FIS Tax Reporting Manager
FIS Tax Reporting Manager is a web-based tax compliance and reporting service for U.S.
What FIS Tax Reporting Manager is
FIS Tax Reporting Manager is a web-based tax compliance and reporting service for U.S. broker-dealers, banks, and trust companies. It helps financial institutions prepare Forms 1099, 1042-S, 5498, and K-1 for domestic, retirement, and nonresident alien accounts. The suite also identifies reporting requirements for specialized assets, including REMICs, pass-through mortgage-backed securities, long-term OID bonds, MLPs, mutual funds, REITs, UITs, and WHFITs. Data validation and correction management help teams address errors and account holder questions. Filtering, real-time account summaries, and dashboards provide ways to search records and track processing. Exception-based reporting and daily processing throughout the year support ongoing work, and FIS supplies annual tax form updates. The service coordinates with cost basis systems and sends data feeds to third-party tax preparation software using OFX. Customers can select printed or hosted statements, including electronic delivery. FIS lists phone support for product and security questions, technical assistance, and file transmission support. Pricing is available on request.
Good
- Supports Forms 1099, 1042-S, 5498, and K-1.
- Includes validation and correction management.
- Provides real-time account summaries and dashboards.
- Supports printed or electronic statement delivery.
Watch out
- Pricing is available only on request.
- The service is web-based.
Who it suits
This service is intended for U.S. broker-dealers, banks, and trust companies handling tax reporting across multiple account types. It may suit teams that need correction workflows, processing visibility, and integrations with tax preparation software.
Verdict
FIS Tax Reporting Manager brings tax form production, exception handling, processing tools, and data coordination into a web-based service. Institutions should confirm pricing and browser requirements before choosing it.
Plans and prices
From FIS Tax Reporting Manager's own pricing page, checked 8 Oct 2026.
| Plan | Price | What it gives you |
|---|---|---|
| FIS Tax Reporting Manager | Priced on request | Enterprise tax reporting service for U.S. broker-dealers, banks and trust companies; contact FIS for pricing |
The facts
Each one read from FIS Tax Reporting Manager's own pages, with the date it was checked.
What it does
- 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.checked 8 Oct 2026
- Customer adoption
- The product sheet states that more than 350 financial institutions rely on Tax Reporting Manager.checked 8 Oct 2026
- Dashboards and research
- Filtering tools, real-time account summaries and processing dashboards support searches, research and visibility into current processing.checked 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.checked 8 Oct 2026
- Processing
- Exception-based reporting and year-round daily processing support productivity, with annual tax form updates provided by FIS.checked 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.checked 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.checked 8 Oct 2026
- Statement delivery
- Customers can choose printed or hosted statements and delivery options including electronic delivery.checked 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.checked 8 Oct 2026
- Target customers
- FIS describes Tax Reporting Manager as a web-based service for U.S. broker-dealers, banks and trust companies.checked 8 Oct 2026
- Validation and corrections
- The service uses data validations and correction management to minimize errors and account holder inquiries.checked 8 Oct 2026
Where it runs
- 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.checked 8 Oct 2026
The company
- Founded
- 1968checked 28 Sep 2026
- Headquarters
- Jacksonville, Florida, United Stateschecked 28 Sep 2026
Alternatives to FIS Tax Reporting Manager
- 1
TaxBandits
Free planAndroidiOSWebAPI8.2From $199 a year - 2
efile4Biz
Free planAndroidiOSWebAPI8.1From $149 a year - 3
Tax1099
Free planAndroidiOSWebAPI8.1From $249 a year - 4
Yearli
WebAPIWindows7.6From $129 a year - 5
BoomTax
WebAPI6.8$349 one-time - 6
IRS IRIS Taxpayer Portal
Free planWebAPI6.7Free plan