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Our 1040 INDIVIDUAL is all about productivity! The system comes equipped with a long list of advanced features and powerful, timesaving functionality to accelerate the individual tax preparation process and increase your firm's productivity levels. Offering intelligent data sharing, true multi-state processing, comprehensive worksheets, and a complete line-up of state programs, our 1040 INDIVIDUAL delivers the power you require to process more returns, in less time, with fewer resources.
Our 1040 INDIVIDUAL provides your firm with:
- All 1040 State Programs.
- Sophisticated Data Sharing—accelerates 1040 processing by pulling data from the system's client database and automatically populating similar fields in your 1040 returns.
- Customizable Client Organizers—help prepare your 1040 clients for tax season and cuts down on organization time for completing client data. Our Client Organizer produces organizer forms that can be customized and sent to each client on paper, via email, or over the Internet.
The web-based client organizer imports data directly, with no re-keying. You can even make it available to your clients from your website for ultimate convenience.
- True Multi-State Processing—provides simultaneous processing in one pass and includes automatic computation of credit for taxes paid to other states. The Multi-state Allocation spreadsheet allows you to allocate by an amount, a percentage of federal amounts, or a combination of both methods.
- The Ability to Transfer Schedules C, E, F, and Farm Rental Balances—enables you to transfer multiple Schedule C's and rentals into one tax return.
- Extensive Passive Activity Capabilities—including 8582, 8582-CR, AMT 8582 aggregations, significant and material participation, and Form 6198 at-risk limitations, when applicable.
- Extensive AMT Calculations—including AMT versions all necessary forms and calculations in both the 1040 and 1120 programs.
Optional Modules
- Oil and Gas Module generates Working Interest Schedule C and Royalty Income Schedule E and computes all applicablle depletion, overhead expenses, and alternative minimum tax adjustments for 1040, 1120, and 1065 returns.
- Stock and Bond Value Database expedites the preparation of intangible returns for your individual, partnership, corporation, and fiduciary clients in the states of Florida and Kentucky.
1040 INDIVIDUAL Features Checklist
1040 INDIVIDUAL FEATURES
- All 1040 states available
- All 1040 amended returns
- All states extension forms
- Built-in Electronic filing
- Built-in Data Mining module
- Ending balances from Write-Up Solution are instantly available
- Asset information from Depreciation Solution is instantly available
- Extensive passive activity worksheets built in
- Filing Status Optimization Utility
- Schedule J Farm Income Averaging Optimization
- Education Expense Optimization
- Tax Projection Worksheet helps estimate tax liabilities for the next tax year
- Two-Year Tax Comparison Report illustrates tax differences from current tax year to previous tax year
1040 INDIVIDUAL OPTIONAL MODULES/ENHANCEMENTS
- Customizable Client Organizer, including electronic version (web-based and email)
- Oil and Gas Module
- Stock and Bond Value Database to expedite preparation of intangible returns in FLorida and Kentucky
1040 INDIVIDUAL WORKSHEETS
- Auto Expense
- Child Tax Credit
- Diagostics
- Earned Income Credit
- Education Expense Allocation
- Excess Social Security and RRTA Tax Withholding
- Exemption Deduction
- Form 1040-ES Estimate
- Form 1045 Itemized Deduction Limitation
- Form 1116 Foreign Tax Credit
- Form 2210 Underpayment of Estimated Tax
- Form 2555 Deductions Allocable to Exclude Income
- Form 2555 Foreign Earned Income Allocation
- Form 4952
- Form 6198 At-Risk Limitation
- Form 6251 Capital Gain and Exemption
- Form 8582 (I-6) Passive Activity Loss Limitation
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- Form 8582-CR Passive Activity Credits
- Form 8615 Capital Gain Tax
- Form 8615 Tax for Children Under 14
- Form 8839 Adoption Credit Limitation and Carryforward
- Home Mortgage Limitation (A)(B)
- Home Office Deduction
- Home Sale
- Investment Income (Regular and AMT)
- IRA Distribution with IRA Contribution
- IRA (Traditional, Roth, and Education)
- Itemized Deduction Limitation
- K-1 Reconciliation
- Keogh, SEP & SIMPLE
- MAGI (for PAL)
- Late Filing Interest and Penalty
- Net Operating Loss (Regular and AMT)
- Pension Taxability
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- Qualified Tuition Plan Contributions
- Qualified Tuition Plan Distributions
- Schedule D Capital Gain Tax and Carryovers
- Schedule J Farm Income Averaging
- Schedule SE Earnings Reconciliation
- SE Health Insurance Deduction
- Standard Deduction
- Student Loan Interest Deduction
- Tax Projection
- Taxable Social Security
- Taxable Social Security with IRA Contributions
- Taxable State and Local Income Tax Refund
- Tuition and Fees Deduction
- Vacation Home
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1040 INDIVIDUAL REPORTS
- Carryover
- Depletion
- Depreciation
- Diagnostics
- Foreign Tax Credit Carryover
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- IRA Distribution
- K-1 Summary
- Pension Distribution
- Preparer Review
- Taxpayer/Spouse Summary
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- Two-Year Comparison
- Wages
- Withholding
- W2-G Gambling
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1040 INDIVIDUAL STATES and LOCAL SOFTWARE
- Alabama
- Alaska
- Arkansas
- California
- California Property Tax
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida (Tangible and Intangible)
- Georgia
- Georgia Property Tax
- Hawaii
- Idaho
- Illinois
- Indiana
- Indiana Property Tax°
- Iowa
- Kansas
- Kentucky
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- Kentucky Cities
- Kentucky Propery Tax
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Michigan Cities
- Michigan SBT
- Michigan Property Tax
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- New York (Includes New York City and Yonkers)
- North Carolina
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- North Dakota
- Ohio
- Ohio Cities
- Ohio Property Tax
- Oklahoma
- Oregon (Includes Multnomah County and Portland City)
- Pennsylvania
- Pennsylvania Cities (Includes Philadelphia, Pittsburgh, and a Generic Pennsylvania City)
- Rhode Island
- South Carolina
- Tennessee
- Texas Property Tax
- Utah
- Vermont
- Virginia
- West Virginia
- Wisconsin
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° New for 2004
1040 INDIVIDUAL FORMS
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1040
1040A
1040ES (NR)
1040ES (OCR-A)
1040-EZ
1040NR
1040NR-EZ
1040-V
1040X
1045
Schedule A-E, EIC, F, H, J, R, SE, C-EZ, D Alt. Min.
843*
982*
1116
1116 Alt. Min.
1310
2106
2106-EZ
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2120*
2210
2210F
2350
2441
2555
2555-EZ
2688
2848
3468*
3520*
3800, Pg. 1
3903
4136
4137
4255*
4506*
4562
4684
4797
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4797 Alt. Min.
4835
4852*
4868
4952
4952 Alt. Min.
4970*
4972
5329
5884
6198
6198 Alt. Min.
6251
6252
6252 Alt. Min.
6478*
6765*
6781
8082*
8271
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8275*
8282*
8283
8332*
8379
8396
8453
8582
8582 Alt. Min.
8582-CR
8586
8594*
8606
8609*
8609, Sch. A*
8611*
8615
8801
8812
8814
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8815
8821
8822*
8824, Pg. 1
8824*, Pg. 2
8826
8828*
8829
8830
8833*
8834*
8835*
8839
8840*
8843*
8844
8845
8846
8853
8857
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8859*
8861
8862*
8863
8867
8873*
8874*
8878
8879
8880
8881
8882
8884*
8885
9465
TD F 90-22.1*
SS-4*
W-4*
W-4P*
W-7P*
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* Non-calculating form
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1040 INDIVIDUAL