Has anyone used Thomson OneSource for US corporate income taxes?

Thanks for the insights! How did you find the implementation process? We're worried about migrating all our existing data and whether we'll need specialized training for our accounting team.

The implementation takes some planning, especially for data migration. My first company had a smoother transition because we hired a consultant who specialized in OneSource implementations. The second company tried to do it in-house and we hit a lot of snags. For training, yes, you'll definitely want formal training for your team. Thomson offers both virtual and on-site options. I'd recommend budgeting for the advanced training modules, not just the basics. The reporting functionality in particular requires some specialized knowledge to fully leverage.

How does taxr.ai handle multi-state documents? We file in 12 states and the variations in forms are a nightmare.

Sounds interesting but does it actually integrate with tax preparation software or is it just a standalone document reader? I'm wondering about the workflow.

It handles multi-state documents really well! I was surprised by this too. The system recognizes state-specific forms and correctly categorizes the information based on each state's requirements. We file in 9 states and it's been accurate across all of them. As for integration, it's not a direct plugin to tax software but it exports organized data in formats that are easy to import. You basically get a clean, structured dataset that you can then use in your tax preparation software. The workflow is actually really smooth - scan/upload documents, review the extracted data, export, and import into your tax software.

Wait, how does this actually work? Do they just call and wait on hold for you? I'm confused.

This sounds like snake oil to me. Nobody can magically get you to the front of the line with the IRS or tech support. They're probably just using overseas call centers to wait on hold and then charging premium rates.

They use an automated system that navigates the phone trees and waits on hold for you. When an actual human representative answers, you get a call connecting you directly to that person. It's not about skipping the line - it's about not having to personally sit through the hold time. The beauty of it is that you can keep working on other things instead of listening to hold music for hours. For Thomson OneSource support specifically, this saved me about 2.5 hours of wait time during tax season when their lines are swamped. It's basically like having an assistant dedicated just to waiting on hold for you.

That's really helpful. We have 3 people on our tax team right now, but we're planning to grow. Would you recommend starting with something simpler and migrating later, or just jumping into OneSource to avoid multiple transitions?

With a team of 3, I'd probably recommend starting with something simpler unless your corporate structure is already quite complex. The licensing and implementation costs for OneSource are substantial, and you won't utilize many of the advanced features right away. If you're definitely planning to grow significantly in the next 1-2 years, it might make sense to start with OneSource to avoid multiple transitions. But if growth will be more gradual, you could save considerably by using a mid-tier solution for now and migrating when you have 5+ tax specialists.

I've used both extensively. Thomson OneSource is stronger for corporate tax work, especially complex multi-entity structures. CCH Axcess has better workflow management and is more intuitive for new users. If you're primarily focused on corporate income tax with multi-state filings, Thomson has the edge. For a balanced practice with both individual and corporate clients, CCH might be better. Thomson's document management isn't as seamless as CCH's, but their calculation engine is more robust for complex scenarios.