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FIS Tax Reporting Manager
Jacksonville, Florida, United States
What it is
FIS Tax Reporting Manager is a web-based service for U.S. broker-dealers, banks and trust companies handling tax obligations to the IRS and their customers. It supports production of Forms 1099, 1042-S, 5498 and K-1 for domestic, retirement and nonresident alien accounts. The suite identifies special reporting requirements for REMICs, pass-through mortgage-backed securities, long-term OID bonds, MLPs, mutual funds, REITs, UITs and WHFITs. Data validations and correction management help address errors and account-holder inquiries. Filtering tools, real-time account summaries and processing dashboards support searches and visibility into current processing. Exception-based reporting and daily year-round processing are included, with annual tax-form updates from FIS. The service coordinates with cost-basis systems and OFX data feeds to third-party tax software. Customers can select printed or hosted statements, including electronic delivery. Pricing is on request.
For and against
For
- Supports Forms 1099, 1042-S, 5498 and K-1
- Handles specialized asset reporting requirements
- Provides validation and correction management
- Offers dashboards and daily processing
- Supports electronic, printed and hosted statements
Against
- Pricing is available only on request
- Web service requires supported browsers, JavaScript and cookies
The verdict
FIS Tax Reporting Manager combines broad form coverage with validation, correction, dashboard and integration features for institutional tax operations. Its fit depends on needing an enterprise service and requesting a tailored price.
Who it suits
It suits U.S. broker-dealers, banks and trust companies that need web-based tax reporting.
Plans and prices
FIS Tax Reporting Manager
Enterprise tax reporting service for U.S. broker-dealers, banks and trust companies; contact FIS for pricing
Read 8 Oct 2026 · fisglobal.com
On the record
- Asset coverage
- The suite identifies special reporting requirements for REMICs, pass-through mortgage-backed securities, long-term OID bonds, MLPs, mutual funds, REITs, UITs and WHFITs.wsc.com · read 8 Oct 2026
- Browser requirements
- The WSC site lists Internet Explorer 11, Chrome 38.0 and higher, or Firefox 27.0 and higher, with JavaScript and cookies enabled.wsc.com · read 8 Oct 2026
- Customer adoption
- The product sheet states that more than 350 financial institutions rely on Tax Reporting Manager.fisglobal.com · read 8 Oct 2026
- Dashboards and research
- Filtering tools, real-time account summaries and processing dashboards support searches, research and visibility into current processing.fisglobal.com · read 8 Oct 2026
- Integrations
- The product sheet describes coordination with cost basis systems and data feeds to third-party tax preparation software using the OFX industry standard.fisglobal.com · read 8 Oct 2026
- Processing
- Exception-based reporting and year-round daily processing support productivity, with annual tax form updates provided by FIS.fisglobal.com · read 8 Oct 2026
- Purpose
- Provides tax compliance, reporting, consulting and training to help financial institutions meet tax reporting obligations to the IRS and their customers.fisglobal.com · read 8 Oct 2026
- Reporting scope
- The suite supports production of Forms 1099, 1042-S, 5498 and K-1 for domestic, retirement and nonresident alien accounts.wsc.com · read 8 Oct 2026
- Statement delivery
- Customers can choose printed or hosted statements and delivery options including electronic delivery.fisglobal.com · read 8 Oct 2026
- Support
- The WSC site lists customer service support by phone, with product and security questions and technical and file transmission support options.wsc.com · read 8 Oct 2026
- Target customers
- FIS describes Tax Reporting Manager as a web-based service for U.S. broker-dealers, banks and trust companies.fisglobal.com · read 8 Oct 2026
- Validation and corrections
- The service uses data validations and correction management to minimize errors and account holder inquiries.fisglobal.com · read 8 Oct 2026
