CORPTAX® Insurance is insurance tax software designed to assist tax professionals in meeting the tax filing and data requirements of the insurance industry. This insurance income tax software includes all the necessary forms, calculations and reports to meet unique industry-specific tax provision, compliance and planning requirements. You can effectively store and reuse multiple years of data for complying with federal, state and local tax filing requirements and perform industry-specific calculations within a single system.

To further reduce the compliance burden, you can take advantage of the system's process improvement capabilities, such as Workflow. CORPTAX Insurance can help you decrease training time and increase productivity by handling your insurance tax functions from virtually anywhere, anytime.

Below is a list of a few key benefits of our insurance income tax software. Click here for a full list of product benefits and features.

Access multi-year tax information

By utilizing a multi-year, multi-dimensional database approach, CORPTAX Insurance makes it easy to create, maintain and access vast amounts of tax information on both a historical and current basis. The system allows you to perform tax and financial analyses for planning purposes. 

Automate the reporting process with insurance workpapers and reports

CORPTAX Insurance offers predefined workpapers that automate many of the tax adjustments specific to insurance companies, minimizing the need for annual and off-line calculations. You can manage tax provisions, capture source data and adjustments, analyze historical tax information, and automatically compute and produce federal and state insurance income tax returns, including life-nonlife consolidations.

The adjustment workpapers help track and calculate federal income tax provision for GAAP and statutory accounting purposes. The software incorporates changes required by the codification of statutory accounting principles, so you can generate provisions in accordance with SSAP #10.