tax modules that prepare federal and state returns and tax planning modules for corporations, partnerships, individuals, and estates and trusts. A microcomputer-with its ability to store large amounts of data that can be manipulated at tremendous rates of speed-performs many of the mechanical and repetitive tasks involved in income tax return preparation. For example, Turbo Tax prepares individual, corporate, partnership, fiduciary, and deferred compensation tax returns. Tax-planning software essentially performs spreadsheet what-if tax scenarios.
software that helps taxpayers plan for and prepare their tax returns. Programs such as Turbo Tax and TaxCut help taxpayers analyze their tax situation and take actions to minimize tax liability. Different versions of tax software are appropriate for large and small businesses, partnerships, individuals, and estates.
software that helps taxpayers plan for and prepare their tax returns. Software such as TurboTax and TaxCut helps taxpayers analyze their tax situation and take actions to minimize tax liability. Different versions of tax software are appropriate for large and small businesses, partnerships, individuals, and estates. The software also comes in statespecific versions to aid in preparation and planning for state taxes. When integrated with a personal finance software package, a taxpayer does not have to reenter data, which can easily be exchanged from the personal finance side into the tax preparation side of the package.
