the Fortune 500. The company is headquartered in Deerfield, Illinois, with two additional regional offices in Dallas, Texas and Woodland Hills, California. For more information, please visit Deloitte & Touche Tax Technologies' web site at www.corptax.com.

About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping our clients and our people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for four consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and its related entities. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.

12/2/2001

Deloitte & Touche Tax Technologies Launches CORPTAX ETS, the First Enterprise Corporate Tax System

Deloitte & Touche Tax Technologies Launches CORPTAX ETS, the First Enterprise Corporate Tax System
Internet Browser-Driven System Provides Intuitive Interface and Global Access

DEERFIELD, ILL. (October 29, 2001) CORPTAX ETS (Enterprise Tax System), the first fully integrated and browser-driven compliance and planning tax software system, is now available to corporate tax departments. The new software provides users with an intuitive interface and virtually seamless integration across functional tax areas, and is driven by an Internet browser, which allows for global access via a company's intranet. CORPTAX ETS is a product of Deloitte & Touche Tax Technologies LLC, which is the tax technology division of Deloitte & Touche LLP, one of the nation's leading professional services firms.

The market's first enterprise tax system, CORPTAX ETS encompasses federal, state and international compliance and planning for corporate, partnership, Sub Chapter S, REIT (Real Estate Investment Trust) and RIC (Regulated Investment Company) entities all under a single umbrella. By integrating essentially all aspects of compliance and planning within one system, CORPTAX ETS can replace the current industry method of relying on a combination of multiple software systems and manual processes to handle all of these different tax functions and duties in a corporate tax department.

"The ease of use, remote access capability and leading-edge functionality and flexibility of CORPTAX ETS will change the way tax departments function, allowing them to operate more strategically with advanced planning and process improvement capabilities," said Ray Lombardi, Chief Executive Officer of Deloitte & Touche Tax Technologies. "Future releases of the software will include many new features and functions that do not currently exist in the marketplace. CORPTAX ETS is the foundation that Deloitte & Touche Tax Technologies will build on to continue to deliver superior technology products to the marketplace for many years to come."

The browser-driven design of CORPTAX ETS provides for remote access capabilities on a worldwide basis. Tax departments can now prepare, review and print returns from any location worldwide that has a web browser and access to their company's intranet. This architecture gives tax professionals the flexibility to easily handle remote processing or multiple tax departments or locations, while also providing an efficient telecommuting solution.

CORPTAX ETS offers tax professionals an easy-to-use system for accessing, reviewing, comparing and reporting domestic and international tax information. The system is grounded by the proven calculations and built-in intelligence of CORPTax, the most reliable, flexible and accurate system on the market. CORPTax is the multiyear tax compliance and planning system that helps corporate tax departments manage their company's tax liabilities and comply with the multitude of complex laws and regulations.

For more information on CORPTAX ETS, contact Pierce Thompson at (847) 236-8200 or via e-mail at pithompson@deloitte.com. More information about CORPTAX ETS is available at the Deloitte & Touche Tax Technologies' web site at www.corptax.com.

About Deloitte & Touche Tax Technologies
Deloitte & Touche Tax Technologies, a subsidiary of Deloitte & Touche, develops, implements, supports, and provides education for specialty corporate tax software products under the brand name CORPTax Software. For more than 25 years, CORPTax Software has had a significant impact in the corporate tax software marketplace, allowing companies to automate, calculate and prepare their corporate consolidated tax returns and provisions in a streamlined, cost-effective manner. Deloitte & Touche Tax Technologies employs over 350 tax and technology professionals and has an impressive client list that totals over 1,200 companies, including more than half of the Fortune 500. The company is headquartered in Deerfield, Illinois, with two additional regional offices in Dallas, Texas and Woodland Hills, California. For more information, please visit Deloitte & Touche Tax Technologies' web site at www.corptax.com.

About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping our clients and our people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for four consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and its related entities. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.

10/29/2001

Survey of ACT Membership Shows CORPTax® as the Most Popular Domestic and International Compliance and Planning Corporate Tax Software

Survey of ACT Membership Shows CORPTax® as the Most Popular Domestic and International Compliance and Planning Corporate Tax Software

DEERFIELD, ILL. (August 31, 2001) -- The Association of Computers & Taxation (ACT) has released the results of its 2001 membership survey, "Corporate Tax Automation, Current Trends in Technology," which identified Deloitte & Touche Tax Technologies as the most popular corporate tax compliance and planning software provider. The complete survey is available on ACT's website located at www.taxact.org.

Of the responding ACT members, 46 percent use CORPTax for their federal income tax compliance, the highest total of any company in the survey. According to the study, no other tax software provider had more than 26 percent of the marketplace. In the area of federal tax planning software, 31 percent of those surveyed use a CORPTax product, with no other tax software provider recording more than three percent of the market. In general, respondents to the survey stated that they use federal planning software systems to estimate taxes, FAS 109 analysis, merger & acquisition studies and what-if scenarios.

In the area of international tax compliance, more than 50 percent of those replying to the study who have an international software system, are using Deloitte & Touche Tax Technologies' CORPInternational, a total more than double that of any other tax software provider.

In the areas of service and reliability, CORPTax received a "very good" rating in each of the following categories: reliability, accuracy of tax law and computations, flexibility in report generation, customer support, timeliness of tax updates, processing speed/performance, cost/benefit of training, flexibility in computational modifications, accuracy of systems advice, and network support.

About Deloitte & Touche Tax Technologies and Deloitte & Touche
Deloitte & Touche Tax Technologies develops, implements, supports, and provides education for specialty corporate tax software products under the brand name CORPTax Software. For more than 25 years, CORPTax Software has had a significant impact in the corporate tax software marketplace, allowing companies to automate, calculate and prepare their corporate consolidated tax returns and provisions in a streamlined, cost-effective manner. Since its beginning in 1974, CORPTax has grown from a small start-up with five clients to a company with an impressive client list that totals over 1,200 today. The company is headquartered in Chicago (Deerfield, Ill.), with two additional regional offices in Dallas and Los Angeles (Woodland Hills, Calif.).

Deloitte & Touche Tax Technologies is a subsidiary of Deloitte & Touche LLP, one of the nation's leading professional services firms, which provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping our clients and our people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by FORTUNE® magazine for four consecutive years. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.

10/1/2001

Study of FORTUNE 1000 Tax Directors Recognizes CORPTax as the Software Market Leader for Federal & State Compliance and Planning

Study of FORTUNE 1000 Tax Directors Recognizes CORPTax as the Software Market Leader for Federal & State Compliance and Planning

DEERFIELD, ILL. (July 13, 2001) -– CORPTax® software, from Deloitte & Touche Tax Technologies LLC (www.CORPTax.com), has been recognized as the market leader in federal and state tax compliance and planning software in a KPMG study of 273 Tax Directors of FORTUNE 1000 companies. The December 2000 report, "A Study of Fortune 1000 Tax Directors" was referenced in the April 19, 2001, Bureau of National Affairs Daily Tax Report.

In the area of compliance, the survey concluded that CORPTax is "the market leader in federal and state tax compliance software" with more FORTUNE 1000 companies using Federal, State and FAS 109 software products from Deloitte & Touche Tax Technologies than any other competitor.

For tax planning, the survey showed that CORPTax is also the market leader for software licensed for Federal, State and FAS 109 planning purposes. The report also revealed that tax directors believe the greatest benefits of tax planning are achieved in the areas of federal and state taxation.

In terms of overall use of technology within the tax function, the report found that nearly half of all companies invested in ERP or technology infrastructure in the past three years. In addition, 40 percent of those surveyed have implemented other major investments in the tax department during the same time span, with most of these projects involving technology, re-engineering or process improvements.

Complete copies of the report are available by subscribing to the Taxcore® service of the Bureau of National Affairs. Subscription information is available through the Bureau of National Affairs Customer Relations office at 800-372-1033 and also at www.bna.com.

About Deloitte & Touche Tax Technologies and Deloitte & Touche
Deloitte & Touche Tax Technologies develops, implements, supports, and provides education for specialty corporate tax software products under the brand name CORPTax Software. For more than 25 years, CORPTax Software has had a significant impact in the corporate tax software marketplace, allowing companies to automate, calculate and prepare their corporate consolidated tax returns and provisions in a streamlined, cost-effective manner. Since its beginning in 1974, CORPTax has grown from a small start-up with five clients to a company with an impressive client list that totals over 1,200 today. The company is headquartered in Chicago (Deerfield, Ill.), with two additional regional offices in Dallas and Los Angeles (Woodland Hills, Calif.).

Deloitte & Touche Tax Technologies is a subsidiary of Deloitte & Touche LLP, one of the nation's leading professional services firms, which provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping our clients and our people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by FORTUNE® magazine for four consecutive years. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.

9/1/2001

Release of CORPTax Global Provision Software to Simplify Worldwide FAS 109 Reporting

Release of CORPTax Global Provision Software to Simplify Worldwide FAS 109 Reporting

Deloitte & Touche Tax Technologies LLC (www.corptax.com), a leader in specialty corporate tax software, has launched its new worldwide tax provision system, CORPTax Global Provision. This module fully integrates a set of global provision calculations with its companion domestic compliance system, CORPTax Federal & State. This solution provides CORPTax users with a simple and comprehensive method of complying with FAS 109 on a worldwide basis.

"CORPTax Global Provision will be a tremendous benefit to our clients," said Todd Dannenfelser, partner. "There is a real need in the marketplace for a global tax provision tool which is completely integrated with a federal compliance system. CORPTax Global Provision will greatly reduce the time and effort needed to comply with FAS 109 on a worldwide basis."

CORPTax Global Provision automates worldwide FAS 109 compliance by leveraging the information in the CORPTax multiyear database to produce reports that calculate current and deferred taxes and the necessary financial statement disclosures such as rate reconciliation, deferred tax balances and income tax expense. The new module also facilitates the transfer of data between CORPTax and general ledger systems, such as the export of journal entries to an electronic file. In addition, CORPTax Global Provision includes a full set of reports to automate monthly, quarterly and annual provisions.

By centralizing users' FAS 109 compliance, CORPTax Global Provision eliminates the need to create and maintain multiple spreadsheets for provision purposes. The module properly manages deferred taxes by segregating entities and tax jurisdictions while managing multiple tax rates and currencies. Like other CORPTax reports, CORPTax Global Provision reports are customizable to meet an organization's specific reporting requirements.

About Deloitte & Touche Tax Technologies and Deloitte & Touche
Deloitte & Touche Tax Technologies develops, implements, supports, and provides education for specialty corporate tax software products under the brand name CORPTax Software. For more than 25 years, CORPTax Software has had a significant impact in the corporate tax software marketplace, allowing companies to automate, calculate, and prepare their corporate consolidated tax returns and provisions in a streamlined, cost-effective manner. Since its beginning in 1974, CORPTax has grown from a small start-up of five clients to an impressive client list that totals over 1,200 today. The company is headquartered in Chicago (Deerfield, Ill.), with two additional regional offices in Dallas and Los Angeles (Woodland Hills, Calif.).

Deloitte & Touche Tax Technologies is a subsidiary of Deloitte & Touche LLP, one of the nation's leading professional services firms, which provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping our clients and our people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by FORTUNE magazine for four consecutive years. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.

4/24/2001

New Releases of CORPTax CS and CORPInternational Feature Integrated Database for Seamless Sharing of Information

New Releases of CORPTax CS and CORPInternational Feature Integrated Database for Seamless Sharing of Information

Deloitte & Touche Tax Technologies LLC (www.corptax.com), a leader in specialty corporate tax software, has developed an integrated database between two of its core products, CORPTax CS (Client/Server), the flagship federal and state compliance system, and CORPInternational, the international tax compliance and planning system. The feature is available in the current releases of CORPTax CS and CORPInternational.

The new functionality allows data entered in CORPTax CS to be automatically reflected in CORPInternational, which eliminates virtually all manual import and export processes. This seamless sharing of information between the two systems can result in a significant increase in productivity by the user.

The shared database feature is highly customizable, based on the preferences and needs of the tax department. Users have several data integration options, including: combining several CORPTax CS entities into a single CORPInternational entity, allowing differences between case and tax years between the systems and the ability to override automatic updates. Users also have the flexibility to set data synchronization to occur only upon request.

About Deloitte & Touche Tax Technologies LLC and Deloitte & Touche
Deloitte & Touche Tax Technologies LLC develops, implements, and provides training for specialty corporate tax software products under the brand name CORPTax Software. For more than 25 years, CORPTax Software has had a significant impact in the corporate tax software marketplace, allowing companies to automate, calculate, and prepare their tax returns and provisions in a streamlined, cost-effective manner. Since its beginning in 1974, CORPTax has grown from a small start-up of five clients to an impressive client list that totals over 1,100 today. The company is headquartered in Chicago (Deerfield, Ill.), with two additional regional offices in Dallas and Los Angeles (Woodland Hills, Calif.).

Deloitte & Touche Tax Technologies LLC is a subsidiary of Deloitte & Touche LLP, one of the nation's leading professional services firms, which provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping our clients and our people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for four consecutive years. Deloitte & Touche is part of Deloitte Touche Tohmatsu, one of the world's leading professional services firms, with more than 92,000 people in over 135 countries. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.

3/7/2001

CORPTax Receives Approved Vendor Status for IRS 1065 e-File Program and Named Registered Transmitter of 1065 Electronic Files

CORPTax Receives Approved Vendor Status for IRS 1065 e-File Program and Named Registered Transmitter of 1065 Electronic Files

Deloitte & Touche Tax Technologies LLC (www.corptax.com), a leader in specialty corporate tax software, was recently awarded Approved Vendor Status for the IRS 1065 e-file Program and was also recognized by the service as a Registered Transmitter of 1065 Electronic Files. This functionality will be available in the February 26, 2001 release of the company's CORPTax Federal & State tax compliance system, which includes partnership filing capabilities.

All partnerships with more than 100 K-1s and having a year ending on or after December 31, 2000 must file their Form 1065 electronically or be assessed a penalty of $50 per K-1, unless exceptions apply.

"These approvals by the IRS allow us to bring even more value to our clients," said Stan Miller, Partner, Development. "Our organization is focused on developing the most effective and flexible compliance and planning software and with this latest functionality and IRS recognition, we can now offer even more leading-edge solutions to our users."

To gain approval for electronic filing of Form 1065, Deloitte & Touche Tax Technologies first had to file Form 9041, the Application Electronic/Magnetic Media filing of Business and Employee Benefit Plan Returns. The acceptance of this filing established the company as a registered Software Developer.

Deloitte & Touche Tax Technologies then had to complete internal testing, to ensure that the more than 160 validations would be accepted by the IRS on each set of return data. Subsequent validation testing by the IRS was also successful, along with further demonstration by the company that it had the ability to send multiple transmissions on a single day. Completion of these validation and transmission tests allowed Deloitte & Touche Tax Technologies to become a Registered Transmitter of 1065 Electronic Files to the Service.

This certification also ensures that all CORPTax users who meet the Partnership definitions created by the IRS can be certain that their mandatory e-filing will be accepted and accurate. For more information on forms that are supported by CORPTax, please contact Leon Jones, National Director of Client Support, at 972-764-2101.

About Deloitte & Touche Tax Technologies LLC and Deloitte & Touche
Deloitte & Touche Tax Technologies LLC develops, implements, and provides training for specialty corporate tax software products under the brand name CORPTax Software. For more than 25 years, CORPTax Software has had a significant impact in the corporate tax software marketplace, allowing companies to automate, calculate, and prepare their tax returns and provisions in a streamlined, cost-effective manner. Since its beginning in 1974, CORPTax has grown from a small start-up of five clients to an impressive client list that totals over 1,100 today. The company is headquartered in Chicago (Deerfield, Ill.), with two additional regional offices in Dallas and Los Angeles (Woodland Hills, Calif.).

Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping our clients and our people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for four consecutive years. Deloitte & Touche is part of Deloitte Touche Tohmatsu, one of the world's leading professional services firms, with more than 92,000 people in over 135 countries. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.

2/6/2001