E-filing Mandates Tighten for Firms Handling New York State Tax Returns

NEW YORK, March, 8, 2011—Next tax season, any firm filing more than 10
Federal Fiduciary Income tax returns will be required to file electronically,
under the Worker, Homeownership, and Business Assistance Act of 2009. This change
will impact thousands of firms next tax season.

Thomson Reuters recently enhanced its industry-leading ONESOURCE Trust &
Estate Administration software to include e-filing capabilities for the Federal
Fiduciary Income Tax and New York state fiduciary income tax returns (1041 &
NY IT-205). The upgrade is designed to meet the complicated demands of trust,
estate, legal, and banking professionals who work with fiduciary accounting
and returns.

“In addition to the ease and efficiency of clicking a button to e-file,
all pertinent income tax related transactions can be seamlessly imported into
our Fiduciary Income Tax software from our flagship Fiduciary Accounting Software
(FAS),” said George Barnabic, vice president of ONESOURCE Trust &
Estate Administration, Thomson Reuters. “This will save our clients many
hours of manual data entry.”

ONESOURCE Trust & Estate Administration features software and service solutions
for: 706, 1041, 709, court accounting, and estate planning; and the modules
can work independently or together as an integrated system. To learn more about
Thomson Reuters 1041 Fiduciary Income Tax software and the new e-filing feature
for the Federal and New York state returns, please visit http://onesourcetrust.thomson.com/trusttax/estate/.

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The Tax & Accounting business of Thomson Reuters is the leading provider
of technology and information solutions, as well as integrated tax compliance
software and services to accounting, tax and corporate finance professionals
in accounting firms, corporations, law firms and government. Headquartered in
New York, Tax & Accounting has major operations in Ann Arbor, Dallas, Hyderabad,
London, Sydney, and Toronto. For more information, go to http://thomsonreuters.com/products_services/taxacct.

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