The Tax & Accounting business of Thomson Reuters has introduced a new cloud-based professional tax software line, Agile Tax.

The new software uses a subscription-based payment model. It includes Web-based client organizers and secure online portals for delivering completed tax returns and exchanging files in progress. For the 2012 tax-filing year, Agile Tax will include federal forms 1040, 1120, 1120S and 1065 and all states, along with federal 1041 and selected states.

“We have been providing high-quality software to the full-service tax and accounting market for more than 30 years,” said Agile Tax director Jeff Fritz in a statement. “We are excited to introduce this revolutionary new product into the professional tax preparation market.”

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