New Program enhancements, etc

[kcjenkins]

Here are some of the enhancements made to the functionality of your 2007 ATX software:

• Printing Sorted Labels, Client Lists, Extensions, Organizers, and Returns – We expanded our printing options to give you greater flexibility sorting each of these items when printed. You can sort by client number, city, state, ZIP, the current Return Manager order, and more!

• Error Check Renamed Check Return – We renamed our familiar Error Check feature to Check Return, as we expanded it to make it even more useful, identifying fields that contain estimated values, overridden amounts, or notes. Just click any item in the Check Return list to jump right to that field, where you can edit it as needed. You can also print reports for each type of field.

• Updating Government Instructions – You can now update the government instructions for all of your forms right from within the program.

• Saving Update Manager Preferences – You can now customize your updating experience—just make a few choices the first time you update, and then you can update your program and forms exactly the way you want, faster than ever!

• Client Letter Wizard – We have made several enhancements to our Client Letter Wizard, including options to check whether the return will be e-filed and whether you want to use the default due date or an alternate one.

• Product Integration – We have increased the product integration options for your office, as we now offer several exciting new programs—including Scan&Fill, Fixed Asset Manager, and Document Manager—with which you can export and import data.

• ATX University – We created this Web-based self-study system as a powerful tool for you to train your staff to make the most of our software.

Form Enhancements

Here are some of the enhancements we made to commonly used forms in your 2007 ATX software:

• Signing Amended Forms – You can now print the preparer signature on amended forms that allow it.

• Client Letters – We updated our federal and state client letters to include Form 1040 and 1041 amended returns. Also, state client letters are now available for state payroll forms.

• Clergy Worksheets – We created new clergy worksheets based off of IRS publications. These worksheets are fully integrated with Form 2106 and Schedules C/C-EZ and SE.

• Enhanced SEP Calculations – We added the ability to calculate SIMPLE and defined-benefit self-employed retirement plans to the line 28 worksheet for Form 1040.

• 1099 Interest and Dividend Input Worksheets – We expanded the Interest and Dividend summaries. The interest worksheet now includes additional information for state-associated tax-exempt interest.

• Carryover Summary Worksheet – We added an informational worksheet for Form 1040, 1041 and 1120 tax returns, which provides certain carryover details for the following tax year.

• 990 Series Forms – We added expandable worksheets and explanation fields to accommodate significantly more data input than in the past. Forms 990, 990PF and 990EZ now offer the full functionality required for e-filing.

• Schedule K-1 Viewer – We enhanced the on-screen navigation for viewing federal and state Schedule K-1s based on the partner, shareholder, or beneficiary name.

• Schedule D for Forms 1065 and 1120S – You can now enter Alternative Minimum Tax adjustments for capital gain transactions in Form 1065 and 1120S returns on Schedule D and have the amounts transfer to Schedule K. You can also now designate capital sales as non-portfolio sales.

• Form 2220 – You can now enter multiple payments for each quarter on federal Form 2220. For state underpayment forms, we added the ability to roll over prior-year information and more easily calculate underpayment penalties and interest for fiscal-year filers.

• Ohio City Product – We created a new worksheet that allows the Ohio resident city return to automatically calculate the credit of taxes paid to other Ohio cities.

• Asset Entry Form – We made several enhancements to our Asset Entry Form, including:

• Linking of casualty and theft transactions to Form 4684.

• Linking from Forms 6252 and 4797 to their state equivalents.

• Linking of disposition of principal residence information Form 4797 and Schedule D.

• Automatic application of the Mid-quarter convention when warranted.

• Added calculation of post-recovery calculations.

• Ability to change the business use percentage for each year in an asset’s history.

• Integration of information from our Fixed Asset Manager program.

[TAXBILLY]

KC:

Looks like ATX has been busy!!

taxbilly

[kcjenkins]

Yes, I expect some of the improvements will take away a lot of the bad taste that the 'system' changes left us. I know some of the new worksheets will come in handy in my practice.