TaxTools (Pro)

The most widely used program of its kind in the industry

FEATURES

FEATURES

  • New! TaxTools includes full access to Forms Library.
  • Worksheets print with the client’s name and your firm name in a professional quality format. Include them as attachments to the tax return or present to the client with an invoice, which can also be generated by TaxTools.
  • Hundreds of tax forms included (many not found in tax preparation software), such as SS-4, Power of Attorney and Offer in Compromise.
  • Client information is mapped directly onto the form. Multiple versions of a form may be saved for a client. Forms print exactly as they appear on screen. Most forms can be e-mailed as a PDF.
  • Handy financial calculators, including Mutual Fund Average Cost Basis and several Loan and Investment modules.
  • Flowcharts allow you to answer a series of questions to determine filing status, inherited IRA options, whether the taxpayer falls under the “Kiddie Tax” rules, etc. Update from the internet when forms or laws change.
  • Data backup and restore. Save clients to any type of storage device and easily retrieve them with a few clicks.
  • Client and preparer database. Add an unlimited number of clients, employees, and preparers. Easily manage them with our intuitive interface.
  • Tutorial & context sensitive help. Watch a movie with step-by-step instructions on how to use various parts of the program. Or, get help on-the-fly as you use each module.
  • Federal/State Planner and over 800 modules, including:
    78 General Utilities
    38 Flowcharts
    700+ Fill-in Forms
    24 Retirement Calculations
    23 Financial Calculations
  • Imports clients from a variety of formats:
    Lacerte ®
    TaxWorks ™
    ProSystem fx ™
    CFS programs
    ASCII files
  • Federal/State Tax Planner – Comprehensive 5-year or 5-scenario tax planner can be used to do tax calculations or do projections based on “what-if” scenarios. Includes:
    AMT
    SE Tax
    Phase-outs
    EIC
    Child Tax Credit
    Dependent Care Credit
  • Save valuable time during tax season and throughout the year with easy-to-use modules, such as:
    Minimum IRA Distribution
    Estate Tax Calculator
    Tax Deferred Exchanges
    Auto Lease Inclusion Amount…and more!
GENERAL UTILITIES
  • 5 Year Federal/State Tax Planner
  • After-Tax Loan Refinance Analysis
  • After-Tax Yield Calculator
  • Alimony Recapture
  • Annuity – General & Simplified Rule
  • Annuity – Joint/Survivor After 1997
  • Annuity – New Simplified Rule
  • AT&T Divestiture
  • Auto Cents-Per-Mile Valuation Rule
  • Auto Lease Inclusion Amount
  • Auto Lease Valuation Rule
  • Auto Lease vs Buy Comparison
  • Auto Mileage and Expense Log
  • Auto Sale – Gain/Loss Actual Expenses
  • Auto Sale – Gain/Loss Std. Mile. Rate
  • Auto Trade (3 modules)
  • Bank Reconciliation
  • Buy vs Lease – Equipment
  • Cancellation of Debt Worksheet – Insolvency
  • Canc. of Debt – Qual. Prin. Res. Indebtedness Wksht
  • Cash T Analysis
  • Client Contact Log Sheet
  • Client Filing Instructions
  • Client Tax Organizer
  • College Fund Calculator
  • College Savings Plans: 529 Plan vs Alternatives
  • Dependency Support Worksheet
  • Domestic Production Activities Wksht – Form 8903
  • Education Credit and Deduction Analysis Worksheet
  • Employee Time Sheet
  • Estate Tax Calculator
  • Fax Cover Sheet
  • Foreclosure & Voluntary Conveyance
  • Foreclosure – Two Loans
  • Health Savings Account (HSA) Evaluator
  • Hiring Your Dependent Child
  • Home Loan Tracing Worksheet
  • Income Statement – Tax/Financial
  • Income Splitting for Community Property
  • Installment Sale Income
  • Interest Allocation (1st Yr. and Subsequent Yrs.)
  • Invoice Generator
  • IRA Calculator
  • IRA Distribution Before Age 59 1/2
  • IRA Distribution/Contribution/Basis
  • IRA: Inherited IRA – Required Minimum Distr.
  • IRA Minimum Distribution
  • IRA Minimum Distribution – Multiple Acct Wksht
  • IRA: Comparing the Roth IRA With Other IRAs
  • IRA: Non-deductible IRA Basis Tracker
  • IRA: Roth IRA Basis Tracker
  • IRA: Phaseout Calculator
  • IRA: Why Convert a Traditional IRA to a ROTH IRA?
  • IRS/Custom Labels
  • Individual 401(k) Plan Contribution
  • Keogh/SEP Combined Plan Calculator
  • Keogh/SEP/401(k) Calculator
  • Keogh/SEP Single Plan Calculator
  • MACRS Depreciation
  • Missing Information Sheet (4)
  • Mutual Fund Basis Calculator
  • Net Operating Loss
  • Net Worth Statement
  • NOL Carryback/Carryover
  • Occupational Deductions for Airline Personnel
  • Occupational Deductions for Auto Salespersons
  • Occupational Deductions for Business Professionals
  • Occupational Deductions for Clergy
  • Occupational Deductions for Constructions Workers
  • Occupational Deductions for Day Care Providers
  • Occupational Deductions for Direct Sellers
  • Occupational Deductions for Educators
  • Occupational Deductions for Entertainers
  • Occupational Deductions for Fire Fighters
  • Occupational Deductions for Law Enforcement
  • Occupational Deductions for Long Haul Truckers
  • Occupational Deductions for Medical Professionals
  • Occupational Deductions for Realtors
  • Occupational Deductions for Self-Employed Individuals
  • Occ. Deds. for Vehicle, Travel and Entertainment Exp.
  • Occupational Deductions for Hairstylists/Manicurists
  • Original Issue Discount (OID) Calculator
  • Paycheck Withholding Calculator
  • Paycheck Withholding: CA 2011 10% Over W/H DE 4 Adj.
  • Qualify for Home Purchase
  • Qualified Loan Limit & Mortgage Interest
  • Quick Memo
  • Rental Property Setup
  • Repossession of Personal Property
  • Repossession of Real Property
  • Sale of Personal Residence Planner
  • Sale of Rental Property
  • Small Business Health Care Tax Credit Worksheet
  • Social Security: Take It at Age 62 or Later?
  • Social Security Benefits – Joint Survivor Options
  • Social Security/RRB Taxability and Lump Sum Wksht
  • Social Security Optimization
  • Special Avg for Lump Sum Distrib.
  • Statement of Account
  • State Sales Tax Ded. Calc. & Comp. to Inc. Tax Ded.
  • Tax Benefit Rule
  • Tax Credit and Deduction Phase-out Calculator
  • Tax Deferred Exchanges
  • Tax Deferred Exchange (1 page)
  • Tax Fee Schedule and Justifier
  • Time Share Ownership Compared to a Vacation Rental
  • To Do List
  • Vacation Home Rental Worksheet
  • Why Invest in a 401(k)?
FLOWCHARTS
  • Child: Uniform Definition of a ‘Qualifying Child’
  • Child Care Credit – Who Qualifies (2)
  • Children’s Income on Parents Return
  • Commuting and Travel Expenses
  • Credit for the Elderly or Disabled
  • Dependency Exemption
  • Earned Income Credit (2)
  • Educational Expenses
  • Employee Business Expenses
  • Estimated Taxes
  • Filing Status
  • Foreign Earned Income Exclusion
  • IRAs Deductible
  • IRAs Inherited (2)
  • Kiddie Tax
  • Like-Kind Exchanges
  • Material Participation Rules
  • Meal & Entertainment Expenses
  • Mortgage Interest – Deductible
  • Moving Expenses
  • New EIN: when does an entity need one?
  • Office in Home
  • Payroll taxes for family members
  • Payroll Deposits
  • Points – Deductible
  • Real Estate Professional
  • Resident or Nonresident Alien
  • Student Loan Interest Deduction
  • Support Test
  • Vacation Home Rules
  • U.S. Savings Bond Interest
  • W-4 Withholding
FEDERAL FORMS
  • All 500+ forms found in Forms Library
  • 56 (Notice Concerning Fid. Relationship)
  • 211 (App. for Reward for Original Info.)
  • 433-A (Collection Info. for Individuals)
  • 433-B (Collection Info. for Businesses)
  • 433-D (Installment Agreement)
  • 433-F (Collection Info. Statement)
  • 656 (Offer In Compromise)
  • 656-L (OIC, Doubt as to Liability)
  • 656-PPV (OIC – Periodic Payment Voucher)
  • 843 (Claim for Refund/Abatement)
  • 907 (Agreement to Extend the Time to Bring Suit)
  • 911 (App. for Taxpayer Assistance)
  • 952 (Consent To Ext. Period of Limit. on Assess… )
  • 966 (Corp. Dissolution or Liquidation)
  • 982 (Reduction of Tax Attributes)
  • 1040-ES (Est. Tax for Individuals)
  • 1041-ES (Est. Tax for Fiduciaries)
  • 1045 (Net Operating Loss)
  • 1120-H (Return for Homeowners Assoc.)
  • 1139 (Corp. Appl. for Tentative Refund)
  • 1310 (Refund for Deceased Taxpayer)
  • 2553 (S Corporation Election)
  • 2848 (Power of Attorney)
  • Power of Attorney-Rep. Statement of Withdrawal
  • Power of Attorney-Taxpayer Statement of Revocation
  • 3115 (Change in Accounting Method)
  • 3911 (Statement Regarding Refund)
  • 4506 (Request for Copy of Tax Return)
  • 4506T (Request for Transcript of Tax Return)
  • 4506T-EZ (Short Form Request for Ind. Transcript)
  • 4768 (Appl. Ext. Time to File a Return)
  • 4810 (Request for Prompt Assessment)
  • 4852 (Substitute W-2 Generator)
  • 4868 (Automatic Extension)
  • 5213 (Elect. to Postpone Det. for Profit)
  • 5500-EZ (Ann. Ret. of One-Part. Retirement Plan)
  • 5558 (Ext. to File Emp. Plan Return)
  • 7004 (Corporate Extension)
  • 8275 (IRS Disclosure Statement)
  • 8300 (Rpt. of Cash Payments >$10,000)
  • 8332 (Rel. of Claim to Exemp. for Child)
  • 8379 (Injured Spouse & Claim Allocation)
  • 8594 (Asset Acquisition Stmt. Sec.1060)
  • 8633 (Application for Electronic Filing)
  • 8716 (Election for TY other than Req. TY)
  • 8809 (Extension of Time to File Info. Ret.)
  • 8821 (Tax Information Authorization)
  • 8822 (Change of Address)
  • 8857 (Req. for Innocent Spouse Relief)
  • 8867 (Paid Preparer’s EIC Checklist)
  • 8868 (App. for Ext. To File Exempt Org. Ret.
  • 8919 (Uncollected SS and Medicare Tax on Wages)
  • 9423 (Collection Appeal Request)
  • 9465 (Installment Agreement Request)
  • 12153 (Req. for a Coll. Due Process Hearing)
  • 12203 (Request for Appeals Review)
  • 12507 (Innocent Spouse Statement)
  • 12508 (Questionnaire for Non-Requesting Spouse)
  • 12509 (Statement of Disagreement)
  • 13711 (Req. for Appeal of Offer in Comp.)
  • 13844 (App. for Red. User Fee For Inst. Agree.)
  • I-9 (Employment Eligibility Verification)
  • SS-4 (Application for EIN)
  • SS-5 (Application for SSC)
  • SS-8 (Determination of Worker Status)
  • TD F 90-22.1 (Report of Foreign Bank)
  • W-4 (Emp. Withholding Allowance Cert.)
  • W-4P (Withholding Cert. Pension/Annuity)
  • W-4V (Voluntary Withholding Request)
  • W-7 (App. for Taxpayer ID Number)
  • W-9 (Request for Taxpayer ID Number)
  • W-10 (Dependent Care ID & Cert.)
  • W-12 (IRS Paid Preparer Tax ID No. (PTIN) App.)
STATE FORMS
  • 100-ES (Corp. Est. Tax – CA)
  • 540-ES (Est. Tax Ind. – CA)
  • 541-ES (Est. Tax Fid. – CA)
  • 593-E (Real Estate W/H – Comp. of Est. G/L – CA)
  • 743 (Online Account View Access Auth. – CA)
  • 911 (Req. for Relief from Hardship – CA)
  • 3516 (Req. Copy – CA)
  • 3519 (Automatic Ext. – CA)
  • 3520 (FTB POA – CA)
  • 3522 (Limited Liability Tax Voucher – CA)
  • 3525 (Substitute W-2 – CA)
  • 3533 (Change of Address – CA)
  • 3536 (Estimated Fee for LLCs – CA)
  • 3539 (Corp. Ext. Filer – CA)
  • 3561 (Collection Info – CA)
  • 3563 (Auto. Ext. for Fiduciaries – CA)
  • 3567 (Installment Agreement Req. – CA)
  • 4905BE (Offer in Compromise – Business Entity – CA)
  • 4905PIT (Offer in Compromise – CA)
  • 8454 (E-file Opt-Out Record – CA)
  • 8633 (App. to Part. in the e-file Program – CA)
  • CDTFA-392 (POA – CA)
  • CDTFA-401-DS (Use Tax Return – CA)
  • CDTFA-490 (Offer in Compromise Application – CA)
  • CDTFA-490-C (OIC App. for Corps and Bus – CA)
  • DE-1 (Appl. for EIN – CA)
  • DE-1HW (Reg. Emp. HH Wkr. – CA)
  • DE-4 (Emp. W/H Cert. – CA)
  • DE 4P (W/H Cert. for Pension/Annuity – CA)
  • DE-24 (Change of Address – CA)
  • DE-34 (New Employees – CA)
  • DE-48 (Power of Attorney EDD – CA)
  • DE-89 (Emp. of HH Wkr. Elect. – CA)
  • DE 542 (Report of Ind. Contractor(s) – CA)
  • DE 999 (Request for Offer in Compromise – CA)
  • DE 999A (Offer in Compromise Application – CA)
  • DE 999B (Offer in Compromise Financial Statement – CA)
  • DE 999CA (Multi-Agency Form for OIC – CA)
  • DE 999D (Installment Plan Agreement – CA)
  • DE 2251a (Affidavit of Mailing – CA)
  • DR-835 (Power of Attorney and Decl. of Rep. – FL)
  • IL-2848 (Power of Attorney – IL)
  • IL-4506 (Request for Copy of Tax Return – IL)
  • 151 (Power of Attorney Authorization – MI)
  • M-5008-R (Appointment of Taxpayer Representative – NJ)
  • CT-6 (S Corp Election – NY)
  • DTF-4 (OIC, For Liabilities Not Fixed and Final … – NY)
  • DTF-4.1 (OIC Fully Determined Liab., For Fixed … – NY)
  • DTF-14/14.1 (POA – NY)
  • DTF-17 (Sales Tax Appl. – NY)
  • DTF-95 (Business Tax Account Update – NY)
  • DTF-96 (Rep. of Address Change for Bus. – NY)
  • IT-2105-MN (Est. Tax Paymnt. Vch. – NY)
  • NYS-100 (Emp. Reg. for UI, W/H, and Wage Rep. – NY)
  • TR-152 (Request for Copy of Filed Tax Return – NY)
  • TBOR-1 (Declaration of Tax Representative – OH)
  • 150-800-005 (Tax Info Auth and POA for Rep – OR)
  • 01-137 (Limited Power of Attorney – TX)
FINANCIAL CALCULATIONS
  • After-Tax Yield Calculator
  • Retirement Income Planner
  • Investment: Unknown Variable
  • Investment: Inv. Goal (FV of Annuity or Lump Sum)
  • Investment: Regular Deposit Amount (Sinking Fund)
  • Investment: Init. Inv. (PV of a Future Lump Sum)
  • Investment: Length of Inv. (Term of Annuity)
  • Investment: Rate of Return
  • Investment: PV of an Annuity
  • Loan: Payment Amount (Standard Loan Amort.)
  • Loan: Irregular Loan Amortization
  • Loan: After-Tax Loan Refinance Analysis
  • Loan: Biweekly Loan Conversion
  • Loan: Effect of a Lump Sum Payment
  • Loan: Interest Rate
  • Loan: Length of Loan
  • Loan: Principal Amount
  • Loan: Unknown Variable
  • Loan: Comp of Fixed Rate Loan to ARM to Int. Only ARM
  • Loan: Reverse Mortgage Estimator
FREE DOWNLOAD
More Information

Over 1,500 tools

Calculators, worksheets, forms, and flowcharts

Unlimited clients and preparers

  • Saved on your computer or server
  • Automatic and manual backup utilities
  • Restore utility

Get help from real people, real fast

30-day money-back guarantee

Import clients from other software

  • Import from other CFS programs
  • Import from Lacerte
  • Import from Excel and comma-delimited CSV files

Enable optional client password protection

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To get started

  1. Click the Free Download button to the right, then install TaxTools WorkShop.
  2. Launch it. Evaluate its contents in demo mode.
  3. Click Buy next to the toolboxes of your choice, all from within the program.
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