TaxWorks can import a K-1 from any 1041, 1065 or 1120 return into a 1040 return. Reference 1040 line 17 helps for details.
If a Detail Statement has been entered in a field on a return, double click the field or press F6 to open the detail statement.
Useful Keyboard Shortcuts:
F2 – Federal Forms
F3 – Flip
F4 – State Forms
F5 - Asset Manager
F6 – Detail Statements
F7 – Review Return
F8 – Advanced Form Delivery
F9 – Erase/Delete
F12 – Client Selection
Esc – Closes Window
Ctrl + Y – Clears formats to allow any text (example SSN/PTIN)
T – Auto-fills today's date
TaxWorks has an accounting bridge for the most common accounting packages. Information can be imported directly from the accounting package to a client's return.
Print, archive and email a return ALL with one keystroke. Review the return and click the Advance button.
Multiple monitors save valuable time toggling between past and current TaxWorks programs. Try it! You'll love it!
The "Hover" feature allows you to view prior year information and import it directly into the current year's return. Ctrl + W pastes the prior year's entry.
Any return can be archived instantly to ArkWorks. If you're not using ArkWorks, call 1-800-230-2322 to get started.
With TaxWorks you can prepare and e-file multiple state returns for each client. Click the State button on the button bar; click the State button above the forms list. Select additional states from the drop down box or enter the two-letter state code.
Toggle between the input screen and the computed output form using the "Flip" button.
Import information from Excel into a client's return to save re-entry time for Schedule D and other transactions!
TaxWorks Upload and Download features allow you to move client files between multiple offices or peer review situations without leaving your desk!
Access federal and state publications and help files within the program with the F1 key.
TaxWorks' Tax Planner compares up to FIVE different tax scenarios and automatically adjusts for multiple year inflation calculations. If you're not using the TaxPlanner, call 1-800-230-2322 to get started.
TaxWorks lets you customize your invoices and client letters. To do so, select Invoice or Letters from the forms pane.
Pressing Ctrl + R opens a calculator that computes and pastes amounts into fields in the TaxWorks program.
Click the Audits button on the button bar for helpful information for correcting erroneous entries and items you may have overlooked. Audits will quickly link to fields referenced.
TaxWorks Refund Calculator, located on the File pull-down menu, computes and estimates a client's refund in a matter of seconds! Entries can be imported to a client's return.
TaxWorks Asset Manager, with 23 methods of depreciation, lets you customize reports for tracking purposes. From the File menu, select Client Management. Select Reports in the upper left corner. From here, you can customize reports to meet your needs.
View your client's e-file and bank status from the TaxWorks Client Selection screen. Click the EF Status link for real-time status updates.
TaxWorks has tools for planning a child's education costs, retirement and net worth all at no extra cost! Open a client's return and look near the bottom of the form selection pane for these tools.
TaxWorks is capable of calculating the Kiddie Tax. Simply import the parents' information into the child's return with the click of a button.
Conversions from Other Software
TaxWorks converts and integrates returns from software competitors into the TaxWorks program. This can be done online. Visit the Conversions page for detailed instructions.
TaxWorks has an online knowledge base that helps you answer and fix problems efficiently. Select the "Online Knowledge Base" option from the Help menu and start searching for answers today.
Per Unit Processing – Pay As You Go
If you prepare a limited number of returns, save money and pay as you go with the TaxWorks Per Unit Processing (PUP) system. To retrieve PUP codes, click the Pups button; or click the Clients button, then Get Pups.
Married Filing Joint/Separate Comparison
TaxWorks can split a Married Filing Joint return into two separate Married Filing Separate returns with the click of a button. View a worksheet to determine the best solution for your clients. From the General Information Screen, click the Filing Status Section. Then click Generate MFJ vs. MFS Worksheet.
Miscellaneous 1098 and 1099 Forms
TaxWorks includes input screens for Miscellaneous 1098 and 1099 forms.
Our complete security package helps protect sensitive client data. Enable this feature under the Workbench menu and rest assured that your client data will be protected.
TaxWorks can store client files on many removable media devices. If a removable device is detected on your system, TaxWorks will automatically create a path for the drive, allowing you to save and copy files.
Set up the software to automatically upgrade system and state programs. Click the Installations menu and select Configure Automatic Upgrades.
