Name: TaxAct - Tax Preparation Software
Brand: TaxAct
Rating: 4.5 (24266 reviews)

Our products are easy to use and guarantee accuracy

Extended access to your return

With one year of online return access and six years of PDF access, it's easy to print copies and plan for next year.

Answer easy interview questions — let TaxAct do the rest for you

Answer simple, plain-English questions, and TaxAct automatically calculates and enters your data into the appropriate tax forms.

Step-by-step guidance to maximize business deductions

TaxAct walks you through a broad range of business expenses to help you accurately report and maximize your deductions.

Free IRS e-file for fast, accurate return filing and confirmation

E-file for free and get a notification via email or text as soon as the IRS has processed your return.

Fast data entry and import tools

Save time and minimize data entry errors by importing key data from last year’s TaxAct return. Plus, enter data directly into forms or use quick entry methods for M-3, 4562, K-1, and Schedule L information

Automatic partner/shareholder allocation

Your Schedule K-1 items automatically allocate and update as business income, deductions, and credits change. Once complete, Schedule K-1 data can be imported into your 1040 TaxAct return.

Accounting records import

Easily import your Trial Balance Reports in CSV format from accounting software. Once imported, make any necessary adjustments, and TaxAct will transfer to the appropriate lines.

All the support you need

Never get stumped by a tax question. Search for the fastest answers in the Answer Center, or contact us for account and technical support when you need it.

Capital gains summary

Capital gains can be confusing, especially as your portfolio grows, and keeping track of all your transactions can be taxing. TaxAct’s capital gains summary makes comparing your short and long-term brokerage statement to your tax return fast and easy.

Depreciation and disposal summaries

Don't miss any valuable deductions! Easily and quickly review your current, future, and accumulated assets. Depreciation reports include fiscal and short-year calculations.

Reconciliation of income

TaxAct’s list of book to tax differences helps reconcile book income for completing Schedule M-1.

TaxTutor guidance

Get easy-to-follow, expert tax tips and strategies — the biggest money-saving deductions, explanations of complex tax-law changes, and pitfalls to avoid.

TaxAct Alerts

Steer clear of problems. TaxAct Alerts meticulously inspects your return for errors, omissions, and valuable tax-saving opportunities you may have missed.

My Taxes

Get a personalized view of the forms and schedules included in your return. Easily add copies of needed documents and view your in-progress forms.

Prior year comparison report

Finds possible errors resulting from incorrect entries or overlooked information by comparing this year’s return to last year’s data.

Multiple occurrences of supporting forms

TaxAct allows you to enter multiple copies of many forms.

Custom return printing

Print individual forms or multiple copies of your return.

Loan and savings calculators

Effortlessly compute loan payments or the future value of savings deposits, then print amortization and accumulation schedules.

Answer a few questions for your state return — let TaxAct do the rest

As you enter your federal information, TaxAct automatically calculates and enters your data into your state tax forms. Finish and file your state return in minutes!

Editions for all 1120S states

TaxAct supports every state that requires Form 1120S S Corporation income tax returns.

Free e-file for fast, accurate return filing & confirmation

E-file for free and get a notification via email or text as soon as the state has processed your return.

Security is a top priority

We utilize security technology and monitoring processes, and we partner with the IRS to protect your personal information.

100% Accuracy Guarantee

Rest assured, TaxAct guarantees the calculations on your return are 100% correct.

Satisfaction Guarantee

With any TaxAct Online product your satisfaction is 100% guaranteed.

7 years of access to your return

Easily access and print copies of your prior returns for seven years after the filing date.

	Description
Form 1120S	U.S. Income Tax Return for an S Corporation
Form 1120SX	Amended Return Changes Worksheet
Form 1120W	Estimated Tax for Corporations
Form 1125A	Cost of Goods Sold
Form 1125E	Compensation of Officers
Form 2553	Election by a Small Business Corporation
Form 3115	Application for Change in Accounting Method
Form 3468	Investment Credit
Form 4136	Credit for Federal Tax Paid on Fuels
Form 4255	Recapture of Investment Credit
Form 4562	Depreciation and Amortization (Including Information on Listed Property)
Form 4684	Casualties and Thefts
Form 4797	Sales of Business Property
Form 5471	Information Return of U.S. Persons With Respect to Certain Foreign Corporations
Form 5884	Work Opportunity Credit
Form 6252	Installment Sale Income
Form 6478	Biofuel Producers Credit
Form 6765	Credit for Increasing Research Activities
Form 6781	Gains and Losses From Section 1256 Contracts and Straddles
Form 7004	Application for Automatic Extension of Time to File Certain Business Income Tax Information and Other Returns
Form 8050	Direct Deposit of Corporate Tax Refund
Form 8283	Noncash Charitable Contributions
Form 8453S	U.S. S Corporation Income Tax Declaration for an IRS efile Return
Form 8586	Low Income Housing Credit
Form 8594	Asset Acquisition Statement Under Section 1060
Form 8609A	Annual Statement for Low Income Housing Credit
Form 8716	Election to Have a Tax Year Other Than a Required Tax Year
Form 8752	Required Payment or Refund Under Section 7519
Form 8822B	Change of Address or Responsible Party Business
Form 8824	Like Kind Exchanges
Form 8825	Rental Real Estate Income and Expenses of a Partnership or an S Corporation
Form 8826	Disabled Access Credit
Form 8835	Renewable Electricity Refined Coal and Indian Coal Production Credit
Form 8844	Empowerment Zone Employment Credit
Form 8845	Indian Employment Credit
Form 8846	Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips
Form 8881	Credit for Small Employer Pension Plan Startup Costs
Form 8903	Domestic Production Activities Deduction
Form 8910	Alternative Motor Vehicle Credit
Form 8916A	Supplemental Attachment to Schedule M3
Form 8936	Clean Vehicle Credits
Form 8936 Schedule A	Clean Vehicle Credit Amount
Form 8938	Statement of Specified Foreign Financial Assets
Form 8941	Credit for Small Employer Health Insurance Premiums
Form 8949	Sales and Other Dispositions of Capital Assets
Form 8990	Limitation on Business Interest Expense Under Section 163j
Form 8992	U.S. Shareholder Calculation of Global Intangible Low Taxed Income (GILTI)
Form 8992 Schedule A	Schedule of Controlled Foreign Corporation (CFC) Information to Compute Global Intangible Low Taxed Income (GILTI)
Form 8994	Employer Credit for Paid Family and Medical Leave
Form 8997	Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments
Form 965	Inclusion of Deferred Foreign Income Upon Transition to Participation Exemption System
Form 966	Corporate Dissolution or Liquidation
Form 970	Application to Use LIFO Inventory Method
Form 982	Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment)
Schedule B1	Information on Certain Shareholders of an S Corporation
Schedule D	Capital Gains and Losses
Schedule F	Profit or Loss From Farming
Schedule K	Shareholders Pro Rata Share Items
Schedule K1	Shareholders Share of Income Deductions Credits etc.
Schedule M3	Net Income (Loss) Reconciliation for S Corporations With Total Assets of $10 Million or More
Schedule N	Foreign Operations of U.S. Corporations

	Description	State
Form 6000	Alaska Corporate Net Income Tax Return	Alaska
Form 6240	Payment Voucher Corporation Net Income Tax	Alaska
Form 6300	Alaska Incentive Credits Summary	Alaska

TaxAct Business 1120S