FIS Tax Reporting Manager review
A specialized web service for producing and correcting financial-services tax reports.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
FIS Tax Reporting Manager is an outsourced tax-information-reporting service for financial-services firms, including brokerage and banking organizations. It supports Forms 1099, 1042-S, 5498, and K-1, along with federal and state tax-reporting requirements. The service also provides investor-level supplemental reporting for WHFITs, processes client books-and-records data in its native format, and produces investor statements and IRS 1099 filings. It is suited to reporting operations that need specialized tax-document production rather than a general-purpose tax application.
Its workflow centers on importing and preparing existing reporting data. FIS Tax Reporting Manager automatically extracts and imports processed data, then performs data-integrity scrubbing and validation. Online corrections are available through a web interface, while bulk adjustments can be applied across CUSIPs and date ranges. These capabilities are relevant for organizations managing large reporting files, recurring corrections, and multiple financial instruments within established books-and-records processes.
The service is offered through contact sales, and access is listed for the web platform. That commercial model may suit financial institutions seeking an outsourced reporting relationship, while organizations comparing transparent self-service plans may prefer a product with publicly stated tiers. FIS Tax Reporting Manager is the stronger fit for teams that need broad information-return coverage, federal and state support, correction filing, and statement production in one specialized workflow. It is less suited to businesses outside financial services or to buyers seeking a narrow, low-complexity tax form tool.
FIS Tax Reporting Manager pros and cons
- Where it wins
- Produces 1099, 1042-S, 5498, and K-1 forms
- Validates data and supports online corrections and bulk adjustments
- Generates statement images and IRS 1099 filings
- Where it doesn't
- Pricing is handled through contact sales
- Web access is the listed platform
- Its focus is financial-services tax reporting workflows
FIS Tax Reporting Manager fact sheet, pricing and score →
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