Using SmartExtractTM (Beta) Powered by Drake Software, you can upload your client’s supported tax documents and import extracted tax data directly into a tax return. This helps streamline data entry by importing information from supported tax forms. This feature uses AI-assisted extraction to help reduce manual data entry from supported tax forms. SmartExtractTM (Beta) is […]
When you import a prior-year return, all of the applicable information is carried forward to your current year return. To change your filing status from “Married Filing Joint” to “Head of Household” after importing, you will need to remove any spousal information from your return. If you want to remove certain information, you will have […]
Reporting income from Form W-2 is simple in TaxAct. In the TaxAct program, you can import, add, review/edit, and delete multiple copies of Form W-2. To add multiple copies of Form W-2, see Form W-2 – Filing Multiple Copies for instructions. Adding To add a Form W-2 in TaxAct: Desktop From within the TaxAct return, […]
Switching to TaxAct Professional Editions is EASY! With our Data Conversion feature, you can directly convert prior year individual (1040) returns prepared by the following: Intuit ProSeries (Professional & Basic) TaxSlayer Pro TaxWise You can also create PDFs of prior year individual (1040) returns by importing data from returns prepared by the following: […]
In your TaxAct Professional Edition program, you can import a prior year return when you create a new return or after you create a return. If you have already created a return, you can use either import method. If you are importing when creating a new return, you need to start on the Client Manager […]
To add state(s) to each new or imported client return in your TaxAct Professional program: From within your TaxAct Professional Edition program, click Preparer in the upper menu bar, then click Preferences. Click Miscellaneous, scroll down to the Miscellaneous section, then click the Checkbox next to Automatically attach selected states with new or imported returns. Click Select States, then […]
