Consolidated Tax Reporting (CTR) accumulates transactions with tax implications and aggregates them for reporting to your customers and the IRS. CTR generates forms for both asset and liability applications. You can accumulate transactions, enter tax data directly, print duplicates online or through batch, and submit correction information all according to the most recent IRS regulations.

CTR Benefits

• Improved Customer Service

  CTR stores tax form information in a central location which means customer service representatives have quicker access to the information for all applications. This can reduce the amount of time spent on research for each call during the peak tax season.

• Centralized Correction and Duplicate Processing

  CTR allows you to generate new, corrected and duplicate forms without having to go to the source application again for the information. IRS files are created for the new and corrected forms. All tax information is centralized in CTR.

• Customer Access Via The Internet

  CTR information is available to your internet front end through Computrol's eBASE® application development framework. You can reduce customer service costs by allowing customers to access their tax information through your institution's web site.

• Timely Regulatory Updates

  Each year Computrol reviews all reporting regulations and formats. We provide any changes or updates necessary to do the current year reporting, making the system cost effective for the user. CTR stays up to date for regulations with no end of year hassle as laws or forms change.

CTR Features

The Consolidated Tax Reporting System provides comprehensive tax reporting for all departments within your financial institution. Some of its more important features are:

• Online duplicates and corrections
• All parameters entered online
• Output media in IRS format
• System balancing reports
• Standard or substitute form printing