SOURCE: TaxACT

TaxACT

October 07, 2014 10:41 ET

TaxACT 2014 Gives Professional Tax Preparers a Running Start to Tax Season

TaxACT Preparer's Editions Empower Professional Preparers to Start 2014 Returns Early and Offer Clients Year-End Tax Planning

CEDAR RAPIDS, IA--(Marketwired - Oct 7, 2014) - TaxACT®, the value leader of professional tax preparation and filing solutions, has released its 2014 federal software for 1040, 1065, 1120S, 1120 and 1041 returns. All TaxACT 2014 Preparer's Editions offer tools for organization, year-end tax planning and return preparation.

"Whether you have 10, 100 or more than 1,000 clients, TaxACT maximizes the return on your investments of time and money," said TaxACT President JoAnn Kintzel. "TaxACT Preparer's software and scalable e-filing optimize the efficiency of tax return preparation from start to finish, with options to expand your services and revenue."

Multiple imports and organization tools for maximum efficiency  
2013 returns prepared by TaxACT and many other professional solutions can be imported in a matter of a few clicks. TaxACT also imports investment, trial balance and Schedule K-1 data, and offers quick entry for popular tax forms, such as Forms 1099 and W-2.

TaxACT's office management tools include Client Manager, a centralized location for managing all client information and returns, as well as customizable invoices. To help preparers obtain all the necessary information from clients, TaxACT's personalized data organizers can be given to clients, with 2013 data next to spaces for 2014 information. 

TaxACT Enterprise Editions offer additional tools, including network sharing for multiple users in one office, Appointment Manager, Document Manager for organizing and saving digital documents, and online data backup on TaxACT's secure servers.

Calculations and reports to offer clients year-end tax strategies  
TaxACT 2014 is updated with the latest tax laws, including Affordable Care Act changes. Preparers can enter client data directly into forms or use the Q&A interview to estimate federal and state taxes, and create year-end savings strategies for each client.

TaxACT's suite of reports and guides gives professionals expert information to share with clients:

  • Prior year comparison report, showing this year's calculations with last year's
  • A "what if" report with calculations for changes to various lines of clients' 1040 returns, including income, deductions, credits, and capital gains and losses
  • Married joint vs. separate report with 1040 calculations for both filing statuses
  • Capital gains, depreciation and disposal summaries 
  • 1040 worksheet with all tax information needed for college financial aid applications
  • Comparison of clients' 1040 taxes to national averages 
  • TaxTutor Guidance in 1040, 1065, 1120S and 1120 Editions provides expert explanations, tips and strategies

To assist clients who have purchased or plan to purchase health insurance from government-sponsored marketplaces, TaxACT 2014 includes ACA-related tax forms and guidance, plus a new reference guide for the new ACA tax forms and individual shared responsibility payment.

Federal Editions will be updated with any last-minute tax law changes, final IRS forms and e-file in early January. Preparer's State Editions and e-filing will also be released at that time.

Opportunities to enhance client services and revenue  
In response to customer demand, TaxACT now offers federal and state software and e-filing for Form 1041 -- Estates and Trusts returns, featuring the same robust tools in all TaxACT Preparer's Editions. 

TaxACT also offers affordable solutions for preparers who want to offer their clients additional refund options and expert audit protection. 

Maximum value at an affordable price
TaxACT 2014 Preparer's Federal Editions are $129.99 each and Preparer's Enterprise Editions are $199.99 each. State Editions are $24.99 each per edition and $99.99 per All-States Edition.

In order to accommodate the e-filing needs and budgets of all preparers, TaxACT offers per client return e-filing and four money-saving software and unlimited e-filing bundles ranging from $589 to $1,449. 

About TaxACT
TaxACT is the critically acclaimed leader of affordable digital and download tax preparation solutions for consumers, business owners and tax professionals. TaxACT was the second-most visited online tax preparation destination for the 2013 tax season1. In the 2005 tax season, TaxACT became the first to offer free federal tax software and e-file to all U.S. taxpayers. Since 2000, TaxACT has assisted with nearly 53 million e-filed federal returns. TaxACT is a business of Blucora, Inc. (NASDAQ: BCOR). Learn more about TaxACT at www.taxact.com and www.taxact.com/press.

1 According to collective week end reports for taxact.com and taxactonline.com released by Hitwise™.

Contact Information

  • Contact
    Jessi Dolmage
    TaxACT Public Relations
    Email Contact
    (319) 373-3600