Tax Software

YOUR AFFORDABLE SOLUTION FOR
Tax Software
Professional Tax Software
Doesn't Have to Cost So Much.
It’s hard for professional preparers to make a profit when
their preparation software gouges them for hundreds or
even thousands of dollars every year. Most professional
tax software for small business firms runs between $700
and $3,000. That’s quite a chunk out of their annual budget.
Luckily, there’s a more economical choice.
At only $99 per federal edition, TaxACT’s® professional
product line is the best value in it’s class, especially since
preparers can prepare and print as many returns as needed
without being charged additional per-return fees. Better still,
TaxACT’s pricing is flexible by allowing it’s users to customize
software packs that provide deep discounts, as well as the
choice to order software and services a la carte.
The real strength of TaxACT is that it is easy-to-use,
comprehensive software. Each Edition contains the
tax preparation tools and features that smart CPAs, tax
accountants, and tax professionals want and appreciate,
including: multi-preparer support, client data organizers,
summary letters, customizable invoices, and mail label
printing. Plus, Practice Management Reports help analyze
client fees, summarize the types of returns being prepared
and more - ensuring they have the necessary information
available to better manage their practices.
We invite you to browse the materials included with this
press kit to see for yourself how TaxACT offers simplicity,
convenience, and value to its professional users.
www.TaxACT.com
1
TaxACT® 2007 Press Kit
Table Of Contents
4
TaxACT Preparer Testimonals
Read what TaxACT customers are saying about
TaxACT products and customer service.
9
Preparer's
1040 Edition
Fact Sheet
5
What's New For 2007
Find out what features and products are new to
TaxACT Preparer's Editions for the 2007 Tax Season.
7
TaxACT Preparer's E-file Fact Sheet
Perfect for preparing
1040 returns. Lean more
about the features of
this product. View a
complete list of forms,
schedules, & worksheets
included with TaxACT's
1040 Editions.
18
Preparer's 1120S Edition Fact Sheet
Uniquely suited for preparing S Corporation returns.
20
Preparer's
Enterprise
Edition
Fact Sheet
Preparer's 1120 Edition Fact Sheet
Ideal for preparing unlimited C Corporation returns.
New this year
to the TaxACT
Preparer's Editions.
22
25
1065, 1120S, & 1120 Forms
Complete list of the forms, schedules, and
worksheets that are included with TaxACT's®
Preparer's Business Editions.
TaxACT Bundles
Buy several TaxACT
products in a bundle
and save money.
TAXACT SYSTEM REQUIREMENTS:
16
• Operating System: Windows 95/98/Me/2000/XP/Vista
• Processor: Pentium or equivalent
Preparer's
1065 Edition
Fact Sheet
• RAM: 64MB recommended
• Monitor: SVGA or better (256 colors minimum)
• Hard Drive Space: 38MB
Excellent for preparing
partnership returns.
• Internet Access: Required for e-filing & online features
• Web Browser: Internet Explorer version 4.0 or greater
Consumer demand for the IRS e-file program
continues to grow each year. TaxACT makes e-filing
easy with seamless integration.
2
24
• Printer & Mouse: Highly recommended
TaxACT 2007 Press Kit
www.TaxACT.com
3
TaxACT® Preparer
What's New For 2007
Testimonials
WENDY W. – CPA
EMLENTON, PA
Curious to find out
what professionals
are saying about
TaxACT’s Preparer’s
Editions? Here are
some comments
received from preparers
during the 2006 tax
season. From price to
performance, TaxACT
customers have offered
ringing endorsements
that reflect our products
and services are able
to help professionals
to consistently achieve
their goals.
4
D. GUILLORY
DULUTH, GA
"Thank you for such a
wonderful product.
Your company has
enabled me to grow
my tax business by
providing me with
a great product at
the most reasonable
price available."
JIM D.
HEMET, CA
"Without TaxACT I would
not be able to run my
small tax practice. Their
software prices are a
small fraction of what
other companies charge
and the quality of the
produce is excellent."
"I just wanted to let you
know how pleased I was
with my 2006 TaxACT
software. I purchased
the 1040 program, as
well as the Pennsylvania
and New York state
versions. I found the
software very user
friendly and helpful.
Your technical support
personnel offered
timely, courteous,
and complete results
in the few times I
had questions.
NEW! – TAXACT® PREPARER’S ENTERPRISE EDITION
Available now at the special introductory price of
$159, the 1040 Enterprise Edition allows professionals
to collaborate within their network, share client
lists, and preparer data. Create master templates for
charge-by-forms, billing invoices, and instruction
letters that can be shared with all employees.
Enterprise shall also be available for 1065, 1120S
and 1120 Editions in January.
NEW! – 1065 E-FILE
This tax season, TaxACT Preparer’s 1065 Edition
enables professionals the ability to e-file – helping to
increase client satisfaction while contributing to the
preparer's bottom line. Better still, e-filing software is
already integrated within the 1065 Edition. There is
no need to need to install or buy software add-ons.
I prepare approximately
100 small returns out
of my home office
each year. For years, I
had been looking for
a preparers’ software
that was efficient,
user friendly, and
economical to use.
TaxACT was exactly
what I’d been searching
for. I plan to continue
to use the TaxACT
program from now on.
EXPANDED! – PART-YEAR & NON-RESIDENT FORMS
TaxACT 2007 1040 supports more part-year and
non-resident forms – adding Kentucky, Indiana,
Arizona, Oklahoma, Wisconsin, Virginia, Oregon,
and Pennsylvania.
NEW! – FORMS
Completely up-to-date and in touch with the latest
tax laws, TaxACT helps to ensure Preparer’s can avoid
new penalties that are being imposed by the IRS for
failure to disclose the treatment of obscure items on
clients’ returns. In addition to Form 8082, Notice of
Inconsistent Treatment or Administrative Adjustment
Request (AAR), other new forms include: Disclosure
Statement (Form 8275) and the Regulation
Disclosure Statement (Form 8910).
Thank you for such
a great product at
a great price!"
TaxACT 2007 Press Kit
www.TaxACT.com
5
What's New For 2007
NEW! – E-FILE
MANAGER
Client E-file Status goes
local! No need to go to
the Web to check on
clients’ e-file status. With
a simple click, TaxACT®
Editions perform an
automatic, in program
update of each clients’
filing status. Preparer's
can track clients’ e-file
status list with ease
right on their desktop!
EXPANDED! – SEARCH CAPABILITIES
TaxACT’s® new search feature found in both the
Client and E-file Managers, accelerates finding a
single client return.
6
E-file Fact Sheet
NEW! – MULTI-CLIENT
UPDATE FEATURE
More is better: clients
that is. TaxACT’s new
batch update feature
offers more flexibility
and saves time, when
preparer's need to make
changes to more than
one client at a time.
EXPANDED! – PDF
PRINTING CAPABILITIES
TaxACT Preparer’s
Editions have expanded
the PDF reports –
including depreciation
reports, essential data
organizers for clients,
the College Student
Financial Aid Report
(better known as the
Free Application for
Federal Student Aid –
or FAFSA) – and much,
much more.
RELEASE DATE: JANUARY 8, 2008
SEAMLESS E-FILE INTEGRATION
The seamless integration incorporated into TaxACT®
2007 Preparer’s Editions simplifies e-filing. All e-file
returns pass through the TaxACT SSL (secure socket
layer) transmission via the Internet and are sent to
the appropriate IRS Service Center for processing.
E-FILE AVAILABILITY
E-filing with TaxACT is available for the following
TaxACT products and states:
Federal Editions:
Preparer's 1040, 1065, 1120S & 1120
State Editions:
Preparer's State 1040 – every income-taxing state
EXCEPT New Hampshire
Preparer's State 1065, 1120S, & 1120 – Wisconsin only
E-FILE PRICING
• An e-file package to fit any size practice – Smaller
practices simply pay per-return with automatic
volume discounts. For larger practices, preparers
can choose to purchase the unlimited e-file
package for both federal and state editions.
(See page 8 for pricing chart)
NEW! – FORM ZOOM
Making due with small
print is a thing of the
past. Preparer's can
choose the form font
size that’s right for them.
• Batch e-filing saves time – with batch e-filing
capabilities, professionals can transmit multiple
returns at once!
TaxACT 2007 Press Kit
www.TaxACT.com
• Confirmation that the tax return was received –
e-filing through TaxACT provides preparers with
confirmation when the e-filed tax return is received
by 2nd Story, received by the IRS, accepted or
rejected, and why the return was rejected.
7
TaxACT® 2007 Preparer's
E-file Fact Sheet
FEDERAL PER-RETURN PAYMENT
Returns 1-25
$7.95
Returns 26-50
$4.95
Returns 51-100
$1.95
Returns 101 & Up
Free
STATE PER-RETURN PAYMENT
Returns 1-25
$3.50
Returns 26-50
$2.50
Returns 51-100
$1.95
Returns 101 & Up
Free
UP FRONT FLAT FEE
Federal Unlimited
$350
State Unlimited
$150
1040 Fact Sheet
TRACKING STATUS
2007 Preparer’s
Preparers have the
option to visit
TaxACT.com’s Preparer’s
Corner (the main
communication channel
for users to check for
acknowledgements
and ask customer
support representative
for assistance). Or, with
a single mouse click,
TaxACT’s E-file Manager
updates the filing status
of a preparer’s clients.
Integrated tracking
capabilities help
preparers to track their
clients’ e-file status list
with ease.
Includes 1040, 1120, 1120S & 1065 Returns.
PRODUCT DESCRIPTION:
TaxACT 2007 Preparer’s 1040 Edition contains all
the preparation tools & features that smart CPAs,
tax accountants, & tax professionals want and
appreciate. Discover how we can improve tax
preparers’ bottom line.
PRICE: $99.00
(unlimited print returns)
FEDERAL E-FILING:
$7.95 per return
(volume pricing
available)
RELEASE DATE:
January 8, 2008
STATE EDITIONS:
$19.95 each
Available for every
income taxing state.
PLEASE NOTE
Must purchase TaxACT
2007 State Editions to e-file
state returns.
To qualify for the unliminted
return pricing, the entire
fee must be paid up-front
before the first e-filied
return is sent.
PREPARE & PRINT UNLIMITED RETURNS FOR FREE
There’s no limit to the number of returns a preparer
can print and no extra fee per return! Just $99 allows
professionals to complete all of their clients’
1040 returns!
ELECTRONIC FILING THROUGH 2ND STORY
SOFTWARE, INC.
E-filing is incorporated into TaxACT—there’s no
special software to install. When the return is
complete, preparers can select to e-file for $7.95 per
return. Volume discounts apply, see page 8 for details.
An Electronic Filing
Identification Number
(EFIN) is required to file
electronically using TaxACT
Preparer's Editions. Preparers
can apply for an EFIN using
IRS Form 8633, available at
www.TaxACT.com/prep
8
KEY FEATURES:
TaxACT 2007 Press Kit
www.TaxACT.com
9
TaxACT® 2007 Preparer's
1040 Fact Sheet
ONE CONVENIENT LOCATION TO ENTER
PREPARER INFORMATION
Once the preparer enters his/her specific preparer
information, the data flows to all returns! Plus,
preparers can set up multiple preparer profiles.
KEY FEATURES:
KEY FEATURES:
CLIENT E-FILE STATUS GOES LOCAL WITH
E-FILE MANAGER
No need to go to the Web to check on clients’ e-file
status. With a simple click, TaxACT 1040 Edition
performs an automatic, in progarm update of all
clients’ filing status. Preparers can track clients’ e-file
status with ease, right on their desktop!
DATA IMPORTS FROM YEAR-TO-YEAR
TaxACT Preparer’s 1040 Edition allows users to batch
import data from the previous year’s version of
TaxACT, transferring every client’s data from year-toyear with a few clicks of the mouse.
DEPRECIATION CALCULATOR
Just enter depreciable assets and TaxACT Preparer’s
Edition Depreciation Calculator automatically
calculates annual depreciation! It also helps track
the prior years’ depreciation and prints several
depreciation reports.
10
KEY FEATURES:
COMMUNICATIONS WITH CLIENTS ARE A SNAP
Users can easily prepare personalized Client
Organizers to aid clients in gathering the necessary
tax information & documents for their 2007 tax
return. The organizers include a handy worksheet
listing last year’s numbers & input fields for this
year’s data. Print single pages or the entire Client
Organizer. TaxACT® also prints labels, invoices, &
Client Instruction Letters.
EXPORT FEATURE
Users can customize
export queries of their
client list to commaseparated values
(CSV) or tab-delimited
(.txt) formatted file.
Armed with the CSV
file users can integrate
TaxACT client contact
data into other software
reporting tools!
ADVANCED REPORTING
TaxACT Preparer’s Edition includes reports to simplify
client return analysis. Reports included are Joint vs.
Separate Comparison, Prior Year Comparison, Current
and Next Year’s Depreciation Summary Reports, and
Comparison to National Averages.
REVIEW ALL CLIENT
FILES IN ONE
LOCATION
The Client Manager
centralizes the client
management features.
Features include adding
new clients, opening
client returns, deleting
client returns, and
checking the status
of individual returns.
Users may also sort and
print the client list to
help with future client
communications.
1040 ALL-STATE TAX PLANNING TOOL
TaxACT’s State Planning Worksheets are customized
specifically for its corresponding income-taxing
state by pre-populating the federal data entered and
estimating state income tax due/refund. Prepare
clients’ year-end tax planning for federal and state
taxes in one seamless step.
TaxACT 2007 Press Kit
www.TaxACT.com
PRACTICE MANAGEMENT REPORTING
Preparers have the ability to analyze their clients’
tax returns quickly with special reports including:
Client Adjusted Gross Income Report, Average Client
Fees Report, Billing Report, Contact List, Mailing List,
Self-Employment Report, 2007 Federal Estimated Tax
Payments, and the Practice Summary Report.
PASSWORD PROTECTION
Keeps data safe from others who may access the
same computer.
11
TaxACT® 2007 Preparer's
1040 Fact Sheet
TaxACT CLIENT
MANAGER:
The TaxACT Client
Manager found in all
Preparer Editions (1040,
1065, 1120S, and 1120
editions), centralizes
client information which
keeps professional
preparers well informed.
The Client Manager
also manages the client
return files, allowing the
preparer to create new,
open, close, and delete
client returns.
12
TAXACT 1040 FORMS:
1040
Individual Income Tax Return
(Long Form)
8082
Notice of Inconsistent Treatment or
Administrative Adjustment Request
1040A
Individual Income Tax Return
(Short Form)
8271
Investor Reporting of Tax Shelter
Registration Number
1040ES
Estimated Tax Payment Vouchers
8275
Disclosure Statement
8275R
Regulation Disclosure Statement
8283
Noncash Charitable Contributions
8332
Release of Exemption for Child of
Divorced Parents
1040EZ Individual Income Tax Return
(EZ Form)
Allows users to track the
status of every client’s
return to quickly answer
those impromptu calls
from clients wondering
about the status of their
returns and their refund
amounts. The client
manager also allows
users to change the
client status.
The Client Manager
sorts clients’ returns by
name, social security
number, refund amount,
or status. Users can also
print the Client List for
later reference.
TAXACT 1040 FORMS:
1040V
Form 1040 Payment Voucher
1040X
1040 Amended Return
1116
Foreign Income Tax Credit
8379
Injured Spouse Claim
1310
Refund Due a Deceased Person
8396
Mortgage Interest Credit
2106
Employee Business Expenses
8453
Electronic Filing Declaration
2120
Multiple Support Declaration
8582
Passive Activity Loss Limitation
2210
Underpayment of Estimated Tax
8586
Low-Income Housing Credit
2210AI
Annualized Installment
8606
Non-deductible IRA Contribution
2439
Notice to Shareholder of
Undistributed LT Cap Gain
8609
Low-Income Housing Credit
Allocation & Annual Statement
2441
Child & Dependent Care Expenses
8615
2555
Foreign Income
Computation of Tax for
children under 14
3800
General Business Credit
8801
Credit for Prior Year Minimum Tax
3903
Moving Expenses
8812
Additional Child Tax Credit
4136
Credit for Tax Paid on Fuels
8814
4137
Tax on Unreported Tip Income
Parent’s Election to Report
Child’s Income
4562
Depreciation and Amortization
8815
Exclusion of Interest from Series
EE & I Savings Bonds
4684
Casualty and Theft Losses
8824
Like-Kind Exchanges
4797
Trade or Business Gains and Losses
8829
4835
Farm Rental Income
Expenses for Business Use of
Your Home
TaxACT stores preparer information and applies it to
all returns.
4868
Automatic Extension of Time To File
8839
Qualified Adoption Expenses
4952
Investment Interest Expense
Deduction
8853
Medical Savings Accounts & LongTerm Care Insurance Contracts
Users can create and select from stored preparer
information and apply it to a specific return.
5329
Additional Taxes on Qualified
Retirement Plans
8862
Information to Claim EIC After
Disallowance
5695
Residential Energy Credits
8863
Education Credits
6198
At-Risk Limitations
8867
Earned Income Credit Checklist
6251
Alternative Minimum Tax
8878
Tax Deduction for E-file Extension
Installment Sale Income
8879
Tax Declaration for E-file
Gains & Losses from Sec. 1256
Contracts & Straddles
8880
Credit for Qualified Retirement
Savings Contributions
All client communications include the preparer
information selected per client. Preparer information
is displayed exactly as the user specifies on Client
Organizers, Client Billings, & the bottom of every
Form 1040, Form 1065, Form 1120S, & Form 1120.
TaxACT 2007 Press Kit
6252
6781
www.TaxACT.com
13
TaxACT® 2007 Preparer's
1040 Fact Sheet
TAXACT 1040 FORMS:
TAXACT 1040 WORKSHEETS:
TAXACT 1040 WORKSHEETS:
8885
Health Coverage Tax Credit
1040
Alimony Received
2210
8888
Direct Deposit of Refund
1040
Alimony Paid Adjustment
2210
Underpayment Penalty Calculation
8889
Health Savings Accounts (HSAS)
1040
Child Tax Credit/Credit Line 11
2441
Care Provider
8901
Information on Qualifying Children
Who are Not Dependents
1040
Coverdell ESA Distributions
3903
1040
Credit for Telephone Excise Tax Paid
Moving Expense Distance and
Time Tests
1040
Dependent
4562
Asset Depreciation & Vehicle Expenses
1040
Earned Income Credit
4562
Amortization
1040
Educator Expenses
4562
Vehicles and Listed Property Info.
1040
EIC Investment Income
1040
Excess FICA
1040
8903
Domestic Production Activities
Deduction
8910
Alternative Motor Vehicle Credit
8913
Credit for Telephone Excise Tax Paid
8914
Exemption Amount for Taxpayer
Housing Individuals Displaced by
Hurricane Katrina
8915
Annualized Income
4562
Pre-1987 ACRS Depreciation
4562
Section 179 Summary
TAXACT 1040 WORKSHEETS:
Exemptions
4562
Amortization Expenditure Summary
4562
Listed Property Used Greater than
50% Summary
FAFSA Free Application for Federal
Student Aid
4562
Listed Property Used 50% or
Less Summary
Qualified Hurricane Katrina
Retirement Plan Distributions
& Repayments
1040
Foreign Employer Compensation
1040
Household Employee Income
8917
Tuition & Fee Deduction
1040
IRA Contribution Summary
8919
Uncollected Social Security &
Medicare tax on Wages
1040
Miscellaneous Income
4562
Info on Use of Vehicles Summary
1040
Other Adjustments
9465
Installment Agreement Request
4684
Casualties and Thefts
1040
Other Credits
W-4
Employee’s Withholding Allowance
4797
Supplement
1040
Other Income
5329
Roth Exception
1040
Other Taxes
6251
Line 29 Exemption
1040
Payments of Estimated Tax
6781
Supplement
1040
Roth IRA
8582
Commercial Revitalization Activities
1040
Scholarship and Fellowship Income
8582
Active Participation Rental Activity
1040
Self-Employed Health Insurance
Deduction
8582
Other Passive Activities
8586
Low-Income Housing from
Pass-Through Entities
8615
Capital Gain Tax
State Refund
8615
Net Capital Gain
1040
Student Loan Interest Deduction
8615
Tax Computation
1040
Taxable Pensions and Annuities –
Simplified Method
8814
Qualified Dividend & Capital
Gain Distribution
TAXACT 1040 SCHEDULES:
1
1040A Interest and Dividends
2
1040A Child and Dependent Care Exp.
3
1040A Credit for Elderly and Disabled
A
Itemized Deductions
B
Interest and Dividends
C
Profit/Loss from Business
D
Capital Gains and Losses
D-1
Short Term (prints with the return)
D-1
Long Term (prints with the return)
E
Rental and Royalty Income
1040
Traditional IRA
8839
EIC
Earned Income Credit
1040
Tuition and Fees Deduction
8839
F
Farm Income/Loss
1116
Detail and Notes
1040
Self-Employed Retirement Plans
1040
Social Security Benefits
1040
Sch A
Medical Expenses
Sch A
State Sales Tax
Sch A
Deductible Points
Sch A
Mortgage Interest
Sch A
Contribution Limitation
Sch A
Itemized Deductions Limitation
Sch B
Interest Income
Sch B
Dividend Income
Sch C
Miscellaneous Income
Sch D
Home Sale
Sch D
Home Sale Reduced Exclusion
Sch D
Carryforward from Prior Years
Sch D
Carryforward to Next Year
Sch D
Unrecaptured Section 1250 Gains
Qualified Dividends & Capital Gain Tax
Sch D
Tax Worksheet Line 20
Sch D
28% Rate Gain
Prior Year Benefits
Sch E
Vacation Home Limitation
Qualified Adoption Expenses
Carryforward
Sch E
Partnership K-1 Summary
Sch E
S-Corp K-1 Summary
Sch E
Estate K-1 Summary
H
Household Employment Taxes
1116
Capital Gain Adjustment – Line 17
8853
Taxpayer Statement
Farm Income Averaging
2106
Vehicle Expenses
8853
Spouse Statement
R
Credit for the Elderly
2106
8910
Vehicle Information
SE
Self-Employment Tax
Employee Expenses for Business Use
of Your Home
EF
Electronic Filing
TaxACT 2007 Press Kit
Hurricane Disaster Worksheet
Sch D
J
14
Hurricane
www.TaxACT.com
Sch SE Self-Employment Adjustment
W-4
Employee’s Withholding Allowance
Certificate
15
TaxACT® 2007 Preparer's
1065 Fact Sheet
KEY FEATURES:
PRODUCT DESCRIPTION:
TaxACT 2007 Preparer’s 1065 Edition is uniquely
suited for preparing partnership returns. It offers
advanced features for organizing client returns
and client information, making clients’ returns
easier to manage.
PRICE: $99.00
(unlimited print returns)
COMMUNICATIONS WITH CLIENTS ARE A SNAP
TaxACT® prints labels, invoices, and client organizers.
FEDERAL E-FILING:
$7.95 per return
(volume pricing
available)
STATES AVAILABLE:
$19.95 each
AZ, CA, FL, GA, IA, IL, IN,
MN, MO, NY, SC, & WI
SCHEDULE K-1S
Schedule K-1s are allocated and updated
automatically even as the business’s income changes.
KEY FEATURES:
PREPARE & PRINT UNLIMITED 1065 RETURNS–FREE
There is no limit to the number of returns and no
extra fee per return. Just $99 allows professionals to
complete all of their clients’ 1065 returns!
ONE CONVENIENT LOCATION TO ENTER
PREPARER INFORMATION
Once the preparer enters his/her specific preparer
information, the data flows to all returns.
MULTIPLE PREPARER PROFILES
For preparers with more than one preparer in their
office, each can have their own profile printed on
their clients’ tax returns.
16
PARTNER SUMMARY LETTERS
Print specially designed Summary Letters, which
provide specific filing instructions for each partner.
CUSTOM RETURN PRINTING
Print individual forms, multiple copies, & more!
1065 QUICK FACTS:
RELEASE DATE:
January 8, 2008
REVIEW ALL CLIENT FILES IN ONE LOCATION
The Client Manager centralizes the client
management features. Features include adding
new clients, opening client returns, deleting client
returns, checking the status of individual returns,
and printing the client list.
TaxACT 2007 Press Kit
DEPRECIATION CALCULATOR
Just enter depreciable assets and TaxACT Preparer’s
Edition Depreciation Calculator automatically
calculates the annual depreciation! It also helps users
track the prior years’ depreciation and prints several
depreciation reports.
NEW! – E-FILE FOR
FEDERAL FORM
1065 RETURNS
TaxACT includes e-file
compatibility for
Form 1065. Only $7.95
per return. Volume
discounts available, see
page 8 for details.
LOAN & SAVINGS CALCULATORS
Print amortization and accumulation schedules
for clients.
PASSWORD PROTECTION
Keeps data safe from others who may access the
same computer.
STATE 1065 EDITIONS
Available for just $19.95 each – Arizona, California,
Florida, Georgia, Iowa, Illinois, Indiana, Minnesota,
Missouri, New York, South Carolina, and Wisconsin.
Best Value: Get the All-State Edition for $79.95!
www.TaxACT.com
17
TaxACT® 2007 Preparer's
1120S Fact Sheet
KEY FEATURES:
PRODUCT DESCRIPTION:
TaxACT 2007 Preparer’s 1120S Edition is tailored
to the paid tax preparer. Advanced features for
organizing client returns and client information are
included to make clients’ returns easier to manage.
PRICE: $99.00
(unlimited print returns)
COMMUNICATIONS WITH CLIENTS ARE A SNAP
TaxACT® prints labels, invoices, client filing
instructions, and partner instruction letters.
FEDERAL E-FILING:
$7.95 per return
(volume pricing
available)
STATE EDITIONS:
$19.95 each
Available for:
AZ, CA, FL, GA, IA, IL, IN,
MN, MO, NY, SC, & WI
KEY FEATURES:
PREPARE & PRINT UNLIMITED 1120S RETURNS–FREE
There is no limit to the number of returns and no
extra fee per return! Just $99 allows professionals to
complete all of their clients’ 1120S returns!
ONE CONVENIENT LOCATION TO ENTER
PREPARER INFORMATION
Once the preparer enters his/her specific preparer
information, the data flows to all returns! Plus,
preparers can set up multiple preparer profiles.
PARTNER SUMMARY LETTERS
Print specially designed Summary Letters,
which provide specific filing instructions for
each shareholder.
18
CUSTOM RETURN PRINTING
Print individual forms, multiple copies at once,
and more!
E-FILE FOR FEDERAL FORM 1120S RETURNS
TaxACT includes e-file capability for Form 1120S
returns. Only $7.95 per return. Volume discounts are
available, see page 8 for details.
1120S QUICK FACTS:
RELEASE DATE:
January 8, 2008
REVIEW ALL CLIENT FILES IN ONE LOCATION
The Client Manager centralizes the client
management features. Features include adding new
clients, opening client returns, deleting client returns,
& checking the status of individual returns. And now,
users can print the client list.
TaxACT 2007 Press Kit
DEPRECIATION CALCULATOR
Just enter depreciable assets and TaxACT Preparer’s
Edition Depreciation Calculator automatically
calculates the annual depreciation! It also helps users
track the prior years’ depreciation and print several
depreciation reports.
PASSWORD PROTECTION
Keeps data safe from others who may access the
same computer.
STATE 1120S EDITIONS
Available for just $19.95 each. – Arizona, California,
Florida, Georgia, Iowa, Illinois, Indiana, Minnesota,
Missouri, New York, South Carolina, and Wisconsin.
Best Value: Get the All-State Edition for $79.95!
www.TaxACT.com
19
TaxACT® 2007 Preparer's
1120 Fact Sheet
KEY FEATURES:
PRODUCT DESCRIPTION:
TaxACT 2007 Preparer’s 1120 Edition is tailored to the
paid tax preparer. Advanced features for organizing
client returns and client information are included to
make clients’ returns easier to manage.
1120 QUICK FACTS:
FEDERAL E-FILING:
$7.95 per return
(volume pricing
available)
STATE EDITIONS:
$19.95 each
Available for:
FL, NY, & WI
COMMUNICATIONS WITH CLIENTS ARE A SNAP
TaxACT® prints labels, invoices, client filing
instructions, and partner instruction letters.
KEY FEATURES:
PREPARE & PRINT UNLIMITED 1120 RETURNS–FREE
There is no limit to the number of returns and no
extra fee per return! Just $99 allows professionals to
complete all of their clients’ 1120 returns!
E-FILE FOR FEDERAL1120 RETURNS
TaxACT includes e-file capability for Form 1120
returns. Only $7.95 per return. Volume discounts are
available, see page 8 for details.
20
REVIEW ALL CLIENT FILES IN ONE LOCATION
The Client Manager centralizes the client
management features. Features include adding new
clients, opening client returns, deleting client returns,
& checking the status of individual returns. And now,
users can print the client list.
CUSTOM RETURN PRINTING
Print individual forms, multiple copies at once,
and more!
PRICE: $99.00
(unlimited print returns)
RELEASE DATE:
January 8, 2008
ONE CONVENIENT LOCATION TO ENTER
PREPARER INFORMATION
Once the preparer enters his/her specific preparer
information, the data flows to all returns! Plus,
preparers can set up multiple preparer profiles.
TaxACT 2007 Press Kit
DEPRECIATION CALCULATOR
Just enter depreciable assets and TaxACT Preparer’s
Edition Depreciation Calculator automatically
calculates annual depreciation! It also helps users
track the prior years’ depreciation and print several
depreciation reports.
PASSWORD PROTECTION
Keeps data safe from others who may access the
same computer.
STATE 1120 EDITIONS
Available for just $19.95 each. – Florida, New York,
and Wisconsin.
www.TaxACT.com
21
TaxACT'S® 2007 Preparer's
Business Edition Forms
TAXACT 2007 PREPARER’S 1065
TAXACT 2007 PREPARER’S 1120S
TAXACT 2007 PREPARER’S 1120
Forms:
Forms:
Forms:
1065 U.S. Return of Partnership Income
4562 Depreciation and Amortization
4797 Sale of Business Property
6252 Installment Sale Income
1120S U.S. Income Tax Return for an
S Corporation
1120S-W Estimated Tax for Corporations
1120 U.S. Corporation Income Tax Return
1120-W Estimated Tax for Corporations
4562 Depreciation and Amortization
2220 Underpayment of Estimated Tax
by Corporations
7004 Application of Automatic Extension
of Time to File
4797 Sale of Business Property
4562 Depreciation and Amortization
6252 Installment Sale Income
8825 Rental Real Estate Income
and Expenses
7004 Application of Automatic
Extension of Time to File
4626 Alternative Minimum Tax
for Corporations
8913 Credit for Telephone Excise Tax
Paid Schedules
8050 Direct Deposit of Corporate
Tax Refund
Schedules:
A Cost of Goods Sold
B Other Information
D Capital Gains and Losses
F Profit or Loss From Farming
K Partners’ Share of Income, Credits,
and Deductions
K-1 Partner’s Share of Income, Credits,
and Deductions
L Balance Sheet per Books
M-1 Reconciliation of Income (Loss)
per Books with Income (Loss)
per Return
M-2 Analysis of Partners’ Capital
Accounts
M-3 Net income (Loss) Reconciliation
8825 Rental Real Estate Income
and Expenses
8879-S Signature Authorization
8913 Credit for Telephone Excise Tax
Paid Schedules
Schedules:
4797 Sale of Business Property
6252 Installment Sale Income
7004 Application for Automatic
Extension of Time to File
8050 Direct Deposit of Corporate
Tax Refund
8879-C Signature Authorization
8903 Domestic Production Activities
Deduction
8913 Credit for Telephone Excise Tax Paid
A Cost of Goods Sold
B Other Information
D Capital Gains and Losses
K Shareholders’ Share of Income,
Credits, & Deductions
K-1 Shareholder’s Share of Income,
Credits, & Deductions
L Balance Sheet per Books
M-1 Reconciliation of Income(Loss) per
Books with Income (Loss)
per Return
M-2 Analysis of Partners’ Capital
Accounts
M-3 Net income (Loss) Reconciliation
Schedules:
A Cost of Goods Sold
C Dividends & Special Deductions
D Capital Gains and Losses
E Compensation of Officers
J Tax Computation
K Other Information
L Balance Sheet per Books
M-1 Reconciliation of Income (Loss)
per Books with Income (Loss)
per Return
M-2 Analysis of Unappropriated
Retained Earning per Books
M-3 Net income (Loss) Reconciliation
22
TaxACT 2007 Press Kit
www.TaxACT.com
23
TaxACT® 2007 Preparer's
TaxACT® 2007 Preparer's
Enterprise Fact Sheet
Business Pick-2
TAXACT PREPARER’S PICK 2 BUNDLE:
The TaxACT Preparer’s Pick 2 Bundle incorporates the
choice of any two Preparer’s business tax products:
Preparer’s 1065, Preparer’s 1120S, or Preparer’s 1120.
PRODUCT DESCRIPTION:
TaxACT Enterprise Editions contains the same
preparation tools & features as other TaxACT
Preparer's Editions PLUS it allow professionals to
collaborate within their network.
PRICE: $169.00 (unlimited print returns)
FEDERAL E-FILING:
$7.95 per return (volume pricing available)
RELEASE DATE: January 8, 2008
ENTERPRISE
QUICK FACTS:
TaxACT® 2007 Preparer's
INTRODUCTORY
PRICE: $159.00
(unlimited print returns)
Business 3-Pack
FEDERAL E-FILING:
$7.95 per return
(volume pricing
available)
RELEASE DATE:
January 8, 2008
STATE EDITIONS:
$19.95 each
Available for every
income taxing state.
TAXACT PREPARER’S BUSINESS 3 PACK:
Save money by loading three powerful business
tax products (Preparer’s 1065, Preparer’s 1120S, and
Preparer’s 1120) into one economical package.
KEY FEATURES:
PRICE: $239.00 (unlimited print returns)
NETWORK FUNCTIONALITY
Collaborate within a network. Share client lists &
preparer data. Create master templates for charge-by
forms, billing invoices and instruction letters.
FEDERAL E-FILING:
$7.95 per return (volume pricing available)
RELEASE DATE: January 8, 2008
SECURITY SETTINGS
Create administrative and individual user accounts.
AVAILABLE FOR:
1040, 1065, 1120S, and 1120 Editions
Upgrade Pricing Available—Call 1-800-573-4287 for details.
24
TaxACT 2007 Press Kit
www.TaxACT.com
25
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SOFTWARE
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2nd Story Software, Inc.
All rights reserved.