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UltimateTW
Program Highlights
Here are some
Highlights of our Program and the System Requirements for the
Tax Program.
Click on the Highlighted text to jump to a section below.
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Flexibility
Instant Error Checking
Automatic Fill-Ins
Color Coding
Real-time Calculations or Delayed Calculations -
It's your choice
Forms-based Data Entry or Straight Data Entry
Networking
K-1 Pass-Throughs
Intelligent Fixed Asset Manager
Customized Forms List
Comprehensive
Diagnostics
Online Help
Built-In Data
Management Reports
Database Features
Security Manager
Conversion Software
Year to Year Summary
W-4 Planner
Custom Client Letters
Automatic Billing
Married Filing Separate / Married Filing Joint
status tax optimizations
System Requirements
Flexibility
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Prepare returns without a mouse by using quick keyboard shortcuts or use
the mouse to take advantage of toolbar buttons.
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"Link" to supporting forms using the QuickLink feature OR open forms
directly from the "Find a Form" screen.
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E-file one return at a time OR multiple returns of all types
together: federal, state, and requests for extensions.
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Create returns without having the SSN or ITIN, add this
information once obtained.
Instant Error Checking
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Keystroke-by-keystroke
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Entry-by-entry
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Entire return
Automatic Fill-Ins
Color Coding — optional color coding identifies information required for
electronic filing
highlighted with red.
You
can't type directly in a calculated entry or delete the
calculated value unless you override the calculation.
Real-time Calculations or Delayed
Calculations - it's your choice
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Calculations are made instantly with every entry.
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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.
Forms-based Data Entry or Straight Data
Entry
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Our on-screen forms are instantly familiar because they are
replicas of the paper IRS forms.
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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.
Networking
K-1 Pass-Throughs
appropriate 1040 return, assuring accuracy while saving time and
keystrokes.
Intelligent Fixed Asset Manager
intelligence
Program automatically selects recommended depreciation methods
based on an asset type
Customized Forms List
the forms list.
"Use Private Forms" enables you to customize the Find a Form
screen to suit your tax practice.
Comprehensive Diagnostics
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.
Online Help
through the forms
Help is just a hotkey away!
Built-In Data
Management Reports
returns and analyze data using spreadsheets and reports you
create with software such as:
Microsoft® Excel
Database Features
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.
Security Manager
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.
Conversion Software
TaxWise. Conversion software is available for most tax packages.
Free of charge.
Year to Year Summary
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.
W-4 Planner
tax and adjusting withholding.
Print a W-4 form your clients may submit to employers to change
withholding status, amounts and exemptions.
Carry Forward of Prior Year Data
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.
Custom Client Letters
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Print a letter containing data from your client's return.
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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.
Automatic Billing — Calculate your fees on the basis of:
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Time working in the return, or
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Number and type of forms and worksheets, or
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Both time and forms.
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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
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.
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