Tax prep software

Bloomberg Tax & Accounting has improved the product to help multistate businesses with net operating losses across multiple states.

Anduin provides its billing solution to BDO firms, and TaxDome software updates improve e-sig capabilities.

The service plans to offer online Tax Pro Accounts in the third quarter of this year, on a timeline accelerated by the pandemic.

The Internal Revenue Service has changed the calculation for determining the $10,200 exclusion on unemployment benefits in the new pandemic relief package, allowing more taxpayers to qualify, but forcing tax software developers to update their programs.

PricewaterhouseCoopers is turning some of the digital tools it developed internally to train its staff into artificial intelligence products its clients can use in their finance departments.

Taxpayers who file through TurboTax can now opt to open a Credit Karma Money Spend account and have their tax refund sent there directly.

Cloud tax tech is imperative this year, with many preparers continuing to work in a remote setting due to the ongoing coronavirus pandemic.

TaxDome brings practice management, e-signature, secure file storage and more to TaxAct's tax prep software.

Major providers will offer an option for MFA, and the IRS strongly encourages users to take advantage of this added security measure.