529 Plans and Tax Reform

The Tax Cuts and Jobs Act of 2017 made a major impact on 529 savings plans that help families save for their children’s educational expenses with tax-advantaged investments. It’s important for you, as a tax preparer, to stay updated on the new rules so you can help your clients enjoy smarter savings and avoid penalties.So, what’s new?Expanded Eligibility:…

Understanding IRS Form 1120 – U.S. Corporation Income Tax Return

If you are preparing a return for a corporation or a business entity that chooses to be taxed as a corporation, you will use Form 1120 to report their income taxes. Almost all U.S. corporations are required to file a Form 1120, whether they have taxable income or not.You will not need to complete Form 1120 if your client is a nonprofit organization that is exempt…

2018 Tax Reform and the Premium Tax Credit

The Tax Cuts and Jobs Act eliminated the tax penalty for not having health insurance beginning January 1, 2019. However, the new law does not affect the federal Premium Tax Credit. If your client obtained healthcare coverage through the Marketplace or a state exchange, they may still be eligible to receive this tax benefit.Changes to the Individual Shared…

Form 8962: Premium Tax Credit and Shared Policy Allocation

The Premium Tax Credit (PTC) is a refundable tax credit intended to help low to moderate income earners offset the cost of their Marketplace health insurance premiums. If your client usedhealthcare.gov or their state’s health insurance exchange to get coverage in a qualified health plan, they may be eligible for this credit. The Premium Tax Credit is refundable,…


PROFESSIONAL TAX SOFTWARE MADE BY TAX PROFESSIONALS

TaxSlayer Pro comes with everything you need to prepare, e-file and transmit your clients' tax returns. Included with every purchase is award winning professional, technical tax support that answers any questions you might have.


Top Rated Software

Top Rated Software

TaxSlayer Pro has been voted #1 by the NATP for overall satisfaction, ease of learning, customer and technical support, and timely state and federal update releases.

EASY TO USE

EASY TO USE

TaxSlayer Pro offers an intuitive workflow, allowing a novice tax preparer to quickly become proficient, yet still provides comprehensive capabilities for more seasoned tax preparers.

HELP WHEN YOU NEED IT

HELP WHEN YOU NEED IT

Our on-site customer support team is ready to help assist you with any technical issue that you may have. Support is available via email or phone (times may vary by tax season).

ALL-INCLUSIVE

ALL-INCLUSIVE

TaxSlayer Pro is an all-inclusive tax software that provides e-file solutions for small to large 1040 tax preparation practices and includes an unlimited 1040 Federal and State e-file solution.