TENNESSEE DEPARTMENT OF REVENUE CERTIFIES TRUSTFILE FOR E-FILING ASSISTANCE TO STATE'S BUSINESS-TAX FILERS

Baton Rouge, La., February 12, 2004

This summer the Tennessee Department of Revenue (DOR) ushered in a new era of convenience for the state's sales-and-use business-tax filers when it announced the availability of online filing of returns ("e-filing"). Tennessee DOR also re-certified software company Trustfile, approving it to help businesses take advantage of e-filing. Trustfile has been helping Tennessee businesses electronically file tax returns since 1999.

Trustfile's software and tax-processing system allow businesses and tax preparers (CPAs) to e-file state business taxes, and are especially helpful for businesses with five or more locations. The company's products include all current tax rates, regulations and current tax-agency specifications for e-filing.

“Trustfile offers a proven and reliable way for Tennessee businesses to e-file,” said Trustfile President King Woolf. “With nearly 20 years’ experience in business-tax filing and payment, we can ease the transition from paper filing to e-filing. Indeed, we already serve thousands of businesses in multiple states.”

Trustfile benefits
Trustfile software offers business filers several key benefits:

• Confidence in safe and secure e-filing: Trustfile software offers timely acknowledgement of filing and payment, the assurance of quality and accuracy of filings, automatic form calculations as states specify them and tax data that are securely stored on their own systems.
• Extensive staff knowledge of e-filing and e-payment requirements: Approved by DORs in several states, Trustfile was the first company in the nation authorized by a state to facilitate sales and use tax e-filing and e-payment.
• An easy, cost-effective way to prepare, e-file and e-pay business taxes: Trustfile software features an easy-to-use interface, a simple way to import users’ tax data without having to manually input the information, and quick access to historical data for reference, planning or audit purposes. That way, companies can spend less time filing taxes and more time building their businesses. Trustfile also offers access to knowledgeable, prompt customer service and technical support.

“Perhaps most important, Trustfile has facilitated business-tax filing for almost 20 years now,” said Woolf. “Our expertise and historical relationships with state revenue agencies gives us a thorough and current knowledge of filing specifications. That means we can track and meet state revenue-agency requirements to ensure filers’ compliance.”

About Trustfile
Trustfile produces and sells software for filing of state sales, unemployment-compensation, use and other taxes in Florida, Georgia, South Carolina, Tennessee and Wisconsin. Its subsidiary, Florida Software, Inc., was the first software company certified for electronic business-tax filing by a state department of revenue in the United States. Trustfile processed more than $8 billion in annual electronic filing and payments and serves 17 percent of the Fortune 100. The company’s headquarters office is in Baton Rouge, La.