ASC 740 Income Tax Provision
Current and deferred tax provision calculated automatically from your GL data. Effective tax rate reconciliation. Uncertain tax positions (FIN 48) tracked. Board-ready tax footnote generated.
Compliance & Tax
Nexus US Tax Suite
Every US federal and state tax obligation, managed in one place. From ASC 740 income tax provision to 1099 e-filing and W-2 processing — Nexus handles the full US tax compliance stack for businesses of every size.
100% of 1099s filed electronically, on time
Key Capabilities
What Nexus US Tax Suite does
1099 Preparation & E-Filing
1099-NEC, 1099-MISC, 1099-INT, 1099-DIV and more — generated from your AP and payment data. Electronic filing with the IRS via FIRE system. State filing where required.
W-2 & W-3 Processing
Year-end W-2s generated from payroll data. W-3 transmittal prepared automatically. Electronic filing with SSA. Employee delivery via portal or print.
Sales Tax Nexus Tracking
Economic nexus monitored across all 50 states. Threshold alerts before you trigger registration requirements. Historical nexus analysis for prior period exposure.
R&D Tax Credit Documentation
Section 41 qualified research activity tracking. Employee time allocation to QRAs. Contractor and supply costs tracked. Credit calculation and documentation for IRS substantiation.
State Income Tax Apportionment
Multi-state income apportionment calculations. Sales factor, payroll factor, and property factor by state. State modification tracking.
How It Works
- 1
Connect Payroll & AP
W-2 and 1099 data flows from payroll and AP automatically. No manual data entry.
- 2
Review & Adjust
Review generated forms, make corrections, and approve for filing. Full audit trail on every change.
- 3
File
Electronic filing with IRS, SSA, and state agencies. Confirmations recorded. Corrections handled if needed.
Compliance & Standards
IRS (all federal filing requirements)ASC 740 (income tax accounting)GAAP (tax provision and disclosure)All 50 state tax authorities
Available for:All
Key Outcomes
100%
on-time filing rate
ASC 740
provision completed in hours, not weeks
Zero IRS
penalties for late or incorrect filings