FeaturesGeneral UtilitiesFlowchartsFederal FormsState FormsFinancial Calculations
CFS TaxTools ™ is the most widely used program of its kind in the tax profession!
Released in January of each year
Features:
- Worksheets print with the client's name and your firm name in a professional quality
format. Include them as attachments to the tax return or present to the client with
an invoice, which can also be generated by TaxTools.
- Hundreds of tax forms included (many not found in tax preparation software), such
as SS-4, Power of Attorney and Offer in Compromise.
- Client information is mapped directly onto the form. Multiple versions of a form
may be saved for a client. Forms print exactly as they appear on screen. Most forms
can be e-mailed as a PDF.
- Handy financial calculators, including Mutual Fund Average Cost Basis and several
Loan and Investment modules.
- Flowcharts allow you to answer a series of questions to determine filing status,
inherited IRA options, whether the taxpayer falls under the "Kiddie Tax" rules,
etc. Update from the internet when forms or laws change.
- Data backup and restore. Save clients to any type of storage device and easily retrieve
them with a few clicks.
- Client and preparer database. Add an unlimited number of clients, employees, and
preparers. Easily manage them with our intuitive interface.
- Tutorial & context sensitive help. Watch a movie with step-by-step instructions
on how to use various parts of the program. Or, get help on-the-fly as you use each
module.
- Federal/State Planner and over 300 modules, including:
78 General Utilities
38 Flowcharts
141 Fill-in Forms
24 Retirement Calculations
23 Financial Calculations
- Imports clients from a variety of formats:
Lacerte ®
TaxWorks ™
ProSystem fx ™
CFS programs
ASCII files
- Federal/State Tax Planner -
Comprehensive 5-year or 5-scenario tax planner can be used to do tax calculations
or do projections based on "what-if" scenarios. Includes:
AMT
SE Tax
Phase-outs
EIC
Child Tax Credit
Dependent Care Credit
- Save valuable time during tax season and throughout the year with easy-to-use modules,
such as:
Minimum IRA Distribution
Estate Tax Calculator
Tax Deferred Exchanges
Auto Lease Inclusion Amount...and more!
Flowcharts:
- Child: Uniform Definition of a 'Qualifying Child'
- Child Care Credit - Who Qualifies (2)
- Children's Income on Parents Return
- Commuting and Travel Expenses
- Credit for the Elderly or Disabled
- Dependency Exemption
- Earned Income Credit (2)
- Educational Expenses
- Employee Business Expenses
- Estimated Taxes
- Filing Status
- Foreign Earned Income Exclusion
- IRAs Deductible
- IRAs Inherited (2)
- Kiddie Tax
- Like-Kind Exchanges
- Material Participation Rules
- Meal & Entertainment Expenses
- Mortgage Interest - Deductible
- Moving Expenses
- New EIN: when does an entity need one?
- Office in Home
- Payroll taxes for family members
- Payroll Deposits
- Points - Deductible
- Real Estate Professional
- Resident or Nonresident Alien
- Student Loan Interest Deduction
- Support Test
- Vacation Home Rules
- U.S. Savings Bond Interest
- W-4 Withholding
Federal Forms:
- 56 (Notice Concerning Fid. Relationship)
- 211 (App. for Reward for Original Info.)
- 433-A (Collection Info. for Individuals)
- 433-B (Collection Info. for Businesses)
- 433-D (Installment Agreement)
- 433-F (Collection Info. Statement)
- 656 (Offer In Compromise)
- 656-L (OIC, Doubt as to Liability)
- 656-PPV (OIC - Periodic Payment Voucher)
- 843 (Claim for Refund/Abatement)
- 907 (Agreement to Extend the Time to Bring Suit)
- 911 (App. for Taxpayer Assistance)
- 952 (Consent To Ext. Period of Limit. on Assess... )
- 966 (Corp. Dissolution or Liquidation)
- 982 (Reduction of Tax Attributes)
- 1040-ES (Est. Tax for Individuals)
- 1041-ES (Est. Tax for Fiduciaries)
- 1045 (Net Operating Loss)
- 1120-H (Return for Homeowners Assoc.)
- 1139 (Corp. Appl. for Tentative Refund)
- 1310 (Refund for Deceased Taxpayer)
- 2553 (S Corporation Election)
- 2848 (Power of Attorney)
- Power of Attorney-Rep. Statement of Withdrawal
- Power of Attorney-Taxpayer Statement of Revocation
- 3115 (Change in Accounting Method)
- 3911 (Statement Regarding Refund)
- 4506 (Request for Copy of Tax Return)
- 4506T (Request for Transcript of Tax Return)
- 4506T-EZ (Short Form Request for Ind. Transcript)
- 4768 (Appl. Ext. Time to File a Return)
- 4810 (Request for Prompt Assessment)
- 4852 (Substitute W-2 Generator)
- 4868 (Automatic Extension)
- 5213 (Elect. to Postpone Det. for Profit)
- 5500-EZ (Ann. Ret. of One-Part. Retirement Plan)
- 5558 (Ext. to File Emp. Plan Return)
- 7004 (Corporate Extension)
- 8275 (IRS Disclosure Statement)
- 8300 (Rpt. of Cash Payments >$10,000)
- 8332 (Rel. of Claim to Exemp. for Child)
- 8379 (Injured Spouse & Claim Allocation)
- 8594 (Asset Acquisition Stmt. Sec.1060)
- 8633 (Application for Electronic Filing)
- 8716 (Election for TY other than Req. TY)
- 8809 (Extension of Time to File Info. Ret.)
- 8821 (Tax Information Authorization)
- 8822 (Change of Address)
- 8857 (Req. for Innocent Spouse Relief)
- 8867 (Paid Preparer's EIC Checklist)
- 8868 (App. for Ext. To File Exempt Org. Ret.
- 8919 (Uncollected SS and Medicare Tax on Wages)
- 9423 (Collection Appeal Request)
- 9465 (Installment Agreement Request)
- 12153 (Req. for a Coll. Due Process Hearing)
- 12203 (Request for Appeals Review)
- 12507 (Innocent Spouse Statement)
- 12508 (Questionnaire for Non-Requesting Spouse)
- 12509 (Statement of Disagreement)
- 13711 (Req. for Appeal of Offer in Comp.)
- 13844 (App. for Red. User Fee For Inst. Agree.)
- I-9 (Employment Eligibility Verification)
- SS-4 (Application for EIN)
- SS-5 (Application for SSC)
- SS-8 (Determination of Worker Status)
- TD F 90-22.1 (Report of Foreign Bank)
- W-4 (Emp. Withholding Allowance Cert.)
- W-4P (Withholding Cert. Pension/Annuity)
- W-4V (Voluntary Withholding Request)
- W-7 (App. for Taxpayer ID Number)
- W-9 (Request for Taxpayer ID Number)
- W-10 (Dependent Care ID & Cert.)
- W-12 (IRS Paid Preparer Tax ID No. (PTIN) App.)
State Forms:
- 100-ES (Corp. Est. Tax - CA)
- 540-ES (Est. Tax Ind. - CA)
- 541-ES (Est. Tax Fid. - CA)
- 593-E (Real Estate W/H - Comp. of Est. G/L - CA)
- 743 (Online Account View Access Auth. - CA)
- 911 (Req. for Relief from Hardship - CA)
- 3516 (Req. Copy - CA)
- 3519 (Automatic Ext. - CA)
- 3520 (FTB POA - CA)
- 3522 (Limited Liability Tax Voucher - CA)
- 3525 (Substitute W-2 - CA)
- 3533 (Change of Address - CA)
- 3536 (Estimated Fee for LLCs - CA)
- 3539 (Corp. Ext. Filer - CA)
- 3561 (Collection Info - CA)
- 3563 (Auto. Ext. for Fiduciaries - CA)
- 3567 (Installment Agreement Req. - CA)
- 4905BE (Offer in Compromise - Business Entity - CA)
- 4905PIT (Offer in Compromise - CA)
- 8454 (E-file Opt-Out Record - CA)
- 8633 (App. to Part. in the e-file Program - CA)
- BOE-392 (POA - CA)
- BOE-401-DS (Use Tax Return - CA)
- BOE-490 (Offer in Compromise Application - CA)
- BOE-490-C (OIC App. for Corps and Bus - CA)
- DE-1 (Appl. for EIN - CA)
- DE-1HW (Reg. Emp. HH Wkr. - CA)
- DE-4 (Emp. W/H Cert. - CA)
- DE 4P (W/H Cert. for Pension/Annuity - CA)
- DE-24 (Change of Address - CA)
- DE-34 (New Employees - CA)
- DE-48 (Power of Attorney EDD - CA)
- DE-89 (Emp. of HH Wkr. Elect. - CA)
- DE 542 (Report of Ind. Contractor(s) - CA)
- DE 999 (Request for Offer in Compromise - CA)
- DE 999A (Offer in Compromise Application - CA)
- DE 999B (Offer in Compromise Financial Statement - CA)
- DE 999CA (Multi-Agency Form for OIC - CA)
- DE 999D (Installment Plan Agreement - CA)
- DE 2251a (Affidavit of Mailing - CA)
- DR-835 (Power of Attorney and Decl. of Rep. - FL)
- IL-2848 (Power of Attorney - IL)
- IL-4506 (Request for Copy of Tax Return - IL)
- 151 (Power of Attorney Authorization - MI)
- M-5008-R (Appointment of Taxpayer Representative - NJ)
- CT-6 (S Corp Election - NY)
- DTF-4 (OIC, For Liabilities Not Fixed and Final ... - NY)
- DTF-4.1 (OIC Fully Determined Liab., For Fixed ... - NY)
- DTF-14/14.1 (POA - NY)
- DTF-17 (Sales Tax Appl. - NY)
- DTF-95 (Business Tax Account Update - NY)
- DTF-96 (Rep. of Address Change for Bus. - NY)
- IT-2105-MN (Est. Tax Paymnt. Vch. - NY)
- NYS-100 (Emp. Reg. for UI, W/H, and Wage Rep. - NY)
- TR-152 (Request for Copy of Filed Tax Return - NY)
- TBOR-1 (Declaration of Tax Representative - OH)
- 150-800-005 (Tax Info Auth and POA for Rep - OR)
- 01-137 (Limited Power of Attorney - TX)
Financial Calculations:
- After-Tax Yield Calculator
- Retirement Income Planner
- Investment: Unknown Variable
- Investment: Inv. Goal (FV of Annuity or Lump Sum)
- Investment: Regular Deposit Amount (Sinking Fund)
- Investment: Init. Inv. (PV of a Future Lump Sum)
- Investment: Length of Inv. (Term of Annuity)
- Investment: Rate of Return
- Investment: PV of an Annuity
- Loan: Payment Amount (Standard Loan Amort.)
- Loan: Irregular Loan Amortization
- Loan: After-Tax Loan Refinance Analysis
- Loan: Biweekly Loan Conversion
- Loan: Effect of a Lump Sum Payment
- Loan: Interest Rate
- Loan: Length of Loan
- Loan: Principal Amount
- Loan: Unknown Variable
- Loan: Comp of Fixed Rate Loan to ARM to Int. Only ARM
- Loan: Reverse Mortgage Estimator