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Law firm Zarin Baum’s embrace of generative AI as the natural next step in the evolution of legal work and their adoption of CoCounsel Legal has helped them achieve remarkable efficiency gains and improved client relationships.
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CoCounsel Legal
Transform your work with the only AI legal solution uniting research, drafting, and document analysis in a single experience. Designed by legal experts and built on trusted content and advanced AI, CoCounsel Legal accelerates multistep work so you can better serve your clients and grow your business.
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CoCounsel Tax
Transform your tax practice with CoCounsel Tax, an AI-powered assistant that combines trustworthy answers, automation, and firm knowledge into one seamless platform. Enhance efficiency, reduce risk, and improve client confidence with CoCounsel Tax.
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CLEAR
Powerful software designed for law enforcement, compliance, risk, and fraud investigators. Conduct thorough investigations with ease using our intuitive online investigation software. Efficiently, prevent, detect, and solve crime.
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2026 SKILLS Showcase
Join weekly sessions to experience in-depth demonstrations of the leading legal AI products while connecting with strategic law firm leaders in knowledge management, innovation, and AI.
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Ghosts on the ledger
Payroll fraud is a major compliance risk. Learn how payroll analytics and AI-powered tools can help exorcise phantom employees and employers.
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Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen KFrgn - Schedule K - Foreign Transactions (1065)
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Foreign Transactions
Category of income
Select the category of income for foreign source gross income and deductions allocated and apportioned at the partnership level. This information determines where to report the foreign gross income and deductions on Schedules K and K-1.
note
If
3
, 4
or 5
is selected, the application reports this as Other category income and deductions on Schedules K and K-1.Mutual fund or other regulated investment company (RIC) income
Enter
X
if the foreign income and foreign taxes were from a mutual fund or other regulated investment company (RIC). When you mark this field, "RIC" displays as the country name on Schedule K and the partnership and partner Foreign Transaction Worksheet. Regulated investment income (RIC) does not need to be reported on a country-by-country basis.