Tax Technologies Fixed Asset Manager

What Tax Technologies Fixed Asset Manager is

Tax Technologies Fixed Asset Manager (FAM) helps businesses manage fixed assets across jurisdictions and depreciation purposes, from acquisition through disposition. It calculates depreciation and amortization, accumulated amounts, depreciable-basis differences, and gains or losses when assets are disposed. Supported purposes include U.S. GAAP, U.S. Federal Tax, and U.S. Federal AMT, with additional custom purposes available. Users can roll prior-year data forward and record additions, disposals, splits, and transfers; custom asset types can specify asset lives, methods, and conventions. FAM computes book-tax differences to support U.S. federal Forms 4562 and 4797. The vendor says implementation includes replicating historical asset data and checking that calculations tie out. Tax Series web services can transfer data between Tax Series and client systems, with validation and calculation triggers. The cloud product supports multiple entities. Tax Technologies reports annual third-party SOC 1 and SOC 2 reports and assigns each client a dedicated support representative. Pricing is available by request, not as a published amount.