Tax Credit Accounting Software

Easing the back-office burdens of tax credit investments

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Investor Benefit Schedules

Uploaded

Import your initial and updated benefit schedules to TCIT’s secure, validated, cloud-based central database. Everyone has instant access to the latest schedule of tax credits, loss benefits, and contributions.

IRR and NPV

Calculated

Monitor your tax credit performance on a consistent basis and invest intelligently with real time automated internal rate of return and net present value calculations. Monitor your exposure with aggregated and filtered reports for your LIHTC, New Markets, Historic Rehabilitation, and Renewable Energy tax credit investments.

Amortization

Automated

TCIT supports Proportional, Practical Expedient, Effective Yield, Equity and Cost methods of amortization. Updated tax credit or loss benefits flow? New corporate tax rate? No problem. TCIT instantly recalculates amortization schedules.

K-1 True-Up

Reconciled

Tax loss benefits not quite what you anticipated? Complete your K-1 true-ups in seconds.

Journal Entries

Prepared

TCIT creates all journal entries for your tax credit investment portfolio, in accordance with GAAP and statutory accounting principles. You’re instantly audit-ready.

Schedule BA

Compiled

TCIT formats NAIC Schedule BA parts 1,2 and 3 with related notes for you. Save time with simplified compliance.

Request a Demonstration

Tax credit accounting and compliance doesn’t have to be so hard. Request a demonstration or more information to see how TCIT can make it simple.

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News

We’re in a time of many changes in the tax credit investment market. We help you navigate the latest news.

  • IASA Annual Conference
  • ACLI Annual Conference 2020
  • NCSHA Housing Credit Connect 2020
  • 47th Annual National Premium Tax Conference November 2020
  • Tokio Marine and PHLY Choose TCIT
Executive Summary
  • June 7 – 10, 2020 in Phoenix, Arizona
  • October 11 - 13, 2020 in Boston, MA
  • June 2 - 5, 2020 in San Francisco, CA
  • November, 2020 in Reno, NV
  • Tokio Marine will use TCIT to manage accounting and reporting for the LIHTC portfolio of Philadelphia Insurance Companies.

Resources

We’re here to ease the back-office burdens of tax credit investment. Our white papers and other resources investigate current challenges and changes in our field. Tax credit accounting and compliance doesn’t have to be so complicated. We’ll help you make it simple.

Accounting for 21%

The Tax Cuts and Jobs Act of 2017 reduced the corporate tax rate to 21% and created a lot of headaches for tax credit accountants. How should you handle catch-ups? Download our free white paper for guidance and solutions.
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The Costliest Errors in Excel

Excel errors aren’t just a headache for you. Small mistakes can have enormous costs when big money is managed manually with spreadsheets. Download to discover the impact from some of the costliest errors ever to emerge from Excel Hell.
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Growing Pains

Tax credit accounting is at an awkward age. Spreadsheet-based accounting isn’t keeping up with the modern market’s complexity or with 21st-century IT standards. To realize the market's full potential, we need a better solution. Download our free white paper for an in-depth analysis of the problem and our specification of the solution we need if we’re to realize the market’s full potential.
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Main Office
3423 Piedmont Road NE
Atlanta, GA 30305

Mailing Address
3423 Piedmont Road NE
Atlanta, GA 30305

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