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
- 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
- Federal/State Planner and over 300 modules, including:
78 General Utilities
141 Fill-in Forms
24 Retirement Calculations
23 Financial Calculations
- Imports clients from a variety of formats:
ProSystem fx ™
- 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:
Child Tax Credit
Dependent Care Credit
- Save valuable time during tax season and throughout the year with easy-to-use modules,
Minimum IRA Distribution
Estate Tax Calculator
Tax Deferred Exchanges
Auto Lease Inclusion Amount...and more!