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TaxTools Pro

Name: TaxTools Pro
Price: 234.00 USD

4.4

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TaxTools Pro Features

Tax Preparation & Filing

Federal & State Tax Filing Preparation and electronic submission of federal and state tax returns.
Automated Form Filling Auto-population of tax forms using imported data to minimize manual entry.
Multi-Year Filing Capability to file returns for multiple tax years, including prior periods.
Real-Time Calculations Instant updates on tax liabilities or refunds as data is entered.
Return Preview & Validation Review and validation of tax returns before submission to check for errors or omissions.
e-File Support Direct electronic submission to tax authorities.
Tax Extension Filing Assistance in filing for extensions when additional time is required.
Direct Deposit Options for direct deposit of tax refunds into bank accounts.

Income & Deductions Management

W-2 & 1099 Import Importation of income data from W-2 and 1099 forms.
Self-Employment Support Management of income and expenses for freelancers and independent contractors.
Investment & Capital Gains Reporting Calculation of taxes on investment income, including stocks and bonds.
Retirement Income & Contributions Handling of taxation on retirement income and contributions to retirement accounts.
Rental Income Management Handling of income and deductions related to rental properties.
Charitable Contributions Tracking and application of deductions for eligible charitable donations.
Medical & Educational Expenses Management of deductions related to medical costs and educational expenses.
Dependent Credits Calculation of credits and deductions for dependents.

Compliance & Audit Support

Automatic Updates Incorporation of the latest tax law changes automatically.
Tax Law Compliance Ensuring adherence to current federal and state tax regulations.
Error Checking Identification of errors with accuracy guarantees.
Self-Employed & Gig Worker Compliance Ensuring proper reporting for self-employed individuals and gig workers.
Audit Risk Assessment Evaluation of the likelihood of an audit based on return data.
Audit Assistance Provision of support and guidance in the event of an audit.
ID Validation Verification of taxpayer identification numbers.
Nonprofit Support Features tailored for non-profit organizations.
Franchise Tax Compliance Assistance with state franchise tax requirements.

Business & Enterprise Features

Business Tax Filing Preparation and filing for various business structures (C-Corp, S-Corp, LLC, Partnerships).
Payroll Tax Management Calculation and reporting of payroll taxes.
Sales Tax Management Calculation and tracking of sales and use taxes.
Multi-State Support Handling of tax filings for businesses operating in multiple states.
International Reporting Management of reporting requirements for international transactions.
Nexus Management Identification of tax obligations based on business presence in various jurisdictions.
Asset Depreciation Calculation of asset depreciation and tracking of fixed assets.

Integration & Automation

Third Party Integration Connections with additional third-party applications for extended functionality.
Accounting Software Integration Seamless integration with accounting platforms like QuickBooks.
Financial Data Import Importation of financial data directly from banks and brokerage firms.
E-Signature Integration Support for electronic signatures on tax documents.
Estimated Tax Automation Calculation and scheduling of estimated tax payments.
API Integration Customization and integration capabilities with other software systems.

Security & Data Protection

Data Backup Automatic backups and data recovery options.
Data Encryption Protection of sensitive information through encryption.
Two-Factor Authentication (2FA) Enhanced security with an additional verification step.
Fraud Protection Implementation of multiple measures to prevent fraudulent activities.
IRS Security Standards Compliance with IRS regulations for secure electronic filing.
Role-Based Access Control (RBAC) Role-based access to prevent unauthorized modifications.
GDPR and CCPA Compliance Adherence to data protection laws like GDPR and CCPA.

Analytics & Reporting

Customizable Reports Generation and export of detailed tax reports tailored to specific needs.
Tax Planning & Forecasting Provision of future tax projections to assist in planning.
Cryptocurrency Reporting Calculation of taxes on cryptocurrency transactions.

Brand Name	CFS Tax Software
Information	CFS Tax Software, Inc. is a leading developer of tax utility software for tax professionals. Each year, over 30,000 tax and accounting firms across the United States trust CFS for affordable, high-quality, and reliable software.
Founded Year	1989
Director/Founders	CFS Tax Software, Inc.
Company Size	1-100 Employees
Other Products	LivePayroll