• Prepare returns without a mouse by using quick keyboard shortcuts or use the mouse to take advantage of toolbar buttons and right-click pop-up menus.
• "Link" to supporting forms using the QuickLink feature OR open forms directly from the "Find a Form" screen.
• Easily adjust the size of on-screen form text
• Open multiple instances of TaxWise, allowing you to view more than one return at a time
• Pre-load the most commonly used forms and preferences so you only have to do it once.
• E-file one return at a time OR multiple returns of all types together: federal, state, and requests for extensions.
• Create returns without having the SSN or ITIN, add this information once obtained.

• Keystroke-by-keystroke
• Entry-by-entry
• Entire return

• ZIP Codes: Enter a ZIP code and TaxWise automatically fills in the city and state.
• EINs: Enter an Employer Identification Number (EIN) once and TaxWise stores that information and automatically completes the name and address every type you enter that EIN.
• "Official" Entries: Drop-down lists show the IRS-acceptable entries where applicable. Type the first letter of the desired entry and TaxWise does the rest.

• Required entries, incomplete forms and incomplete returns are highlighted with red.
• Entries calculated by TaxWise are highlighted with yellow. You can't type directly in a calculated entry or delete the calculated value unless you override the calculation.

• Calculations are made instantly with every entry.
• There are no extra buttons to push, no need to wait for a lengthy "re-calc" process. You enter data only once.
• Data flows automatically from supporting forms to the primary form and from federal forms to state forms.

• Our on-screen forms are instantly familiar because they are replicas of the paper IRS forms.
• It's easy to see what the form will look like when printed and a cinch to teach your staff how to use the program.

K-1 Pass-Throughs

• K-1 data is carried automatically from business returns to the appropriate 1040 return, assuring accuracy while saving time and keystrokes.

Intelligent Fixed Asset Manager

• Easy entry of fixed asset information with built-in tax intelligence
• Program automatically selects recommended depreciation methods based on an asset type
• 19 depreciation methods pre-calculated

• Simplify tax prep by removing seldom or never-used forms from the forms list.
• "Use Private Forms" enables you to customize the Find a Form screen to suit your tax practice.

• SSN verification — You're warned of inconsistency between date of issuance and birth date.
• Warnings of possible inconsistencies in tax information.
• A list of overridden entries.
• Electronic filing errors - The red text is a hyperlink to the form that needs correction.
• A summary of the return, including forms to be filed, AGI, tax, refund or balance due
• Large IRAL communications dialog.

• Context-sensitive help is available for each line as you move through the forms
• Help is just a hotkey away!
• Press F1 for TaxWise program help.
• Press Shift-F1 for IRS instructions.

• There's lots of valuable data built into TaxWise, including:
  • Business codes
  • Amortization codes
  • W2 codes
  • 1099 codes
  • Sales Tax deduction lookup table

• Use one of our standard reports or create your own.
• Our open database compliant (ODBC) format allows you to track returns and analyze data using spreadsheets and reports you create with software such as:
  • Crystal Reports™
  • Microsoft^® Access
  • Microsoft^® Excel

• Track Return Status —You can quickly check the status of any return without leaving the return you are currently working on.
• Automatic Updates — Your database is updated every time you connect to our Electronic Filing Center.
• ODBC Compliant — Database information can be used directly by database, spreadsheet, and report writing applications.

• Restrict access to critical tasks such as transmitting returns and check printing with Security Manager.
• Control which actions each person in your office can perform including the restriction of pricing sheet editing.
• In addition, each preparer's returns can be password-protected for security. The administrator has access to all passwords in case a password is forgotten.

• Don't worry about losing all your client data when you switch to TaxWise. Conversion software is available for most tax packages.
• Click here for a list of available software conversions.

• Estimate a client's tax liability or refund amount.
• Process RAL clients with simple returns.
• No need to re-key basic data because it carries to TaxWise 1040 from the Estimator.

• Compiles data from the client's current return and two previous returns for comparison.
• Includes gross income, AGI, itemized deductions (with comparison to national averages), exemptions, credits, tax paid and refunds.
• A 'get organized' tool for your client and a direct-mail promotion for your tax office.

• Help your clients avoid a balance due by estimating next year's tax and adjusting withholding.
• Print a W-4 form your clients may submit to employers to change withholding status, amounts and exemptions.

• Copy relevant client data from last year's return into the current return, saving time and keystrokes.
• Bring forward taxpayer name, address, dependents, Depreciation Worksheets, capital loss carryovers, and other amounts.
• Tax form defaults can also be carried forward from year to year so you don't have to re-type information such as your name, firm name, address, and phone.

• Print a letter containing data from your client's return.
• Choose a standard letter from the templates provided, or customize the text and create your own template.
• Create custom organizers to mail to clients prior to the tax season. Or convert the organizer to a PDF file and e-mail it to the client.

• Time working in the return, or
• Number and type of forms and worksheets, or
• Both time and forms.
• Easily adjust the amount billed by a dollar amount or percentage of the total.
• Print the invoice with the return

"What if" Mode

• Test any number of hypothetical tax scenarios for your clients.
• Save test scenarios for future reference or replace data in the current return with the new information.
• Useful as a planning and advisory tool for clients who can accelerate and delay income, deductions or capital expenditures.

Married Filing Separate / Married Filing Joint status tax optimization

• For married taxpayers, TaxWise computes federal tax liability using both joint and separate filing statuses.
• The filing status scenario with the lowest tax is presented.
• Preparers have the option to automatically generate separate tax returns for each spouse, as desired.

Other features:

• TaxWise supports the preparation of the Partnership Income Tax Return (Form 480.10) and Corporation Income Tax Return (Form 480.20) in both English and Spanish formats.
• TaxWise supports electronic filing for the Minnesota M1PR form for property taxes.
• As part of the IRS Modernized e-file program, electronically files Forms 1120, 1120S, and 1065 can be transmitted with certain PDF attachments. This option is available for Alabama, Georgia, and Kansas returns.