Is TaxWise Good?

[Super Mom]

Thanks!

If I go with Taxwise I'll be sure to check my depreciation and amortization figures. THANKS!

[Roberts]

TaxWise's largest customer is the IRS, and you know the simple returns that the IRS will do for free, low income, few forms/schedules. So, if that's your clientele and the type of clients you expect to attract in the future, give TaxWise a try. If you expect more complex returns, you might want to keep evaluating other software.

Do the other software programs allow you to do simple returns or are they limited to just handling complex returns?

Sorry but your post is as silly of a statement.

[taxxcpa]

Simple returns

Do the other software programs allow you to do simple returns or are they limited to just handling complex returns?

Sorry but your post is as silly of a statement.

Obviously no software could do complex returns if it was unable to do simple ones.
As far as I know, all programs do both in most cases. There are a few things that some programs don't handle, but very few. The main difference is how easy it is to use the program. I use Drake and it is not easy to learn where to find everything in order to enter it, but it has never been unable to do anything except when I tried to request a waiver for failure to make an RMD, I could not e-file it and had to submit it on paper.

[Lion]

Variety

Sorry if my writing is silly. I'm better with numbers!

Some software handles simple returns well but has gaps for more complex issues. Some software handles a larger range of tax issues, which would range from the simple to the complex. I don't urge preparers to buy more power than they need. However, for those who have a variety of returns or expect to attract more complex returns than they currently prepare or who expect their current returns to become more complex over time as their clients' financial lives become more complex, it might make sense to purchase software that will continue to serve them for a few years. Changing is difficult and time-consuming. TaxWise has a target audience, such as the preparers at IRS free clinics who accept limited types of returns/limited forms and schedules/etc. If the OP fits that mold, then she might be comfortable with TaxWise. If she has a different mix of clientele/returns, then she might want to continue evaluating other software, too. I was simply urging her to find a software that meets her comfort level and other needs, but works for the types of returns she prepares now and expects to prepare over the next few seasons.

[MLINDER42]

Complex returns

As stated in previous post I do 2200 returns they range from the easiest to a client with 58 rental units I have never had any problems with Taxwise.Only problem encountered was in the year I converted 200 returns from Pro Series in the depreciation schedules and some loss carryovers.

[Roberts]

TaxWise has a target audience,

This is where you are wrong. Just because the IRS uses the software, doesn't mean it is TaxWise's target audience. Once you've made the assumption that they are focused on easy returns, the rest of your assumptions are going to be wrong.

I've used TaxWise, ProSeries, ATX and TaxAct. ATX, ProSeries and Tax Wise all handled complex returns as perfectly as any other. TaxAct worked very well also but had slight variations.