Tax Preparation Software

Tax Preparation Software means:
a set of programs telling the computer how to calculate the regular income tax, the total estate tax, the alternative minimum tax, the corporate tax liability, and other taxes. Computer software designed to complete tax returns. Different tax preparation packages can calculate different bottom lines for the same taxpayer. For example, The CPA Software News discovered that the top 20 packages calculated 20 different amounts for total tax due for one taxpayer, ranging from $2,730 to $5,669, in 1993. Tax software will print forms suitable for filing, and some packages will file electronically.

State Income Tax

See Corporate Tax in the U.S. Legal Encyclopedia and Corporate Tax in the International Legal Encyclopedia.

Description and Definition of Tax Preparation Software

Software designed to help you prepare your taxes on a computer. The software works with e-filing and lets you file quickly and accurately. Another, easier option, is to file your tax return online at this web site.

Resources

See Also

Further Reading

• Tax Preparation Software in the West's Tax Law Dictionary
• Tax Preparation Software in “A Dictionary of Taxation”