Before advancing to the next section, preparers must enter a screen confirming the current section has been completed. Preparers can move backward throughout the program but will encounter the completion verifications in order to advance again. All versions of TaxAct provide unlimited 1040 e-filing capabilities, with unlimited e-filing of additional forms available in select bundles.
TaxAct is fit for new professionals because of its low-price all-inclusive packages. TaxAct’s software interface is easy to master; though, it may be a bit frustrating for those who have been in the industry for a while, such as seasoned preparers. Anyone who likes to collect client information at their own pace rather than follow a series of questions to make a form-based entry may find this feature time-consuming.
TaxAct Professional Edition, formerly known as TaxAct Preparers Edition, is well suited for small firms and sole proprietors that mainly handle high volumes of 1040 returns for individuals. Individuals are TaxAct’s primary market although it has been expanding into the corporate market as well.
- Valid receipt for 2016 tax preparation fees from a tax preparer other than H&R Block must be presented prior to completion of initial tax office interview.
- A new client is an individual who did not use H&R Block office services to prepare his or her 2016 tax return.
- Offer period March 1 – 25, 2018 at participating offices only.
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Preparers who have come to rely on additional support items such as relevant knowledge base articles, and search functions, may be confused. However, OLTpro.com provides links to the IRS website and has added Helper Images through the software. The Helper Images show users the exact box that contains the information needed.
TaxSlayer software is another tool that works well for tax preparers who are new to the industry. Although it doesn’t have an online version, it’s accessible via remote access or mobile apps. The ProSeries’ integration with the Intuit suite is perfect for tax offices that have Intuit-savvy clients. Even for those who don’t have much Intuit experience, this software is easy-to-navigate for everyone from the novice preparer to the seasoned professional. CrossLink has a selective printing feature which gives preparers the ability to customize which sections of each return they would like to print for their customers.
Along with printing customization, the software allows users to edit every facet of their customer billing with pricing management tools. It presents a nice user interface and includes features like a signature pad and a 2D barcode scanner. Capture all the data automatically fill-in the data for your new tax return and Client Data page. download link Tax preparers can even scan for W-2s and K-1s in batch mode to speed up the data collection process. The TaxWise price tag may be expensive for most entry-level professional tax preparers.
Choose additional tax forms such as 1041, 1065, 1120, 1120S, and 990 at $210 each. Users can opt for the Enterprise Editions which includes an online version. The online version guarantees cloud-based storage with data accessible to up to 7 years in TaxAct’s secure servers.
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The OLTpro.com’s interface may tend to use overly technical language that may be confusing for new preparers. The program does not provide guided navigation, leaving users to determine which sections apply to their returns on their own. This design may cause an issue for new preparers, while experienced users may not have an issue. A sample of this interview-based entry mode is completing data entry in a specific order (personal information, income, and earnings, deductions and credits, health coverage, etc.).
Those who do opt for an inexpensive option that presents most of the same features. If you decide TaxWise fits your business, take a look at UltimateTax products for a lower-priced option. TaxWise contains a Tax Help menu that offers easy access to a variety of resources, including IRS publications, a Forms Library, Practice Aids, and Line Explanations.