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
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
also provide an easy way to estimate your taxes based on
different scenarios.
Download File Size:11.19 MB
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