Since the IRS or tax preparation service will ask for your bank statement it just makes sense to use that when preparing your taxes. Tax Tool Express drastically reduces the time needed to sort and organize your bank statement. In just minutes you are categorizing and adding up deductions.
Quickly categorize deductions by simply highlighting them with color. In mere seconds a category can be organized and totaled. With all operations being performed with your computer's mouse this application is extremely User Friendly and stress free.
After a category has been totaled you can select the Tax Form and Line where that deduction will be entered. Selections can be made from fully editable drop-down menus. Once completed, your worksheet can be printed for your records and a template for next year taxes.
Easily include any number of bank entries by selecting them with a mouse click. Then click the "Create Statistical Report" button, name your report and click "OK". A new worksheet will be created with your report name and your selected entries are along shown with their statistics.
View the statistical data of your living expenses. See the percentage of housing, utilities, loans, insurance, etc. used from your total deposits.
Since numbers don't lie, this feature is extremely helpful when analyzing or setting up your annual budget.
Once your bank statement is copied into Tax Tool Express you can search any entry by simply entering its name. All entries with the search name will be returned instantly along with totals & statistics.
The IRS states it takes an average of 24 hours to itemize one's taxes.
By using TAX TOOL EXPRESS tax preparation time is reduced by up to 90%.
System Requirements: Windows 10 and Excel 2007 or later.
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