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Internal: GST: Glossary of available modules

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GoSystem RS has certain products and functions that differ from UltraTax CS, and the processes to add these services are often unique to GoSystem RS. Refer to the following table for more information on GoSystem RS products and services, and how to add them.

Product name Description How to add Additional information
1120 Consolidations This includes 1120, 1120S, 1120 PC and 1120 L. This gives the ability to consolidate these types of returns. Added for a fee, see Adding new modules to GoSystem Tax RS renewals
1120 RIC RIC stands for Regulated Investment Company Added for a fee, see Adding new modules to GoSystem Tax RS renewals
REIT 1120 REIT stands for Real Estate Investment Trust Added for a fee, see Adding new modules to GoSystem Tax RS renewals
BNA Income Tax Planner Bridge This is for 1040 only. This bridge allows for integration between GoSystem Tax RS and BNA for tax planning. Added for a fee, see Adding new modules to GoSystem Tax RS renewals
Case Studies Sample locators that can be viewed on the GoSystem RS Browser. Case studies were created for learning purposes and were aimed at training newer preparers to use GoSystem Tax RS. They do not dock an additional locator. No charge Case studies can be found within the GoSystem Tax RS browser under Help.
Copanion and Gruntworx Third party partners that provide services that scan and/or import documents into GoSystem RS. Adding Gruntworx integration with GST
Custom Tax Equalization (aka Expatriate returns) Only available for 1040 returns. This is often referred to as Expatriate returns. When a US company sends someone on assignment overseas and they need to pay taxes, the program helps you calculate the difference between the foreign taxes and the US states in which the US company pays the difference. This return is not filed with the IRS. Added for $0, see Adding new modules to GoSystem Tax RS renewals update
E-File International Forms Aggregation This is for 1120 and 1065. Provides the ability to aggregate international forms between other GoSystem Tax RS returns and OneSource returns. Added for $0, see Adding new modules to GoSystem Tax RS renewals Verify cost/how to add
E-Form RS

An electronic tax forms library that provides forms and schedules in one location. The module is rarely sold and is handled by the RIA/Checkpoint sales rep. E-forms access is granted by the RS Admin in the Access Control section of the GST browser.

To link e-forms from RIA Checkpoint, use the following steps: Show me.

  1. Login to the PAC codes program.
  2. Click Options, then click Pass-Thru Login.
  3. Type in the e-Form account number and select ok. The other fields will fill in automatically if it's correct.
  4. Change the Parent Account to the four-digit GST ID, then click the Change Parent Association button.
Agreement for the product is held with RIA.
Export Electronic Filing Data for use by 3rd Party Vendor This is for 1120 and 1065 return types. Allows for items like Schedule K-1 to be imported into another vendor and then filed electronically. Module is added for $0, see Adding new modules to GoSystem Tax RS renewals Billed transactionally per each K-1
FastTax A term some user may use when referring to GoSystem Tax. FastTax is a legacy name for this application and remains a part of the browser's sign in screen's web address - https://gosystemrs.fasttax.com. n/a
FormSource

This module is priced depending on how many locators the firm is contracted for. This comprehensive tool allows for searching tax returns for specific information and the creation of customized reports. It is available for 1040, 1120, 1065, 1041, and 990 returns.

For example, FormSource can provide an instant list of all individual clients subject to Required Minimum Distributions or clients with estimate vouchers to be paid. This provides an opportunity to alert clients to their tax responsibilities before it is too late or identify potential sources for tax consulting revenue.

Added for a fee based on the number of locators, see Adding new modules to GoSystem Tax RS renewals
GoSystem Tax RS Hosted Archive Hosted archive option that can be utilized for data retention purposes, see GoSystem Tax RS data retention plans. Added for a fee, see GST data retention plans
GoTracker This module provides both time and return status tracking within GoSystem Tax RS (GST). It allows for the ability to track returns throughout the tax return preparation process. Firm-configurable milestones indicate where a return is in the preparation process, and RS Administrators can have the system prompt preparers to update the milestones upon closing a return. Milestones are available for reporting, achieving a master tracking list across the firm, and providing additional insight for better budgeting of future tax engagements. Administrators can also assign hourly rates to preparers and staff to generate reports for invoicing purposes, which include billable time spent in the return and the resulting billable time. Added for a fee, see Adding new modules to GoSystem Tax RS renewals
Insurance - Life 1120 L, this is a specific type of 1120 return Added for each return filed, and is not added as a module see Adding new modules to GoSystem Tax RS renewals For example, if the firm is doing four insurance returns, they need to purchase this module four times.
Insurance - Property and Casualty 1120 PC, this is a specific type of 1120 return Added for each return filed, see Adding new modules to GoSystem Tax RS renewals Same as Insurance - Life returns.
In Office Client Conversion Only available for ProSystem FX (CCH) and allows for the conversion of data to GoSystem Tax RS in house rather than creating a conversion appointment. The conversion can be done from the GoSystem browser, and data is available immediately. Conversion option is available in the browser and is no cost.
MyTaxInfo An online organizer that allows customers to collect data for tax returns and is available for 1040 only. Added for a fee, see Adding new modules to GoSystem Tax RS renewals See MyTaxInfo information
Locator A locator is the record of a tax return in GoSystem RS. They are added in a contract, or sold individually, and can be used for any type of tax return. More information on locator counts and ordering can be found here. Added for a fee, see Adding/Removing locators or users from GoSystem Tax RS renewals

For additional locator resources, see the following articles:

Organizer Duplex Print In preseason processing at Thomson Reuters, we will print two-sided organizers automatically and ship them to the firm. Shipping charges are additional and indicated in the transactional pricing addendum. Added for a fee, see Adding new modules to GoSystem Tax RS renewals
Organizer Simplex Print In preseason processing at Thomson Reuters, we will print one-sided organizers automatically and ship them to the firm. Shipping charges are additional and indicated in the transactional pricing addendum. Notice that this service more expensive than duplex print due to more resources being used. Added for a fee, see Adding new modules to GoSystem Tax RS renewals
Planner CS Bridge Bridge that allows for integration with GoSystem Tax RS and Planner CS for tax planning. Available for 1040 returns only. Added for a fee, see Adding new modules to GoSystem Tax RS renewals
Rollover Move returns from one year to another, like the proforma function in UltraTax CS. n/a Search Preseason guide on the GST Customer Center
Sandbox An initiative that allows for access to the beta version of GoSystem Tax RS. Thomson Reuters will use the Sandbox to showcase new technologies and features within the product. The site will be an accessible Web Application that allows previews, testing, and development with no impact to "live" client data. Included with the sandbox version is 20 users, 1 administrator and a maximum of 300 returns. Returns cannot be e-filed and printed returns will be water marked. n/a To sign up, search Sandbox in GTAX.
Superseded/Amended E-Filed Returns A superseded return is when a return is filed once and accepted and then filed again before the deadline with amended information. An amended return is when a return is filed and accepted and then filed again after the deadline with updated information. Electronic filing charges as determined by their licensing; it's either a transactional fee, or they have an unlimited license
SurePrep or SurePrep Express Integration SurePrep is a third-party software vendor that uses Optical Character Recognition (OCR) technology. Source documents (W-2s, 1099’s) can be scanned into SurePrep. SurePrep then transfers the relevant information into a GoSystem Tax Organizer. The firm will have to maintain a separate subscription to SurePrep.
1040 Tax Review This module is required to print the Schedule K-1 Reconciliation Spreadsheets. This is an add-in utility to enhance the basic tax review available for 1040, providing input documentation and a complete reconciliation of the return. Provides a grid-style layout of all K-1 activities and corresponding K-1 box amounts. Can be utilized to reconcile line item amounts on the return to the client data entered in the Organizer; compare Organizer entries for descriptions and amounts to the source documents; add information about a return for internal use; document tax planning ideas to share with the client; create a standard review process, or one customized for a particular return. Added for a fee, see Adding new modules to GoSystem Tax RS renewals
Third Party Aggregation (all entities) Refers to third-party e-file aggregation. Components of the e-file are being produced in a third-party system and are then rolled into the e-file before it is transmitted to the IRS. Most often used by large corporations and partnerships that prepare international forms in their own system, then create an export and provide it to the accounting firm working on the return. When the return is ready to be filed the firm creates the e-file and pulls in those forms using the XML file which the corporate/partnership client provided, before sending to the IRS. Added for a fee, see Adding new modules to GoSystem Tax RS renewals Pricing is available on the Transactional Pricing Addendum
Trial Balance Bridge 1120/1065 only Allows for the import of data into a Trial Balance grid from the following audit packages: Workpapers CS, KPMG Basic Financial Statements, Caseware, Grant Thornton, EY Audit, ProSystem fx Engagement, and ProSystem fx Trial Balance. Data can be imported from the following general ledger packages: Accounting CS and CLS (Client Ledger Systems). The Trial Balance Bridge also supports DIF, CVS, ASCII and Excel files. This is a module built into the program that is accessed once inside a locator. Added for a fee, see Adding new modules to GoSystem Tax RS renewals
Trial Balance Bridge- 990 Only Allows for the import of data into a Trial Balance grid from the following audit packages: Workpapers CS, KPMG Basic Financial Statements, Caseware, Grant Thornton, EY Audit, ProSystem fx Engagement, and ProSystem fx Trial Balance. Data can be imported from the following general ledger packages: Accounting CS and CLS (Client Ledger Systems). The Trial Balance Bridge also supports DIF, CVS, ASCII and Excel files. This is a module built into the program that is accessed once inside a locator. Added for a fee, see Adding new modules to GoSystem Tax RS renewals
Users Program login that allows access to users. Can be ordered in any amount, and the cost is listed on the firms most recently signed Transactional Pricing Addendum. When all users are logged in, the RS Administrator can login and will not use an additional seat. Added for a fee, see Adding new modules to GoSystem Tax RS renewals
Web Services- RS/EFSS (Electronic Filing System) Allows for the ability to view electronic filing statuses without needing to log into GoSystem RS. This is custom programming and used by some National accounts. Contact the National Account Manager
Web Services- XML import/export Custom programming available so that customers can program their own tools. This is mainly used in National accounts and some very large non-National accounts. Contact the National Account Manager