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Thomson Reuters says it is adding new functionality to its OneSource TaxStream Provision that will streamline companies’ tax workflow. The Enhanced Provision and Return Integration can take a single line item from TaxStream Provision and break it into multiple line items in OneSource Income Tax or take multiple line items and consolidate them into a single item. Thomson says the improvements automate manual processes, increasing efficiency. For example, clients can feed information like trial balance data and book-tax differences from OneSource TaxStream Provision into Thomson’s income tax program to get started on the return, the company says.

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