Tax Tools

Tax preparers charge an average of $246 to prepare an itemized Form 1040 with a Schedule A and a state tax return, according to a survey by the National Society of Accountants.

2nd Story Software, the company that makes TaxAct consumer tax prep software, has introduced a do-it-yourself estate planning software product for drawing up a last will and testament.

Bloomberg has introduced a Tax Practice Center to complement its tax law research service.

IMGCAP(1)]In the first part of this article, we explored using video conferencing in a tax practice; in this article, we'll explore how to actually get started using Skype and other services.

Most tax preparers have heard by now of Skype or one of the similar video-conferencing services -- and some have tried such services, and report success when connecting with long-distance clients --some of whom the preparers have never even met.

Thomson Reuters has introduced a new system to help foreign financial firms comply with the requirements of the Foreign Account Tax Compliance Act.

Seems like a timesaver in tax season: Scan all documents and let software auto-fill information from clients’ forms. Selecting scanners, however, means gambling that a hardware investment will, in fact, pay off, and that can mean carefully examining your client base and information flow.

A new Web site aims to help small business owners and their accountants deal with the increased burdens of Form 1099 filing by preparing and filing the forms online.

CCH has introduced a new tax planning tool to help tax advisors and their clients keep a step ahead of the fiscal cliff negotiations in Congress and the White House.

Tax preparation solution vendor Drake Software is offering a new online tax prep solution, Drake Zero.