Tax Assistant for Excel is a custom application written for Microsoft
Excel and requires Microsoft Excel 97/2000/XP/2003/2007. It simplifies
your Federal Income Tax preparation by providing Excel workbooks with
IRS approved substitutes of Form 1040 with Schedules A, B, C, C-EZ, D,
D-1, E, L, M, SE, Forms 6251 (AMT), 4952, 6781, and Form 1040A with
Schedules B and L. There are also a number of worksheets related to
deductions and Schedule D including the Social Security Benefits,
Qualified Dividends and Capital Gain Tax, and Child Tax Credit
worksheets.
Your sources of income, deductions, capital gain transactions as well as
partnership and S corporation income are entered on separate
worksheets. The data from these worksheets is then automatically entered
into the correct forms. Tax Assistant for Excel helps you determine
whether to itemize deductions, automatically calculates your tax and
provides a computerized record of your tax filing. The program also
provides an automated Schedule D and D-1 preparation that is especially
helpful for active traders and other taxpayers with a large number of
trades to report. The program allows you to easily enter or copy and
paste your trades into the Capital Gains sheet and print out a Schedule D
attachment as a substitute for preparing multiple Schedule D-1's,
although the program will prepare up to 50 Schedule D-1's (420 in the
professional version).
In addition to the more common income reporting, you can report income
from up to five different businesses, rents, royalties, estates and
trusts, as well as income from partnerships and S corporations.
The forms provided in Tax Assistant for Excel are accurate reproductions
of the actual forms and are approved by the IRS. While the program will
help you with your tax preparation, it does require that you follow
some IRS instructions in order to accurately complete your tax return.
If you do not feel comfortable with this approach, you should purchase
an interview based tax preparation software package or hire a
professional to prepare your tax return. Even if you use other tax
preparation software or a tax professional, Tax Assistant for Excel can
provide IRS approved electronic copies of your tax return in the common
Microsoft Excel file format for long term storage. It can also provide
an easy way to estimate your taxes based on different scenarios.
Publisher Website: - http://www.djicomputer.com/