Welcome Guest. Register Now!  


CPA Forums CPA related topics.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 10-26-2015, 11:43 PM
Junior Member
 
Join Date: Oct 2015
Posts: 6
Best tax software

Dear All

I have several questions:

1) Which is the best tax software for 1040 and business returns? This should be easy to use and should be comprehensive including tax forms/updates etc? Should have help/research feature etc.

2) EFIN- is this assigned to a company. If for some reason, EFIN is not received on time, what options does the preparer have other than filing paper returns. I got to know that processing times may be long.

3) Which is best tax software for tax planning.

4) Which tax courses are the best/low cost to refresh tax updates. This should include practical tax return examples and preparation.

Thanks



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 10-27-2015, 06:15 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
1) Which is the best tax software for 1040 and business returns? This should be easy to use and should be comprehensive including tax forms/updates etc? Should have help/research feature etc.===> I guess it is hard to tell; it depends; There's a wide range of software to choose from for preparing a personal income tax return in the US. Tax software programs vary in features, price, whether they are downloaded to the desktop or accessed through a Web site.

2) EFIN- is this assigned to a company. If for some reason, EFIN is not received on time, what options does the preparer have other than filing paper returns. I got to know that processing times may be long.=====> You cannot efile without an EFIN. no override to allow you to e-file a tax return within the tax program without an EFIN. However, if you have another Firm or ERO that can e-file the tax return for you than this section can be used to e-file the tax return. For some state returns, you may still efile without your EFIN; for example,
The state of Massachusetts will allow a fake EFIN to be entered on the return. The fake EFIN allowed is 999999, the fake EFIN must be added to your record.


3) Which is best tax software for tax planning.=> As said it depends.

4) Which tax courses are the best/low cost to refresh tax updates. This should include practical tax return examples and preparation.====> the IRS does not offer any income tax law training to non IRS EEs; perhaps
The tax return service franchises, i.e., Jackson Hewitt , H&R block, or Liberty tax basic class can be good( more practical than tax courses offered by colleges/community colleges or etc), but I think they changed it so that if you take the class you sign a contract stating that you will not prepare taxes for anyone but H&R block, or Liberty or etc



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #3 (permalink)  
Old 10-27-2015, 09:44 AM
Junior Member
 
Join Date: Oct 2015
Posts: 6
Tax Software

Hi All

Wnhough : Thanks so much for your response to my questions.


Drake, Proseries and Ultra tax seem to be the popular ones. Which of these are recommended based on practical experience. This includes customer support and robust setup to ensure there is accuracy.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #4 (permalink)  
Old 10-27-2015, 10:01 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by newbee2015 View Post
Hi All

Wnhough : Thanks so much for your response to my questions.


Drake, Proseries and Ultra tax seem to be the popular ones. Which of these are recommended based on practical experience. This includes customer support and robust setup to ensure there is accuracy.
Correct; i used drake before an d now am using proseries, both basic and pro;in my opinion, many tax professinals use either Drake or proderies, professinal version. I guess they are NOT bad very cool. In my opinion, you can choose either proseries or drake.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
EFIN if you have a Tax Software justr8hr Filing Requirements 3 02-20-2014 01:31 PM
Software Licenses Cathie Depreciation 1 02-09-2011 01:45 AM
Bonus depreciation on software shaui Depreciation 1 03-24-2008 02:10 PM
payroll tax software shaui Miscellaneous 1 03-11-2008 02:22 PM
What is the best Tax software available for a small business? Sabby Miscellaneous 2 11-25-2007 04:36 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.