Simplify and Automate Your IRS 1042-S Electronic Reporting Process!
Developed in partnership with our world class International TAX and accounting partners. The OPES ICE solution is a suite of tools that enables financial institutions to easily manage and expedite the process of complying with the IRS electronic filing and reporting requirements of Form 1042-S (Foreign Person’s U.S. Source Income Subject to Withholding). ICE enables you to upload all the required information in batch form and then automatically generates the necessary IRS formatted E-files and electronically submits them to the IRS. ICE also mass produces client copies of the 1042-S form.
Meet IRS E-Filing Deadline
ICE enables you to meet your IRS e-filing requirements on time and accurately, mitigating the possibility of incurring IRS penalties.
Reports in Minutes
OPES ICE is also offered in a service bureau. Simply supply us with your data and we take care of the rest. We will create your required 1042-S electronic file and submit it to the IRS on your behalf.
Reduce Risk & Increase Efficiency
Electronically generated IRS E-files and populated IRS 1042-S forms mitigate the possibility of manual errors, reducing your operational risk and improving reporting efficiency.
- Can be installed on premise or use in a Cloud environment.
- Offered in a service bureau format with nothing to install. Get your reports in Minutes!
- Standardized Batch Upload Template – Simplifies manual processes and mitigates operational risk
- Workflow Manager – Step-by-Step workflow to simplify the IRS reporting process
- IRS E-File Submitting – Electronically generate and transmit IRS reports
- Client 1042-S Reporting – Electronically generate and populate client 1042-S forms
- International Tax Experts – Developed in partnership with one of the largest accounting firms in the world
- Fully IRS FIRE System Tested – Enables you to focus on your core business objectives, rather than developing new IT systems to meet the IRS reporting requirements and deadlines.