CPA Practice Advisor - 15

PRO TAX PREPARATION SYSTEMS: REVIEW
Estate & Gift Tax 709 Preparer from Bloomberg Tax
return, and the Import Spouse's Split Gifts feature allows
users to import split gifts from a spouse's 709 Preparer tax
return into the taxpayer's return. Spouse returns can also
be imported directly into the product as well.
709 Preparer uses a Smart Data Entry system that
allows users to easily navigate through the form entry
process, with users needing to enter data only once.
Users are also alerted to missing or erroneous data through
diagnostic messages, and on-screen sticky notes makes it

Read the full review for this product online at: www.CPAPracticeAdvisor.com/21081506

Taxfyle
https://taxfyle.com/
Taxfyle is designed for both consumers and accounting
firms; connecting consumers with tax professionals who
will prepare and file their taxes on demand. Taxfyle is an
excellent alternative to do-it-yourself tax applications
that put the preparation burden on the taxpayer alone by
combining on-demand tax preparation capability with experienced tax practitioners to create a unique application.

Consumers interested in using Taxfyle simply answer a
series of questions. Once the questions are answered, the
customer receives a quote for the tax preparation services.
Taxfyle will also match customers with a tax professional.
Once that match has been facilitated, customers then begin
the process of sending the required documents needed in
order to prepare the return. Once the return is completed,
customers can sign the return using their mobile device,
which allows the tax professional to then file the return.

But perhaps the biggest advantage that Taxfyle
offers is reserved for CPA firms, particularly firms that
find themselves frequently overwhelmed during the tax
season. Here are just a few of the challenges that many
firms find themselves dealing with during the tax season:
■■ Finding and retaining qualified staff
■■ Maintaining a fair workload/overworked staff
■■ Dealing with new clients while continuing to keep current
clients happy
■■ Ensuring that new staff are keeping up with tax changes

RELATED APPLICATIONS

https://www.bloombergtaxtech.com
Estate and Gift Tax 709 Preparer from Bloomberg Tax
automates the preparation of IRS Form 709, while also supporting IRS forms including Form 56, 712, 2350, 4868, 8821,
8822, 8275, 8275-R, and 8892. 709 Preparer automatically
performs form computations, ensuring that all calculation
totals are carried to the correct place. The product allows
users to move gifts from one part of Schedule A, automatically import data from a prior year Form 709 into the current

easy to enter custom data or notes on-screen. A custom
attachment feature is also included in the application, so
users can attach documents and notes to any form for
future reference.
Other calculations that are performed by 709 Preparer include Annual Exclusion for each gift and Support
for Donees, which also provides form preparers with a
worksheet that includes a drop-down list that can easily
retrieve and apply donee information for entries and will
also total amounts and annual exclusions for each donee.

Read the full review for this product online at: www.CPAPracticeAdvisor.com/21081512

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15
https://www.bloombergtaxtech.com http://www.CPAPracticeAdvisor.com/21081506 https://www.taxfyle.com/ http://www.CPAPracticeAdvisor.com/21081512 http://www.ensuringsuccess.com http://www.CPAPracticeAdvisor.com
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