TaxACT: Press Releases

TaxACT Rated Top Favorite by USA TODAY Facebook Super Bowl Viewer Panel

Mon, 06 Feb 2012 15:35:45 GMT

TaxACT Rated Top Favorite by USA TODAY Facebook Super Bowl Viewer Panel

Everyone can view and vote for TaxACT's ad at free.taxact.com.

Cedar Rapids, IA – February 6, 2012 – The nearly 300 voters on USA TODAY Facebook Ad Meter viewer panel rated TaxACT's "Free to Pee" spot the 11th most liked Super Bowl ad. TaxACT's commercial ranked 7.86 on a scale of 0 to 10, finishing just 0.08 points behind 10th place.

Volunteers in the McLean, Va. and Phoenix, Ariz. panels rated how much they liked or disliked ads on hand-held meters as they aired live during the game.

"The panel's ratings show our ad elicited an immediate and strong emotional response, and that's exactly what we wanted," said Kris Peterson, TaxACT's vice president of marketing. "Rather than focusing on the act of doing your taxes, we wanted to connect viewers with the emotion of being totally free – the same feeling you have when using TaxACT's free product."

TaxACT Free Federal Edition is the only free federal tax preparation solution to include all e-fileable forms for simple and complex tax situations.

"Given the size and scope of previous Super Bowl audiences, we decided a national spot was the best way to cut through the industry noise and tell as many consumers as possible that frees are not created equal," said Peterson.

According to The Nielsen Company, Super Bowl XLVI is the most-watched show in U.S. television history with 111.3 million viewers, beating last year's 111.0 million Super Bowl XLV viewers.

The ad was part of a comprehensive marketing campaign spanning Web, email, social media and public relations channels designed to increase brand awareness and engagement. Efforts used free or cost-effective means to generate buzz before and after the ad.

The fast first quarter game pushed TaxACT's 30-second spot to early second quarter. Just hours before kickoff, the company posted the full ad on its web site at free.taxact.com after airing exclusively on Friday as part of NBC's "TODAY" show ad coverage.

Along with the full spot, TaxACT released a 53-second web version on free.taxact.com featuring additional characters and a few more frustrating situations for Tommy, the little boy in the commercial.

The USA Today and Facebook Ad Meter will continue until 6 p.m. tomorrow, February 7, and winners will be announced Tuesday at 10 p.m. ET on usatoday.com as well as in Wednesday's print editions of USA TODAY. TaxACT's 30-second spot is also a contender in Twitter's Ad Scrimmage and YouTube's Ad Blitz. Links to the contest pages can be found at free.taxact.com.

About TaxACT

TaxACT is critically acclaimed as a leader of affordable digital and download tax preparation software for consumers, business owners and tax professionals. In the 2005 tax season, TaxACT became the first to offer free federal tax software and free e-file to all U.S. taxpayers. TaxACT has been the 2nd most visited online destination for tax preparation services for the past six consecutive years¹. Since 2000, TaxACT Online has assisted with more than 20 million e-filed federal returns. TaxACT is a business of InfoSpace, Inc. (NASDAQ: INSP). Learn more about TaxACT at www.taxact.com and www.taxact.com/press.

¹ According to collective week end reports for taxact.com and taxactonline.com released by Hitwise™ during the 2005, 2006, 2007, 2008, 2009 and 2010 tax seasons.

Everyone Qualifies for Free Tax Preparation & E-filing with TaxACT®

Thu, 26 Jan 2012 15:35:45 GMT

Everyone Qualifies for Free Tax Preparation & E-filing with TaxACT®

All taxpayers can prepare, print, and e-file simple and complex federal returns free with TaxACT Free Federal Edition; no restrictions, no gimmicks.

Cedar Rapids, IA – January 26, 2012 – TaxACT is the free federal tax preparation and e-filing solution for everyone, regardless of income, age, state of residence, filing status, military status, or complexity of return.

"Free tax solutions are not created equal," said Lance Dunn, CEO of 2nd Story Software®, the makers of TaxACT. "Other free products have form limitations, which makes them appropriate for 'simple returns.'"

"Simple returns" include Form 1040EZ returns. According to the IRS 2009 Estimated Data Line Counts Individual Income Tax Returns, only 11.4% of 2009 e-filed federal returns were 1040EZ's.

TaxACT Free Federal Edition is the only free solution to include all e-fileable forms and schedules necessary for simple and complex returns, including:

Form 1040, 1040A and 1040EZ
Schedules A and B for itemized deductions and interest and dividends
Schedules C, D, E and F for business owners and investors – other free solutions do not include these required schedules

A full list of forms can be found at www.taxact.com.

In addition to all e-fileable forms, TaxACT Free Federal Edition includes:

Step-by-step guidance plus free and unlimited personalized help – free tax and technical answers via TaxACT's Answer Center, online and email
Convenient options – use TaxACT over the Web, on an iPad® or download the software
An easy way to switch – Quick Convert™ helps new TaxACT users quickly bring in data from last year's return
Fast refunds – with free IRS e-file, refunds can be direct deposited in as fast as 7 days. Refunds can also be received on a TaxACT Endeavor Card® Prepaid MasterCard® or used to purchase U.S. Savings Bonds in $50 increments.
Three guarantees – TaxACT backs every federal return with maximum refund, accuracy and satisfaction guarantees
Time-saving tools often found in paid products – fast data entry options, Bookmarks, Stock Assistant, FAFSA worksheet, tax glossary with nearly 300 terms, loan and savings calculators
Audit Assistant – step-by-step guidance just in case its needed
24/7 status of e-filed returns – check the status of federal and state returns any time, anywhere on TaxACT's website, mobile site or free companion application for the iPhone, iPod touch and Android phones.

Free Edition users can add a state return for less than half the price of others. The $14.95 TaxACT Online State price includes all part-year and non-resident forms, free e-file, free email help, Accuracy Guarantee, and more. Download users can e-file state returns for just $7.95 each (fees do not apply to NY returns).

TaxACT announced last week that it is airing a national commercial during the Super Bowl. Learn more at free.taxact.com and www.taxact.com/press.

About TaxACT

TaxACT has been the second largest provider of online tax solutions for the past six consecutive years¹. Since 2000, TaxACT Online has assisted with more than 20 million e-filed federal returns. TaxACT is 100% made and supported in the U.S.

Learn more about TaxACT at www.taxact.com and in the Press Center at www.taxact.com/press.

⁽¹⁾ According to collective week end reports for taxact.com and taxactonline.com released by Hitwise™ during the 2005, 2006, 2007, 2008, 2009 and 2010 tax seasons.

2nd Story Software®, the Makers of TaxACT®, To Tell Its Universal Story of Free to Super Bowl Audience

Tue, 17 Jan 2012 15:35:45 GMT

2nd Story Software®, the Makers of TaxACT®, To Tell Its Universal Story of Free to Super Bowl Audience

The bold commercial is part of a multi-dimensional marketing campaign to spread the TaxACT message of free.

Cedar Rapids, IA – January 17, 2012 – TaxACT, a giant in the digital tax preparation industry most recognized for its free federal tax solution, is making its Super Bowl debut with a commercial about the human truth of free.

TaxACT introduced the first free federal tax preparation and filing solution for all taxpayers during the 2005 tax season. Today, it remains the only free product that includes forms and schedules necessary for many complex returns filed by millions of customers each year.

2nd Story Software's marketing efforts have historically focused on online advertising with some television. The company made the bold leap to the Super Bowl this year in order to cut through the industry's loud advertising noise, particularly in the case of free tax products.

"Our message that TaxACT Free Federal Edition is truly free for everyone is relevant for all taxpayers," said Kris Peterson, Vice President of Marketing at 2nd Story Software. "Given that the Super Bowl reached a total audience of 88.7 million viewers between the ages of 18 and 54 last year¹, the Super Bowl is the ideal platform to deliver our message."

The commercial uses a courageous and gutsy story to put viewers in touch with the feeling of being totally free at emotional, physical and psychological levels. Dave Morton, president of J.W. Morton & Associates advertising agency, said. "It's great that 2nd Story Software is being so bold and confident. The Super Bowl is bold and so is the concept."

The commercial's free message immediately resonated with all parties involved in the commercial, making for a one-of-a-kind experience. Director Wayne Craig of Mechaniks production company said, "Everyone involved in the project from start to finish were infected by the story and bought into the vision. I believe after watching the ad, the audience will understand beyond a shadow of a doubt that TaxACT really does help people. The company behind it has a great sense of humor, they're down to earth, and they have an unbelievable free product."

Although the plot will remain under wraps until the commercial airs on February 5, 2nd Story Software is building up to it through a comprehensive marketing campaign spanning web, email and social media channels. The build began with the start of Feel the Free Fridays Sweepstakes on January 5, the same day final versions of TaxACT were released. The sweepstakes introduces participants to TaxACT's "totally free feels good" message and engages them in a conversation about free with thousands of others.

A new TaxACT web site, free.taxact.com, was launched today. The interactive web site builds excitement for the Super Bowl commercial and football game while reinforcing its free message. The site features sneak peeks of the commercial, offers the opportunity to enter and engage with other participants in the Feel the Free Fridays Sweepstakes, and tests visitors' football knowledge.

The commercial can be viewed in its entirety on the site immediately after airing on game day.

Like 2nd Story Software, this is the first Super Bowl commercial for Craig, J.W. Morton & Associates, Mechaniks, and Independent post production company of Milwaukee, WI.

About 2nd Story Software and TaxACT

2nd Story Software, the makers of TaxACT, is a privately held company founded in 1998 and critically acclaimed as a leader in developing affordable tax preparation software and Web-based services directly for consumers, business owners and tax professionals. TaxACT has been the 2nd most visited online destination for tax preparation services for the past six consecutive years². Since 2000, TaxACT Online has assisted with more than 20 million e-filed federal returns. TaxACT is 100% made and supported in the U.S. Learn more about TaxACT at www.taxact.com and in the Press Center at www.taxact.com/press.

About J.W. Morton and Associates

J.W. Morton and Associates is a full-service Cedar Rapids advertising agency founded in 1984. Agency services cover the gamut, from public relations to TV advertising to branding and all points in between. Their roster of clients represents a diverse range of industries including software and technology, healthcare, food service, agriculture and banking, to name a few. Learn more about the agency at jwmorton.com

About Mechaniks

Mechaniks is a full-service production company based in Venice, California founded in 2002. Mechaniks represents an A-list roster of nationally and internationally recognized directors, and is actively engaged in the production and development of commercials, branded content, TV and full-length feature films. More can be found at www.mechaniks.com.

¹ Source: Nielsen Media Research, Live + 7 Data, 2/6/11, Fox Super Bowl XLV, P18-54 TA (000) with a viewing qualifier of 6 minutes.

² According to collective week end reports for taxact.com and taxactonline.com released by Hitwise™ during the 2005, 2006, 2007, 2008, 2009 and 2010 tax seasons.

InfoSpace to Acquire TaxACT

Mon, 09 Jan 2012 19:50:52 GMT

InfoSpace to Acquire TaxACT

Transaction Provides InfoSpace Strong Presence and Growth Opportunities in Online Consumer Tax Preparation

BELLEVUE, Wash. – January 9, 2012– InfoSpace, Inc. (NASDAQ: INSP), a leader in online search, today announced that it has signed a definitive agreement to acquire TaxACT, a leading provider of online tax solutions, for $287.5 million in cash. The acquisition is subject to satisfaction of customary closing conditions and is expected to close in the first quarter of 2012.

"The acquisition of TaxACT is significant for our Company, and consistent with our capital deployment objectives," said William J. Ruckelshaus, President and Chief Executive Officer of InfoSpace. "As a leading brand with a loyal, growing customer base and a sustained track record, TaxACT is well positioned to grow in the large and enduring tax preparation category. As the market continues its shift toward online 'do-it-yourself' tax preparation, we are confident that we can leverage our online expertise, TaxACT's industry leading solutions, and the fantastic TaxACT management team to drive future growth. The financial benefits of this transaction are compelling and provide us ongoing flexibility to invest in our businesses to further enhance shareholder value."

The transaction is expected to be immediately accretive to InfoSpace earnings per share and year one return on shareholder capital is expected to exceed 16%. For the twelve months ending September 30, 2011, TaxACT had revenues of $78.1 million and adjusted EBITDA of $37.8 million. For the twelve months ending September 30, 2011, InfoSpace and TaxACT together generated pro forma revenue of $290.0 million, pro forma adjusted EBITDA of $72.5 million, and pro forma non-GAAP net income of $45.6 million or $1.21 per diluted share.

Based in Cedar Rapids, Iowa, TaxACT is the second largest provider of online tax solutions. With approximately 70 full-time employees, TaxACT participates in the large and growing $20 billion tax preparation market. The Company had more than five million tax filers last season, with the vast majority of those customers filing online.

TaxACT offers the only complete free federal tax solution for "everyone." Its offerings include a free edition, deluxe edition and state edition, for individual tax filers, and TaxACT professional for businesses. TaxACT's offerings are available through a secure online delivery system, complemented by available desktop downloads and extensive tax and IRS expertise.

"On behalf of the entire TaxACT team, I want to express my excitement as we partner with InfoSpace," said JoAnn Kintzel, president of TaxACT. "We are committed to providing a superior customer experience and working hard to ensure that everyone is comfortable using the TaxACT products to complete their federal tax returns for free. We have the right tools, tremendous in-house expertise, and an established consumer following. With the support of InfoSpace, we are confident that we can further strengthen our position and capitalize on the substantial opportunities in the market for online tax preparation."

InfoSpace will fund the acquisition through a combination of cash on hand and debt, and has secured a commitment for approximately $95 million of financing in connection with this transaction. The combined company is expected to have a solid balance sheet with an estimated cash and short term investments in excess of $90 million.

Upon completion of the acquisition, 2nd Story Software, the operating company for the TaxACT business, will become a wholly-owned subsidiary of InfoSpace, and will continue operations in Cedar Rapids, Iowa as a standalone business unit led by the TaxACT management team. TA Associates, the majority shareholder of the TaxACT business, will sell its full holdings as part of this transaction.

Conference Call and Webcast

InfoSpace will host a conference today at 5:30 a.m. Pacific time / 8:30 a.m. Eastern time to discuss the acquisition of TaxACT. The live webcast and a set of slides with additional information can be accessed in the Investor Relations section of the Company's website, at http://www.infospaceinc.com.

About InfoSpace, Inc.

InfoSpace, Inc., a leading developer of metasearch products, is focused on bringing the best of the Web to Internet users. InfoSpace's proprietary metasearch technology combines the top results from several of the largest online search engines, providing fast and comprehensive search results. InfoSpace sites include Dogpile(R) (www.dogpile.com), InfoSpace.com(R) (www.infospace.com), MetaCrawler(R) (www.metacrawler.com), WebCrawler(R) (www.webcrawler.com), and WebFetch(R) (www.webfetch.com). InfoSpace's metasearch technology is also available on nearly 100 partner sites, including content, community, and connectivity sites. In addition, the Company operates an innovative online search engine optimization tool, WebPosition(R) (www.webposition.com). Additional information may be found at www.infospaceinc.com.

About TaxACT

TaxACT, is a privately held company founded in 1998 and critically acclaimed as a leader in developing affordable tax preparation software and Web-based services directly for consumers. TaxACT was the first to offer free Federal tax software and free e-file to all American taxpayers in the 2005 tax season. TaxACT is the 2nd most visited online destination for tax preparation services. Since 2000, TaxACT Online has assisted with more than 20 million e-filed federal returns. TaxACT is also the only Web-based tax planning and preparation product to offer a year-round tax preparation solution, with Preview Versions released in October and Final Versions released in January. Learn more about TaxACT individual, business and professional products at www.taxact.com and in the Press Center at www.taxact.com/press.

InfoSpace.com, InfoSpace, Dogpile, MetaCrawler, WebCrawler, WebFetch, and other marks are trademarks of InfoSpace, Inc. TaxACT and 2nd Story Software are trademarks of 2nd Story Software, Inc.

###

Investor Contact:
Stacy Ybarra, InfoSpace
(425) 709-8127
stacy.ybarra@infospace.com

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and which may differ significantly from actual results due to various risks and uncertainties including, but not limited to: general economic, industry, and market sector conditions; the timing and extent of market acceptance of developed products and services and related costs; the successful execution of the Company's strategic initiatives, business integration plans, operating plans, and marketing strategies. A more detailed description of these and certain other factors that could affect actual results is included in InfoSpace, Inc.'s most recent Annual Report on Form 10-K and subsequent reports filed with or furnished to the Securities and Exchange Commission. InfoSpace, Inc. undertakes no obligation to update any forward-looking statements to reflect new information, events, or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

InfoSpace, Inc.
Reconciliations of Non-GAAP Financial Measures to the Nearest Comparable GAAP Measure
Pro Forma Adjusted EBITDA Reconciliation ⁽¹⁾
(Unaudited)
(Amounts in thousands)

	INSP	TaxAct	"Pro Forma Combined"
	12 Months Ended September 30, 2011
GAAP pro forma net income ⁽²⁾	$13,798	$16,487	$30,285
Discontinued operations	11,579	-	11,579
Depreciation and amortization of intangible assets	9,480	752	10,232
Stock-based compensation	11,560	35	11,595
Other loss (income), net ⁽³⁾	(19,125)	11,658	(7,467)
Pro forma income tax expense ⁽⁴⁾	7,429	8,877	16,306
Adjusted pro forma EBITDA ⁽⁵⁾	$34,721	$37,809	$72,530

InfoSpace, Inc.
Reconciliations of Non-GAAP Financial Measures to the Nearest Comparable GAAP Measure
Pro Forma Non-GAAP Net Income Reconciliation ⁽¹⁾
(Unaudited)
(Amounts in thousands, except per share amounts)

	INSP	TaxAct	"Pro Forma Combined"
	12 Months Ended September 30, 2011
GAAP pro forma net income ⁽²⁾	$13,798	$16,487	$30,285
Discontinued operations	11,579	-	11,579
Other non-recurring loss (income), net ⁽⁶⁾	(18,965)	7,083	(11,882)
Pro forma income from continuing operations net of non-recurring loss (income), net	6,412	23,570	29,982
Pro forma non-cash income tax expense from continuing operations net of non-recurring loss (income), net ⁽⁷⁾	7,384	8,228	15,612
Pro forma Non-GAAP net income ⁽⁵⁾	$13,796	$31,798	$45,594

Income from continuing operations net of non-recurring loss (income), net - diluted	$0.17	$0.62	$0.79
Non-cash income tax expense from continuing operations net of non-recurring loss (income), net - diluted ⁽⁵⁾	$0.19	$0.23	$0.42
Non-GAAP net income per share - diluted ⁽⁵⁾	$0.36	$0.85	$1.21

⁽¹⁾ InfoSpace's and TaxACT's Pro forma adjusted EBITDAs are calculated by adjusting net income (loss) determined in accordance with generally accepted accounting principles ("GAAP"), less pro forma interest imputed on the debt incurred related to the acquisition of TaxACT's operations and pro forma income tax expense, to exclude the effects of discontinued operations (including loss from discontinued operations, net of taxes, and loss on sale of discontinued operations, net of taxes), pro forma income taxes, depreciation, amortization of intangible assets, stock-based compensation expense, and other loss (income), net (which includes such items as litigation settlements, adjustments to the fair values of contingent liabilities related to business combinations, gains on resolutions of contingencies, interest income, foreign currency gains or losses, certain transaction expenses, and gains or losses from the disposal of assets), as detailed above. InfoSpace's management believes that Pro forma adjusted EBITDA provides meaningful supplemental information regarding the Company's performance by excluding certain expenses and gains that management believes are not indicative of its core business operating results. InfoSpace uses Adjusted EBITDA, which is a non-GAAP financial measure, for internal management purposes, when publicly providing guidance on possible future results, and as a means to evaluate period-to-period comparisons. InfoSpace believes that Adjusted EBITDA is a common measure used by investors and analysts to evaluate its performance, that it provides a more complete understanding of the results of operations and trends affecting the Company's business when viewed together with GAAP results, and that management and financial statement users benefit from referring to this non-GAAP financial measure. Accordingly, InfoSpace also believes that the presented Pro forma adjusted EBITDA is meaningful information for financial statement users.

InfoSpace's and TaxACT's Pro forma non-GAAP net incomes are calculated by adjusting Pro forma GAAP net income, less pro forma interest imputed on the debt incurred related to the acquisition of TaxACT's operations and pro forma income tax expense, to exclude the effects of discontinued operations (including loss from discontinued operations, net of taxes, and loss on sale of discontinued operations, net of taxes) and the non-cash portion of income tax expense from pro forma continuing operations. The non-cash portion of income tax expense from pro forma continuing operations represents a reduction to cash taxes payable associated with the utilization of deferred tax assets, which are primarily comprised of U.S. federal net operating losses. Due to the Company's continued ability to offset a substantial portion of its cash tax liabilities through 2020 provided by these deferred tax assets, management believes that excluding the non-cash portion of income tax expense from pro forma continuing operations and the effects of discontinued operations from its Pro forma GAAP net income provides meaningful supplemental information to financial statement users regarding the Company's performance and the valuation of its business. Accordingly, InfoSpace also believes that the presented Pro forma non-GAAP net income is meaningful information for financial statement users. Pro forma adjusted EBITDA and Pro forma non-GAAP net income should be evaluated in light of the Company's financial results prepared in accordance with GAAP, and should be considered as a supplement to, and not as a substitute for or superior to, GAAP net income.

These non-GAAP financial measures presented, both Pro forma adjusted EBITDA and Pro forma non-GAAP net income, for the combined entities InfoSpace and TaxACT, do not necessarily reflect the results of operations that would have existed had InfoSpace operated those organizations as a combined business.

⁽²⁾ As presented in the Condensed Consolidated Statements of Operations (unaudited) for InfoSpace and the unaudited consolidated statement of earnings for TaxACT's operations.

⁽³⁾ Other loss (income), net for InfoSpace primarily consists of litigation settlements, adjustments to the fair values of contingent liabilities related to business combinations, gains on resolutions of contingencies, interest income, foreign currency gains or losses, and gains or losses from the disposal of assets. The amount for TaxACT includes expenses incurred related to the H&R Block failed transaction process and pro forma interest expense inputed on debt.

⁽⁴⁾ The amounts are computed at the statutory rate of 35 percent.

⁽⁵⁾ Amounts previously disclosed have been revised to reflect the effect of classifying InfoSpace's Mercantila e-commerce business as discontinued operations.

⁽⁶⁾ The amount for InfoSpace represents a gain on a litigation settlement. The amount for TaxACT represents expenses incurred related to the H&R Block failed transaction process.

⁽⁷⁾ The amounts are computed at the statutory rate of 35 percent, less 2 percent alternative minimum tax payments.

TaxACT® offers everyone easy & affordable tax filing solutions plus fast refunds

Thu, 05 Jan 2012 18:04:12 GMT

TaxACT® offers everyone easy & affordable tax filing solutions plus fast refunds

TaxACT 2011 guides users to maximum tax savings faster

Cedar Rapids, IA – January 5, 2012 – Final Versions of TaxACT 2011, released today by 2nd Story Software®, give everyone easy yet affordable tax preparation, filing and maximum refund solutions.

"We've made it easier for taxpayers to do their taxes, from start to refund," said 2nd Story Software CEO Lance Dunn. "TaxACT has eliminated the hassle of switching software solutions and high costs of storefront preparation."

In addition to offering download and Web solutions, everyone can now prepare and e-file federal and state 1040 returns on the iPad® with TaxACT Online Free Federal, Deluxe and State Editions. TaxACT is also available in hundreds of retail locations across the country this year.

Regardless of how users did their taxes last year, key data from last year's return can be quickly transferred to this year's return. Deluxe users can import last year's TaxACT return, and new users switching from 11 other solutions can import a PDF of last year's return. All new users who don't import can quickly bring in last year's information with new Quick Convert™ in Free Edition and Deluxe.

TaxACT includes the tools and guidance users need to confidently do their own taxes. The step-by-step interview covers the latest tax law changes with results backed by TaxACT's Maximum Refund Pledge and Accuracy Guarantee. Free personalized help is always just a click away. The Answer Center, with more robust search capabilities, provides immediate answers. All customers can also email tax and technical questions directly to TaxACT's knowledgeable and trained specialists for free. TaxACT has also extended its offer for free phone support with paid products. Customers who register for or order Deluxe, Ultimate Bundle (Deluxe + State), State or Business products will receive unlimited phone help for the entire 2011 tax year upon product payment. Free Edition users can purchase unlimited phone help for the tax year for a low one-time fee of $7.95.

Users who e-file can now check the status of their federal and state returns 24/7 at www.taxact.com, TaxACT's mobile site at m.taxact.com and on their mobile phones with new TaxACT Central™. The free companion application is available for the iPhone®, iPod® Touch and Android™ phone. The free app includes other tools and resources for use before, during and after doing your taxes with TaxACT.

TaxACT customers have several fast and convenient refund options. Free federal e-filing means users can have their refund direct deposited in as fast as 7 days. Refunds can also be issued on a TaxACT Endeavor Card® Prepaid MasterCard© debit card. Plus, customers can deduct TaxACT product fees from their refund and purchase U.S. Savings Bonds in $50 increments.

The lack of restrictions and its coverage of complex returns continue to set TaxACT Free Federal Edition apart. Many free federal solutions and mobile applications only cover simple returns, such as Form 1040EZ. According to the IRS 2009 Estimated Data Line Counts Individual Income Tax Returns, only 11.4% of 2009 e-filed federal returns were 1040EZs. TaxACT is the most complete free solution for both simple and complex returns that also includes personalized tax help for free by email.

"TaxACT Free Federal Edition is the only free federal solution that includes all e-fileable forms, including the required forms and schedules for self-employment, business, investment and rental property income," said Dunn.

Use of all TaxACT products is risk-free, and its affordable paid products include money-back and price guarantees. TaxACT Online's Price Lock Guarantee promises customers the price advertised in the offer through which they registered, even if prices increase. Moreover, TaxACT Online Deluxe and State users aren't required to pay until they print, e-file, view PDFs of tax forms or redeem phone support.

TaxACT products

TaxACT Free Edition allows everyone – regardless of age, income, state of residence, military status – to prepare, print and e-file a federal return free with features included in other paid solutions. Features include:

All e-fileable forms, schedules and worksheets required for simple and complex returns
New Quick Convert and PDF import options for bringing in data from last year's return
Free tax and technical help in the enhanced Answer Center and via email
Compatibility with new TaxACT Central, the free companion mobile app for use before, during and after using TaxACT
New iPad compatibility for TaxACT Online Free Edition
Maximum refund, accuracy and satisfaction guarantees
Enhanced Bookmarks for easy navigation with the option to personalize
Life Event guidance for one event
Stock Assistant for easy entry of investment data
Enhanced tax glossary of nearly 300 terms
Report with all necessary tax data required for the FAFSA

Free Edition users can add a state return for just $14.95, less than half the price of other state solutions. Online State users receive a free e-file; download users can e-file for just $7.95 per return (fees do not apply to NY returns).

TaxACT Deluxe is recommended for returning customers who want to import last year's TaxACT return, as well as those who want extra tax tools and help. In addition to all features in Free Edition, Deluxe includes:

Donation Assistant with audit-backed values for over 1,300 items
Life Events and Tips throughout the interview for over 35 life changes
New Education and Retirement Guides with money-saving tax information, tips and examples
Extended! Free unlimited tax and technical help by phone upon product payment
TaxTutor Guidance powered by J.K. Lasser
Stock Import for investment data
Capital gains and depreciation summaries
As-you-go access to PDFs of tax forms upon product payment
Tax Calculator shows how changes can impact 2011, 2012 and 2013 returns
Report to help married taxpayers determine whether filing separately or jointly is more beneficial
TaxWatch to help lower 2012 taxes

Online Deluxe users can add a state return with free e-file for just $8 (the same total price for Online Ultimate Bundle, which includes Deluxe and State for $17.95). Desktop Deluxe users can save over 20% on Deluxe and State by purchasing TaxACT Ultimate Bundle for $21.95. Desktop users can prepare and print unlimited returns and e-file their first federal return free; up to four additional federal returns and state returns can be e-filed for $7.95 each.

About 2nd Story Software and TaxACT

TaxACT has been the 2nd most visited online destination for tax preparation services for the past six consecutive years*. Since 2000, TaxACT Online has assisted with more than 20 million e-filed federal returns. TaxACT is 100% made and supported in the U.S.

Learn more about TaxACT at www.taxact.com and in the Press Center at www.taxact.com/press.

* According to collective week end reports for taxact.com and taxactonline.com released by Hitwise™ during the 2005, 2006, 2007, 2008, 2009 and 2010 tax seasons.

Do-it-yourself tax planning and preparation easier than ever with TaxACT 2010

Mon, 04 Oct 2010 19:42:36 GMT

Don't wait for the outcome of pending legislation to do year-end tax planning and start a 2010 return.

Cedar Rapids, IA – October 4, 2010 – 2nd Story Software® released preview versions of TaxACT® 2010 Free Federal and Deluxe Editions today.

TaxACT preview versions provide year-end tax guidance and allow users to get an early start on next year's return. The interview notifies users when part of their return is contingent on the outcome of tax legislation, allowing them to enter data or skip the question. TaxACT will estimate 2010 federal and state taxes based on the information users enter or import. The estimates can then be used to help make year-end adjustments to minimize their tax bill.

"We may see fairly significant changes to tax law over the next few months, but this has happened before," reminds Lance Dunn, CPA and President of 2nd Story Software. "Our software updates as laws change. The bottom line is that at filing time, TaxACT guarantees accurate calculations and the biggest possible refund."

New features and enhancements in TaxACT 2010 were designed with a specific goal. "We want the TaxACT experience to exceed users' expectations, whether they're doing their own taxes for the first time, are new to TaxACT or have used TaxACT for the last 12 years," explained Dunn.

TaxACT 2010 Free Edition still allows everyone to prepare, print and e-file a federal return free, but this year it's even easier. The updated and easier-to-use interface has more navigation options and easier access to key information. The 2010 Free Edition also features:

All e-fileable forms to cover every situation, including itemized deductions and income from rental, business and investments.
A new Answer Center that provides personalized tax and program help.
New bookmarks that allow users to add notes and easily return to interview questions later.
Free tax help via e-mail.
Import of 2009 return data from PDFs prepared by certain software solutions.
Free e-file for a refund in as few as 8 days with direct deposit.
Risk-free use with maximum refund, accuracy and satisfaction guarantees.
Quick entry tools, including a new option for asset depreciation data.
New tax term glossary with linked terms throughout the interview.

TaxACT Deluxe has additional features for returning TaxACT customers as well as for those who need extra tax tools and help, including:

Import of TaxACT 2009 return data.
Easier-to-use Donation Assistant that provides certified resale values for more than 1,300 items and keeps track of your deduction.
As users complete the interview, the new Life Events Tips provide important information about life changes.
Unlimited phone help for customers who order or register online for TaxACT Deluxe or Ultimate Bundle (Deluxe + State) by December 31, 2010 – a $7.95 value.
Fast, as-you-go access to PDF copies of tax forms.
Enhanced import of investment data.
Maximum refund, accuracy, price lock (TaxACT Online) and satisfaction (desktop products) guarantees.

Regardless of tax law changes or which TaxACT product is used, TaxACT 2010 makes do-it-yourself tax planning, preparation and filing easier than ever.

TaxACT products

TaxACT Free Federal Edition – FREE to Prepare, FREE to Print, FREE to E-file™ – for Everyone. Includes all e-fileable forms for simple and complex returns, a free e-file, Answer Center with unlimited e-mail and Web help, Maximum Refund Pledge, PDF Import of 2009 return data from other software providers, Accuracy Guarantee, new Bookmarks, Stock Assistant, Audit Assistant, a document with all tax data for the FAFSA and more.
TaxACT Deluxe ($9.95 Online or $12.95 download) – Recommended for TaxACT 2009 users and those seeking extra tax tools and help. Includes everything in Free Federal Edition, as well as TaxACT 2009 data return import, enhanced Donation Assistant with audit-backed values for more than 1,300 commonly donated items, TaxACT TaxTutor™ with expert guidance from J.K. Lasser, enhanced Stock Import, unlimited Life Events and tips, PDF forms preview, Tax Calculator for performing what-if tax scenarios and more. TaxACT Online payment not required until user prints, e-files or views PDFs of forms.
TaxACT State ($14.95 Online or download) – Information from TaxACT Free Edition or Deluxe seamlessly transfers to state forms so that users can complete their state return in minutes. TaxACT Online State includes a free e-file, and download users can e-file for just $7.95. State Editions are released as state forms become available, starting in January. TaxACT Online payment not required until user prints, e-files or views PDFs of forms.
TaxACT Ultimate Bundle – Deluxe + State ($17.95 Online or $19.95 download) – Best value for federal and state returns with more than 25% in savings. Online users receive a free federal and state e-file. Download users receive a free federal e-file and can e-file their state return for just $7.95. Download users can also e-file up to four more federal returns for just $7.95 each. TaxACT Online payment not required until user prints, e-files or views PDFs of forms.

TaxACT® offers unlimited guidance to help last-minute filers meet the April 15 deadline

Wed, 24 Mar 2010 17:03:59 GMT

TaxACT guides users through the toughest tax situations from start to finish

Cedar Rapids, IA — March 24, 2010 — Procrastinators are feeling the pressure with the filing deadline only 3 weeks away and nearly 300 federal tax law changes. Every year, millions of late filers turn to 2nd Story Software's TaxACT, a trusted and affordable tax preparation solution with guidance every step of the way.

TaxACT's step-by-step interview process covers the latest tax law changes and includes an Examiner series designed to boost tax savings by analyzing income, deductions and credits. After users complete the interview, TaxACT Alerts identifies potential errors, omissions and opportunities for additional tax savings. Results are backed by TaxACT's guarantees for accuracy, maximum refund, price lock and satisfaction.

Users needing assistance at any point during the interview can take advantage of unlimited TaxACT Taxpayer Support™ via email, as well as instant 24-hour access to an online help center. The online help center features video tutorials for many frequently asked questions and provides information about topics ranging from forgotten passwords and IRA contribution limits, to the First-time Homebuyer and Making Work Pay credits.

TaxACT Deluxe is the recommended solution for returning users and those who want extra information and help via phone. Deluxe features include:

Import of 2008 TaxACT data
Unlimited phone help from TaxPayer Support specialists during office hours upon payment (Free Federal Edition users can upgrade to Deluxe on the spot when calling)
Over 2,500 easy-to-follow tax savings tips and strategies with TaxACT TaxTutor™, powered by J.K. Lasser
Audit-backed values for more than 700 non-cash donations in Donation Assistant™
Guidance for major life changes such as marriage, having children, selling a home and more than 30 other situations
Advanced reports and summaries to help users arrive at their ideal tax outcome

Taxpayers waiting until the last minute can take advantage of free federal e-filing included in TaxACT Free Federal Edition and Deluxe, and e-filers expecting a federal refund can choose direct deposit to have their money in as few as 8–10 days. Anyone needing more time to complete their taxes can file an extension via Form 4686 for free with TaxACT Free Federal Edition.

TaxACT also offers a fast and affordable state solution. As users complete their federal return, data is entered into state forms so they can finish and file their state taxes in minutes.

TaxACT is a complete one-stop solution with all the guidance, tools and expertise taxpayers with simple and complex returns need to file by the April 15 deadline.

About 2nd Story Software® and TaxACT
2nd Story Software, the makers of TaxACT, is a privately held company founded in 1998 and critically acclaimed as a leader in developing affordable tax preparation software and Web-based services directly for consumers. TaxACTOnline.com is the 2nd most visited online destination for tax preparation services.

TaxACT provides users with well-informed tax strategies in an easy-to-use format while maintaining focus on providing the best value. TaxACT is the only year-round Web-based tax planning and preparation solution, releasing preview versions of its federal software in October and final versions in January.

In addition to individual tax preparation software, TaxACT offers professional and business federal and state software. More information about all products is available at www.taxact.com.

Find TaxACT on Facebook or Twitter. Our mobile site and blog can be found at m.taxact.com and blog.taxact.com.

Everyone qualifies for free federal tax preparation with TaxACT

Thu, 21 Jan 2010 21:18:02 GMT

TaxACT® 2009 enables all taxpayers with simple and complex returns to prepare, print and e-file free - without restrictions.

Cedar Rapids, IA - January 19, 2010 - For the fourth consecutive year, 2nd Story Software®, the makers of TaxACT, is offering all taxpayers completely free federal tax preparation and e-filing.

Although TaxACT participates in the Internal Revenue Service's Free File program, TaxACT offers its Free Federal Edition to all taxpayers - regardless of age, income, state of residence, military status or complexity of return.

TaxACT was the first to offer free federal tax software and free e-filing to all American taxpayers in the 2005 tax season.

"Everyone should have access to free federal tax preparation and e-filing - without any restrictions," says Lance Dunn, CPA and President of 2nd Story Software. "TaxACT also believes free federal preparation should be complete, which is why TaxACT now includes all e-fileable forms needed for complex and simple returns."

TaxACT Free Federal Edition also includes several new features, including Stock Assistant to make entering and reviewing investment information faster and easier, and data import from PDF copies of 2008 federal returns prepared by several software solutions ¹.

As in years past, TaxACT Free Edition also includes unlimited e-mail and Web help, audit assistance, Maximum Refund Pledge and guaranteed accuracy.

"Taxpayers have a lot of new opportunities for a bigger refund this year," Dunn adds. "TaxACT Free Federal Edition walks users through all of the new credits and deductions so that no money is left on the table. Even after you've completed the federal interview, TaxACT Examiners and Alerts identify potential errors and missing information to ensure your savings are maximized and correct."

With free e-file and direct deposit, TaxACT users can have their refunds in as few as eight days. The option to purchase U.S. Savings Bonds with their refund is also available this year.

TaxACT Free Federal Edition users can choose between online or downloadable versions. With both versions, it's free to prepare, print and e-file a federal tax return.

TaxACT State integrates completely with Free Edition to guarantee that the data from federal forms transfers smoothly to a state return, reducing time and room for error. TaxACT Online State is available for as low as $14.95 with a free e-file.

For more information about TaxACT Free Federal Edition and TaxACT State, visit www.taxact.com.

TaxACT product summary

TaxACT Free Federal Edition (formerly TaxACT Standard) - FREE to Prepare, FREE to Print, FREE to E-file™ - for Everyone. Includes all e-fileable forms for simple and complex returns, free e-file, unlimited e-mail help, Maximum Refund Pledge, Competitor PDF Import, Accuracy Guarantee, Stock Assistant, Audit Assistant, a document with all tax data for the FAFSA and more.
TaxACT Deluxe ($9.95 Online or $12.95 download) - Recommended for TaxACT 2008 users and those seeking extra tax tools and phone help. Includes everything in Free Federal Edition, as well as data import of last year's TaxACT return, enhanced Donation Assistant with audit-backed values for more than 700 commonly donated items, TaxACT TaxTutor™ expert guidance from J.K. Lasser, new Stock Import, unlimited Life Events, W-2 import for select employers, Tax Calculator for performing what-if tax scenarios and more.
TaxACT State ($14.95 Online and download) - Information from TaxACT Free Edition or Deluxe is transferred seamlessly to TaxACT State so that users can complete a state return in minutes. TaxACT Online State includes a free e-file, and download users can e-file for just $7.95.
TaxACT Ultimate Bundle - Deluxe + State ($17.95 Online or $19.95 download) - Best value for federal and state returns with a more than 25% savings. Online users receive a free federal and state e-file. Download users receive a free federal e-file and can e-file their state return for just $7.95. Download users can also e-file up to four more federal returns for just $7.95 each.

About 2nd Story Software® and TaxACT

TaxACT provides users with well-informed tax strategies in an easy-to-use format, while maintaining focus on providing the best value. TaxACT is the only Web-based tax planning and preparation solution to offer a year-round solution, releasing preview versions of its federal software in October and final versions in January.

In addition to individual tax preparation software, TaxACT offers professional and business federal and state software. More information about all products is available at www.taxact.com.

Find TaxACT on Facebook at www.Facebook.com/TaxACT and follow us on Twitter at www.Twitter.com/TaxACT. Our new mobile site and blog can be found at m.taxact.com and blog.taxact.com.

TaxACT can import tax data from PDF files prepared by the following software solutions: TurboTax®, TaxCut®, TaxSlayer, CompleteTax®, ezTax, FreeTaxUSA™, eSmart® Tax, On-Line Taxes, TaxBrain.com®, ATX™, Lacerte®, ProSeries® and NTS TaxVision.
According to collective week end reports released by Hitwise™ during the 2005, 2006, 2007 and 2008 tax seasons.

TaxACT 2009 raises the bar higher on free and affordable tax preparation solutions

Thu, 07 Jan 2010 21:18:02 GMT

New features and more forms make TaxACT 2009 products ideal - for everyone.

Cedar Rapids, IA - January 7, 2010 - Given the number of tax law changes and a still-recovering economy, a quality and affordable tax preparation solution is more valuable than ever. TaxACT has answered the call with a wide range of new features and enhancements for 2009 products.

2nd Story Software released final versions of TaxACT 2009 federal and state products today. Preview versions of TaxACT federal products were released in October, allowing users to start their IRS return early and see how new tax laws would affect their bottom line.

The final version of TaxACT Free Federal Edition includes all e-fileable forms, allowing every taxpayer - regardless of whether they itemize, have business, stock, or rental income, or need to report depreciation or capital gains - to prepare, print and e-file a federal return for free. TaxACT Deluxe also includes all e-fileable forms.

Starting a 2009 return is now easier and faster for new and returning TaxACT users. New users can import key data from PDF copies of 2008 federal returns prepared by many software solutions¹. Returning TaxACT users can import last year's tax data into the Deluxe version, eliminating time and data entry error.

Time-saving features have been added for taxpayers with investments. TaxACT Stock Assistant, included in both Free Edition and Deluxe, makes entering and reviewing investment information faster and easier. Deluxe users can also import stock transaction information from a CSV file.

All users will enjoy streamlined navigation resulting in fewer clicks and have a new option to enter data directly into some forms, including quick entry for W-2 and 1099 forms.

A step-by-step Q&A interview guides users through 2009 tax law changes, helping uncover all credits and deductions. TaxACT Examiners and Alerts identify potential errors and missing information. TaxACT's Maximum Refund Pledge and Accuracy Guarantee back the results.

If users need help along the way, they can e-mail TaxACT TaxPayer Support™ for free assistance, search the enhanced Online Help Center or watch video tutorials. Even after users file, TaxACT offers unlimited e-mail help and audit assistance.

In keeping with its commitment to affordability, TaxACT has introduced the Price Lock Guarantee for Online users. TaxACT Online Deluxe, State and Ultimate Bundle users are guaranteed the price advertised in the offer through which they registered - regardless of when they print or e-file their return. TaxACT Online Deluxe, State and Bundle users also have the option of paying for their TaxACT product by deducting the amount from their refund.

TaxACT users who e-file with direct deposit can have their federal refund in as few as eight days. Users can still receive their refund on a pre-paid debit card, TaxACT Endeavor Card™, but new this year, they can also choose to use all or part of their refund to purchase U.S. Savings Bonds in increments of $50.

All TaxACT products remain risk-free and without restrictions. All taxpayers, regardless of income or age, can prepare, print and e-file for free with TaxACT Free Federal Edition. To ensure customer satisfaction, Online users of paid products aren't required to pay until they print or e-file. Download customers are guaranteed their money back if they're not satisfied within 30 days of purchase.

More information about TaxACT products, features and guarantees can be found at www.taxact.com.

TaxACT product summary

TaxACT Free Federal Edition (formerly TaxACT Standard) - FREE to Prepare, FREE to Print, FREE to E-file™ - for Everyone. Includes all e-fileable forms for simple and complex returns, free e-file, unlimited e-mail help, Maximum Refund Pledge, Competitor PDF Import, Accuracy Guarantee, Stock Assistant, Audit Assistant, a document with all tax data for the FAFSA and more.
TaxACT Deluxe ($9.95 Online or $12.95 download) - Recommended for TaxACT 2008 users and those seeking extra tax tools and phone help. Includes everything in Free Federal Edition, as well as data import of last year's TaxACT return, enhanced Donation Assistant with audit-backed values for more than 700 commonly donated items, TaxACT TaxTutor™ expert guidance from J.K. Lasser, new Stock Import, unlimited Life Events, W-2 import for select employers, Tax Calculator for performing what-if tax scenarios and more.
TaxACT State ($14.95 Online or download) - Information from TaxACT Free Edition or Deluxe is transferred seamlessly to TaxACT State so that users can complete a state return in minutes. TaxACT Online State includes a free e-file, and download users can e-file for just $7.95.
TaxACT Ultimate Bundle - Deluxe + State ($17.95 Online or $19.95 download) - Best value for federal and state returns with a more than 25% savings. Online users receive a free federal and state e-file. Download users receive a free federal e-file and can e-file their state return for just $7.95. Download users can also e-file up to four more federal returns for just $7.95 each.

About 2nd Story Software and TaxACT

In addition to individual tax preparation software, TaxACT offers professional and business federal and state software. More information about all products is available at www.taxact.com.

Find TaxACT on Facebook at www.Facebook.com/TaxACT and follow us on Twitter at www.Twitter.com/TaxACT. Our new mobile site and blog can be found at m.taxact.com and blog.taxact.com.

TaxACT can import tax data from PDF files prepared by the following software solutions: TurboTax®, TaxCut®, TaxSlayer, CompleteTax®, ezTax, FreeTaxUSA™, eSmart® Tax, On-Line Taxes, TaxBrain.com®, ATX™, Lacerte®, ProSeries® and NTS TaxVision.
According to collective week end reports released by Hitwise™ during the 2005, 2006, 2007 and 2008 tax seasons.

TaxACT® Prices Remain Fixed for Late Filers

Fri, 27 Mar 2009 19:11:20 GMT

CEDAR RAPIDS, IA — March 27, 2009 — Although some tax preparation software companies may raise prices for late filers, all TaxACT prices will remain steady through April 15. According to its Web site, Intuit® may raise prices for most of its TurboTax® Online (SM) products by $20 to $30 for the millions who don’t file by March 27.

According to the IRS, 1 in 5 taxpayers wait until the final week to file by the April 15 deadline. Last year, 27.1 million taxpayers – more than 20 percent – waited to submit their income tax return.

In a year when tax returns e-filed from a home computer are at a record high of nearly 52 million¹ , it would make perfect sense for 2nd Story Software®, Inc., the makers of TaxACT, to follow competitors’ lead. However, company leaders believe taxpayers should not be punished for filing closer to April 15. Their view is rooted in the concept the company was founded upon – that no one should have to pay to prepare their federal taxes.

"We believe taxpayers should have the choice to prepare their returns for free or at an affordable cost, regardless of whether they file on January 15 or April 15. That’s why our prices have remained steady after they’re set at the beginning of each tax year," explained Leigh Aragon, spokeswoman for 2nd Story Software, Inc.

TaxACT Standard allows all taxpayers, regardless of income level, to prepare, print and e-file their federal return for free. Designed for both simple and complex returns, TaxACT Standard includes forms and schedules that other free products do not, as well as maximum refund and accuracy guarantees and unlimited e-mail support from tax specialists. TaxACT Online Standard customers can prepare, print and e-file a state return for $13.95.

At $9.95, TaxACT Online Deluxe includes extra features, most notably phone support from tax specialists, audit-backed values for non-cash charitable donations and a FAFSA worksheet. TaxACT Online Ultimate Bundle, the highest priced TaxACT Online product at $16.95, allows customers to prepare, print and e-file both a federal and state return.

Despite the explosion of free federal tax preparation software in recent years, TaxACT has remained the No. 2 destination² for online tax preparation. TaxACT products continually provide users with well-informed tax strategies in an easy-to-use application, while maintaining focus on providing the best value for customers.

As of March 6, 2009, the IRS estimated the number of e-filed tax returns had increased 6 percent compared to the same time last year.
According to collective week end reports for the Web site, www.TaxACTOnline.com, released by Hitwise™ during the 2005, 2006 and 2007 tax filing seasons.

The Bancorp Bank Partners with 2nd Story Software, Inc. to Offer the Endeavor Card™ Prepaid MasterCard®, Supplying Tax Refunds on a Prepaid Card

Tue, 10 Mar 2009 14:35:29 GMT

WILMINGTON, Del --(BUSINESS WIRE) — The Bancorp Bank Payment Solutions Group, a division of The Bancorp Bank ("Bancorp"), a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq: TBBK), today announced their partnership with 2nd Story Software, Inc., the nation's pioneer in providing free online federal tax preparation software and electronic filing services.

This partnership enables customers of TaxACT®, an online tax preparation service designed by 2nd Story Software Inc., to file federal and state taxes online at www.TaxACT.com, and choose to receive their IRS refund on a fully reloadable personal use prepaid MasterCard card. The Endeavor Card™ Prepaid MasterCard, issued by The Bancorp Bank, can be used wherever MasterCard debit cards are accepted and at millions of ATMs worldwide. Cardholders are able to reload their cards via MoneyGram® and direct deposit.

"Customers look to TaxACT Standard for a complete and free federal tax preparation solution for simple and complex returns. They also look to us for a pleasant user experience. The Endeavor Card Prepaid MasterCard issued by The Bancorp Bank enhances the user experience by offering another way to receive tax refunds, providing greater flexibility for our customers," says Lance Dunn, CPA and President of 2nd Story Software, Inc.

"The Bancorp Bank is focused on its commitment to ‘Changing the Way America Pays.’ We are excited to announce this partnership with 2nd Story Software, Inc. as it is consistent with our commitment of developing innovative products to meet changing payment needs. Our goal is to simplify payment processes and 2nd Story Software, Inc. has created the infrastructure to assist all American taxpayers by improving user experiences while keeping costs low," says Jeremy Kuiper, Managing Director – The Bancorp Payment Solutions Group.

For more information regarding The Bancorp Bank’s prepaid card payment solutions, please contact Lindsey Frank at lfrank@thebancorp.com or 952.449.6014.

The Endeavor Card Prepaid MasterCard is issued by The Bancorp Bank pursuant to license from MasterCard International Incorporated. The Bancorp Bank; Member FDIC.

MasterCard is a registered trademark of MasterCard International Incorporated.

About The Bancorp Payment Solutions Group

The Bancorp Payment Solutions Group, a division of The Bancorp Bank ("Bancorp"), a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq: TBBK), offers secure, creative and innovative payment solutions to the prepaid card industry. As a leading issuer of prepaid cards, The Bancorp Payment Solutions Group contributes to the success of Fortune 500 companies through the development of cutting-edge prepaid card programs that meet the rapidly changing needs of the prepaid industry. Through long-standing relationships with the MasterCard, Visa, and Discover card associations, leading program managers and processors, The Bancorp Payment Solutions Group designs innovative and flexible prepaid card programs which deliver outstanding results. For more information about The Bancorp Payment Solutions Group, please visit www.thebancorppsg.com.

TaxACT® Asks Taxpayers "Where Do You Do Your Taxes?"

Thu, 05 Feb 2009 16:41:07 GMT

CEDAR RAPIDS, IA--(Marketwire - February 4, 2009) — 2nd Story Software, Inc., the creators of TaxACT tax preparation software, announces the launch of WhereDoYouDoYourTaxes.com. The site features thousands of comments from satisfied TaxACT customers, a daily stream of tax tips and important tax news. Additionally, WhereDoYouDoYourTaxes.com includes an interactive video section currently featuring more than a dozen videos created by TaxACT employees.

"'Where Do You Do Your Taxes?' is TaxACT's advertising theme for the 2008 tax season, and we wanted to extend that idea in a fashion more concrete than through traditional banner ads and our homepage, www.TaxACT.com. WhereDoYouDoYourTaxes.com allows us to share positive feedback from our customers and provide those unfamiliar with our products reasons to try TaxACT," said Leigh Aragon, spokesperson for 2nd Story Software.

Ms. Aragon continued, "We're launching a video contest on February 1. Visitors will be able to submit videos to the site between February 4 and April 10. Anyone can visit the site and vote for their favorite video. The top vote-getter will win $500, with prizes for the top 6 vote-getters. Winners will be announced on April 15. Video criteria and official rules can be found on the website. We'll be adding additional features to WhereDoYouDoYourTaxes.com throughout the tax season that will create additional opportunities to engage our customers and help us improve their experience with our product."

WhereDoYouDoYourTaxes.com is TaxACT's first true entry into the rapidly emerging social web. "We wanted to make sure that we were using best practices and ethics for the space before we dived in. By taking steps to ensure we started off as good citizens in new media, that led to a longer timeline for developing this content," explains Greg Hollingsworth, Online Marketing Specialist for 2nd Story Software and developer of WhereDoYouDoYourTaxes.com. "We felt it was important to weigh the experiences of others before jumping in and treating the social web as another direct marketing channel. This site represents the beginning of what we hope will become a great resource for our customers, as well as a way for us to become closer to them. We want our customers to know that their feedback is of the utmost importance to us and that we take their requests very seriously. This website puts us in a better position to open that direct line of communication."

Mint.com Partners with TaxACT® to Simplify Online Tax Filing and Maximize Deductions

Thu, 22 Jan 2009 20:16:15 GMT

Mountain View, Calif., January 22, 2009 — Mint.com (www.mint.com), the nation’s leading online personal finance service, today announced a partnership with TaxACT®, the pioneer in offering free online Federal tax preparation, to make the process of filing taxes and identifying deductions free, simple and convenient.

Mint.com’s award-winning, free personal finance management tools offer a new and better alternative to hunting down and digging through a year’s worth of paper receipts. Users can easily see all of their tax-related expenses and income in one place, as Mint.com automatically categorizes bank, credit card, mortgage and loan account transactions across 7,500 U.S. financial institutions. They can readily identify deductions by expense type, merchant name or bank account using Mint.com’s robust search features. This information can then be easily exported to a document which can make tax filing with TaxACT even faster and easier.

"Our technology makes it incredibly simple for anyone to find all their tax-deductible transactions,” says Aaron Patzer, CEO and founder of Mint.com. “We’re excited to partner with TaxACT to bring together our powerful and free online services to help more Americans get their maximum refund this year – a goal that’s more important than ever in this economy."

As a leading tax preparation service for more than a decade, TaxACT’s online deduction, credit, and income examiner tools make it easy to prepare, print, and e-file Federal tax returns for free. TaxACT Alerts inspect returns for omissions and errors, and ensure that income tax deductions and credits are maximized. For a low cost, TaxACT Deluxe includes additional features for increased guidance, including Donation Assistant™ to accurately track your non-cash donations, unlimited phone support, and a tool that accounts for life events like marriages, birth/adoption, or home buying.

"TaxACT was created around the belief that no one should have to pay to prepare their Federal taxes, and that philosophy is what keeps TaxACT at the forefront of the tax preparation software industry," says Lance Dunn, CPA and President of 2nd Story Software, Inc. "Our focus for this season was to create a better user experience for our customers. We’ve worked hard to simplify the program’s interface and navigation."

Here are some other tax season tips and reminders from TaxACT and Mint.com:

Identify all possible deductions, including healthcare, unreimbursed business expenses and earned interest. If you’re unclear of eligibility or if you’ve experienced major life changes since last year, check out www.TaxACT.com.
If early calculations show that you’re getting a refund, file as soon as possible. Deposit your tax rebate directly into a high yield savings account. It’s easy to identify the highest interest savings accounts currently available using Mint.com’s Ways to Save feature, www.mint.com/features/save/.
Plan ahead for 2009 tax preparation. Tag tax-related transactions in Mint.com to make it faster and easier identify and estimate your deductions next year.

For more information on preparing and filing taxes with Mint.com and TaxACT, visit: http://www.mint.com/solutions/taxes/.

About Mint

Mint.com is the leading online personal finance service, providing more than 800,000 users a fresh, easy and intelligent approach to money management. And it’s free. Mint is tracking over $50 billion in transactions, $15 billion in assets and has identified more than $100 million in potential savings for its users. Designed to be effortless, Mint.com takes less than five minutes to set up. Users register anonymously using only a valid email address. Mint then does the rest, securely downloading transaction data from more than 7,500 bank, credit card and investment accounts on a daily basis. Users never need to import or synch their data. Mint applies patent-pending technology and proprietary algorithms to categorize transactions; provide a unified view of all account activity; alert users to low balances, bank fees, upcoming bills, and even potentially suspicious account activity; and give users personalized suggestions for significant savings opportunities.

Mint.com is rated top in its category by Kiplinger, Money, PC World and PC magazines and was named one of the 50 Best Websites of 2008 by Time magazine. The company was named one of 34 international Technology Pioneers by the World Economic Forum in December, 2008. The product has received two Webby awards, an American Business Award and accolades from The Wall Street Journal, BusinessWeek and TechCrunch since its September, 2007 launch.

Mint’s management team includes seasoned industry veterans drawn from the ranks of Charles Schwab, eBay, Expedia, Intuit, PGP and other leaders in the finance, security and software industries. Investors include top venture capital firms and prominent individuals whose past investments have included Google, Intuit, eBay, PassMark Security, PayPal, Yahoo! and others.

For more information on Mint.com’s free online personal finance service, please visit www.mint.com.

TaxACT® 2008 Deluxe — Taxes Done Right

Mon, 12 Jan 2009 22:12:13 GMT

Cedar Rapids, IA – January 8, 2009 — 2nd Story Software®, Inc., announces the release of TaxACT 2008 Deluxe. TaxACT Deluxe users receive all the benefits of TaxACT Standard with additional features like TaxACT's new Donation Assistant™ and unlimited live support via phone or e-mail. Users who e-file using TaxACT Deluxe and utilize direct deposit can have their tax refund in as few as eight days¹.

"We've spent the last decade providing top-of-the-line tax preparation software to our users at low prices. While our competitors have raised their prices and tacked on fees, our focus has been on improving our users’ experience while keeping costs low," says Lance Dunn, CPA and President of 2nd Story Software, Inc.

"We worked very hard this year to make valuable additions to TaxACT Deluxe and we think we've done that with the new Donation Assistant™. This tool will help our users track their charitable donations and provide fair market value for more than 700 items based on the condition. Donation Assistant is just one more way that TaxACT can help our users get their maximum refund. Given the current state of the economy, we want our customers to know they’re getting the biggest refund possible, without spending a lot to get it."

TaxACT Deluxe

TaxACT Deluxe gives customers access to more one-on-one support and several features that provide additional advice and guidance. Some of the features available to Deluxe users include:

NEW! Donation Assistant: Turn your charitable contributions into big tax savings. Donation Assistant lets you accurately track your donations and provides you with certified resale values for nearly 700 commonly donated items, eliminating the guesswork and putting more cash in your wallet.
NEW! Maximum Refund Pledge: If you receive a larger refund or smaller tax due from another tax preparation method with the same data, we will refund the applicable product price paid for your TaxACT Deluxe federal return.
Unlimited Phone Support: No matter how complicated your tax related question is, our dedicated Taxpayer Support team will work with you to resolve it. No time limits, no fees; just a trained specialist waiting to provide you with the help and information you need.

¹ In general, the IRS estimates that it will take 8-15 days for taxpayers who e-file their return and direct deposit to receive their federal tax refund from an accepted tax return. IRS processing delays may occur, delaying receipt of the taxpayers refund. The IRS begins accepting e-filed returns on Jan. 16th.

TaxACT® 2008 Standard — Taxes Done Right

Mon, 12 Jan 2009 21:56:21 GMT

Cedar Rapids, IA – January 8, 2009 — 2nd Story Software®, Inc., developers of TaxACT, announces the release of TaxACT Standard for the 2008 tax year. TaxACT pioneered free Federal tax preparation software to all taxpayers more than a decade ago and continues to be a value leader in tax preparation software. TaxACT allows users to prepare, print and e-file their Federal tax return for free starting today. If users opt for e-filing with direct deposit, they can have their return in as few as eight days¹.

"TaxACT was created around the belief that no one should have to pay to prepare their federal taxes, and that philosophy is what keeps TaxACT at the forefront of the tax preparation software industry. Our focus for this season was creating a better user experience for our customers. We’ve worked hard to simplify the program’s interface and navigation. We’ve also added videos to the interview that will help users transition through the process," says Lance Dunn, CPA and President of 2nd Story Software, Inc.

"We also wanted to provide our Standard users with a clearer picture of the information they’re providing to the IRS, so we added the Credit, Deduction and Income Examiner™ which provides a top-down overview of their information. Plus, with our new Maximum Refund Pledge, if you get a larger refund anywhere else, we’ll give you $4.95, just for trying TaxACT."

TaxACT 2008 Standard

TaxACT Standard is a fully featured tax preparation product that provides support for 1040EZ, 1040A and long form 1040 returns and supports 70 tax forms and 16 schedules (including Schedule C for small business owners). TaxACT users have the added assurance that Taxpayer Support™ is available without limits on time or number of questions via email. No other leading tax software package provides unlimited tax help to its customer at no additional cost.

TaxACT: Straightforward Pricing leads to Best Overall Value

Wed, 31 Dec 2008 17:43:10 GMT

Cedar Rapids, IA – December 11, 2008 — There has been a lot of discussion over the last few days about the increasing costs consumers may see when preparing their taxes next year. Rising software costs, new fees, charges for e-filing, these are all important factors to consider when choosing tax preparation software. However, there is one thing that is not being talked about, the cost to file a state return.

"Most people have to file both Federal & State taxes, and State tax preparation is where the cost really lies for many taxpayers. With TaxACT, users will never pay more than $13.95 to prepare, print or e-file a state return. In some cases our competitors charge as much as $50 to prepare and file one state return," said Lance Dunn, CPA and President of 2nd Story Software, Inc, the makers of TaxACT.

"TaxACT has spent more than a decade producing a high-quality, low-cost tax preparation solution for American taxpayers. While our competitors have historically raised their prices and fees, TaxACT has made a commitment to being a value leader in the industry."

TaxACT Standard is free for all taxpayers, regardless of income or age and can handle 1040, 1040A and 1040EZ federal returns. It also supports more than 150 forms, schedules and worksheets. TaxACT Standard users can add a State return for only $13.95.

TaxACT Deluxe, which includes additional features such as Donation Assistant and the FAFSA Worksheet, is $9.95. Deluxe users can add a State return for only $7.00. Additionally, the desktop version (which sells for $12.95) allows users to prepare and print an unlimited number of federal returns, with one free efile and up to 5 total e-filed returns for $7.95 each.

About TaxACT

TaxACT is the pioneer of free Federal tax preparation and TaxACTOnline.com is the #2 destination for online tax preparation . TaxACT is designed to make preparing your taxes easy, fast and reliable while maintaining a focus on providing the software to taxpayers at the best value possible.

About 2nd Story Software, Inc.

2nd Story Software, a privately held company founded in 1998, is critically acclaimed as being a leader in developing affordable tax preparation software and Web-based services directly to consumers. TaxACT products continually provide their users with well-informed tax strategies in an easy to use format, while maintaining focus on providing the best value for our customers. More information regarding the TaxACT product line may be found by visiting www.TaxACT.com.

¹According to month-by-month aggregate data contained in Hitwise® audience measurement week end-reports for the Business & Finance – Accountancy Category, which details the traffic share of the top tax software titles during the 2004, 2005, 2006 and 2007 primary tax seasons, TaxACT Online ranked second in the percent of traffic it received as compared to other Web-based tax preparation services monitored. More information regarding Hitwise may be viewed by visiting www.Hitwise.com.

TaxACT® and Shoeboxed partner to make filing taxes and organizing receipts easier

Wed, 03 Dec 2008 15:21:02 GMT

Cedar Rapids, IA – December 02, 2008 — TaxACT, a leading online tax preparation service, has formed a strategic partnership with Shoeboxed, a popular receipt organization service, the two companies announced today. As tax season begins, TaxACT and Shoeboxed provide complementary services to make it easier to file taxes and organize receipts and other documents necessary for tax returns. Shoeboxed will promote TaxACT's critically acclaimed tax preparation service to its customers, and, likewise, TaxACT will make its users aware of the benefits of Shoeboxed's receipt and business card organization service.

When used together, TaxACT and Shoeboxed provide consumers with an easy way to complete tax returns on time, protect themselves from IRS audits and maximize their deductions. Shoeboxed helps consumers organize receipts, including some tax-related documents without having to do any scanning, data entry, or organization themselves. By just putting receipts into an envelope, they can have receipts archived in a format that can easily be referenced when filing their federal tax return. Additionally, Shoeboxed scanned receipts are an accepted IRS format for proof of purchase. TaxACT allows users to file their tax forms online, streamlining the process to save time and frustration.

"Many of our current customers are using Shoeboxed to get organized for taxes anyway, so we are very excited to join TaxACT in offering an easy, stress-free way to get ready for April 15, 2009," said Taylor Mingos, CEO and Founder of Shoeboxed. "As we work with TaxACT, I hope we encourage more people to use the Internet to make taxes less of a pain."

"TaxACT has been providing free tax preparation services to taxpayers for over a decade; partnering with Shoeboxed allows us to provide even better value for our customers," says Leigh Aragon, spokeswoman for 2nd Story Software, the makers of TaxACT. "The Shoeboxed service is a perfect complement to TaxACT, giving people yet another service that makes preparing their taxes even more hassle free."

About Shoeboxed

Shoeboxed (http://www.shoeboxed.com), a leading receipt organization service, scans and organizes its users' receipts and business cards to make them more manageable for taxes, reimbursements, budgeting and bookkeeping. When users mail receipts to Shoeboxed in the company's prepaid envelopes, they are scanned and entered into their accounts online with the store name, date, total, payment type and expense category. Users can also send in email receipts or upload receipts themselves for a complete receipt archive. Business cards are scanned and uploaded with the data from the front and back of each card. Mail-In plans start at $9.95 per month, but use of the Shoeboxed website is free and includes comparable features to expensive offline software solutions in the market.

Other features of Shoeboxed:

No scanners or software upgrades required
Export receipts to Quicken, Excel, CSV, PDF expense report
Import business card contacts to Outlook, Salesforce, LinkedIn, and other digital address book solutions
Free catch-up scanning for receipt and business card backlogs

About TaxACT

TaxACT is the pioneer of totally free federal tax preparation software and online services. Dedicated to providing taxpayers with a complete Web-based tax resource for more than a decade, TaxACTOnline.com is the 2nd most visited destination for tax preparation services.¹ Designed by CPAs, accountants, and seasoned software programmers, TaxACT makes preparing taxes electronically possible for everyone for little to no-cost – no restrictions, no fine print.

About 2nd Story Software, Inc.

2nd Story Software, a privately held company founded in 1998, is critically acclaimed as being a leader in developing and marketing affordable tax preparation software and Web-based services directly to consumers. The comprehensive suite of TaxACT products continues to empower its users to devise well-informed tax strategies with ease, while looking out for the cost-conscious. More information regarding the TaxACT product line may be found by visiting www.TaxACT.com.

TaxACT® — Your year End Tax Planning Guide

Thu, 09 Oct 2008 20:29:08 GMT

Create Your Tax Savings Strategy Fast and Free with TaxACT® 2008 Preview Products

Cedar Rapids, IA – October 01, 2008 — 2nd Story Software, Inc., developers of TaxACT® software and pioneer of free federal tax preparation software and services for more than a decade, announces the immediate release of TaxACT® 2008 Preview products – now available through December 31, 2008.

TaxACT.com is the only Web-based tax planning and preparation solution to offer taxpayers a year-round solution – providing up-to-date insight to complex tax laws, planning opportunities, and potential pitfalls to avoid based on recent tax law changes and pending legislation before Congress. As part of a comprehensive tax planning strategy, taxpayers can use TaxACT Preview Editions (Standard or Deluxe) at no-cost to forecast their federal and state income tax refund or liability amounts.

TaxACT Preview Editions outline tax-savings strategies tailored to your personal tax situation, which can be implemented prior to the end of the year - helping you to save money on your taxes. Both Standard and Deluxe Editions include complex forms, such as forms for Business Income, Capital Gains, Rental Property, Itemized Deductions, Depreciation, and much more. Additionally, consumers can choose between two platforms: TaxACT Online (over-the-Web) or TaxACT software (a download file that installs to your hard drive).

Backed by a 100% Accuracy Guarantee, TaxACT Standard is completely free to taxpayers who want to prepare, print and e-file a personal 1040, 1040A and 1040EZ federal income tax return. Whether you claim the standard deduction or use the Deduction Examiner™ to ensure the biggest refund possible, TaxACT Standard's straightforward language, extensive reference tools, and auto-check for completion make preparing taxes online fast, easy and reliable.

The TaxACT Deluxe Online Edition, normally $ 9.95 when you choose to print or e-file a federal return, is packed with addition help and guidance – now just $7.95 for those who register and take advantage of TaxACT's Early Bird Special.

Deluxe Preview is a powerful tax planning service that enables taxpayers the ability to easily perform end-of-year tax planning for both their federal and state taxes with the TaxACT State Planner feature. Other Deluxe-only features include access to: a College Student Financial Aid Worksheet, additional calculators and reports, as well as more in-depth help features and guidance systems including: Donation Assistant™, a non-cash donation calculator powered by "MONEY - For Your Used Clothing"™ and TaxTutor Guides powered by America's all-time best selling tax guide, J.K. Lasser's™ "Your Income Tax Guide" by John Wiley & Sons, Inc.

About TaxACT

TaxACT is the pioneer of totally free federal tax preparation software and online services. Dedicated to providing taxpayers with a complete Web-based tax resource for more than a decade, TaxACTOnline.com is the 2nd most visited destination for tax preparation services.(1) Designed by CPAs, accountants, and seasoned software programmers, TaxACT makes preparing taxes electronically possible for everyone for little to no-cost – no restrictions, no fine print.

About 2nd Story Software, Inc.

(2) According to month-by-month aggregate data contained in Hitwise® audience measurement week end-reports for the Business & Finance - Accountancy Category, which details the traffic share of the top tax software titles during the 2004, 2005, 2006 and 2007 primary tax seasons, TaxACT Online ranked second in the percent of traffic it received as compared to other Web-based tax preparation services monitored. More information regarding Hitwise may be viewed by visiting www.Hitwise.com.

2nd Story Software, Inc., company and product logos, TaxACT and TaxACT Online, among others are registered trademarks of 2nd Story Software. Other party trademarks are the property of their respective owners and should be treated as such. Prices are subject to change without any prior notice. As a practical note, taxpayers are encouraged to consult a legal or tax professional when in doubt. TaxACT provides general guidance and not legal or specific tax advice. Information in this release has been verified as of October 1, 2008. More information regarding TaxACT's 100% Accuracy Guarantee may be found at http://www.taxact.com/company/company_aguarantee.asp.

TaxACT® Announces the Launch of It's Store on Amazon.com

Wed, 30 Jan 2008 20:21:28 GMT

Cedar Rapids, IA – January 23, 2008 – 2nd Story Software®, Inc., developers of TaxACT® and pioneers of totally free federal tax preparation software, announces the launch of its online store on Amazon.com for the 2007 tax season.

With the number of tax preparation software options available, consumers can become overwhelmed when trying to decide which option is going to best meet their needs. Amazon customers shopping TaxACT's Amazon Store will benefit from having a single online destination to research their options prior to purchasing tax software. By TaxACT becoming an Amazon merchant, more consumers can become familiar with the value and added ease TaxACT provides - including a completely free tax software option(1) TaxACT Standard.

About TaxACT

Dedicated to providing consumers with a complete Web-based tax resource for a decade, TaxACTOnline.com is the 2nd most visited online destination for tax preparation services.(2) Designed to make preparing taxes electronically possible for everyone for little to no-cost, TaxACT was the first to offer free federal electronic tax preparation, printing and electronic filing services directly to all American taxpayers.

About 2nd Story Software, Inc.

2nd Story Software, a privately held company founded in 1998, is critically acclaimed as being a leader in developing and marketing affordable tax preparation software and Web-based services directly to consumers. The comprehensive suite of TaxACT products continues to empower its users to devise well-informed tax strategies with ease, while looking out for the cost-conscious. More information regarding 2nd Story and the TaxACT product line may be found by visiting www.TaxACT.com.

(1) Shipping and Handling fees may apply. (2) According to collective week end-reports released by Hitwise™ during the 2004, 2005, 2006 primary tax seasons, TaxACT Online ranked second in the percentage of traffic it received as compared to other monitored Web-based tax preparation services. More information regarding Hitwise may be viewed by visiting www.hitwise.com.

2nd Story Software, Inc., company and product logos, TaxACT and TaxACT Online, among others, are registered trademarks of 2nd Story Software. Other party trademarks or service marks are the property of their respective owners and should be treated as such.

As a practical note, taxpayers are encouraged to consult a legal or tax professional if in doubt. TaxACT provides general guidance and not legal or specific tax advice.

New TaxACT® 2007 – Here to Help You Do Your Taxes!

Tue, 08 Jan 2008 16:25:04 GMT

Cedar Rapids, IA – January 8, 2008 – 2nd Story Software®, Inc., developers of TaxACT® and pioneers of totally free federal tax preparation software, announces the release of TaxACT Standard and Deluxe Editions for the 2007 tax season. Taxpayers using TaxACT Standard can prepare, print and e-file their federal return today for free. For the fastest refund, TaxACT customers who opt to use direct deposit and e-file can rest easy knowing no other method will help them to get a faster tax refund - in as few as 8 days.(1)

"TaxACT Standard continues to be a value leader in tax preparation software for taxpayers – making it free for everyone to prepare, print and e-file a federal return. This season our principal focus for improving TaxACT Deluxe reflects our desire to deliver a total tax solution. For the Deluxe Edition, we've expanded life event help topics and incorporated additional guidance and search features - giving taxpayers a greater ability to prepare their own tax return with ease." says Lance Dunn, CPA and President of 2nd Story Software, Inc.

"No matter how comprehensive we believe TaxACT's design to be, some taxpayers will have more in-depth, very specific tax questions – unique to their tax situation. Our solution is one-on-one tax help provided by our in-house tax experts who stand ready to provide taxpayers with the guidance they need to file their return with confidence. Our new TaxPayer Support^TM service offers tax guidance for both federal and state issues." (2)

TaxACT users have the added assurance of knowing that TaxACT's TaxPayer Support is not governed by the time it may take to answer a question or by limiting the number of questions users may ask. No other leading tax software package offers unlimited tax help to its customers at no additional cost – making this a unique and revolutionary feature.

TaxACT 2007 Products

Both Standard and Deluxe Editions include complex forms, such as forms for Business Income, Capital Gains, Rental Property, itemized deductions, depreciation, and much more.

TaxACT State Editions fully integrate with the Standard and Deluxe Editions, ensuring that the data from your federal forms automatically transfers onto state forms – saving time and reducing the opportunity for mistakes.

TaxACT 2007 Standard

The pioneer of totally free federal tax-preparation software and online services, TaxACT Standard is free of restrictions. All American taxpayers can use TaxACT Standard to prepare, print, and e-file a federal return completely free-of-charge at www.TaxACT.com. TaxACT Standard includes the forms, schedules and worksheets filers need to prepare 1040, 1040A and 1040EZ Individual Income Tax Returns. With its user-friendly, interview-like format, TaxACT is designed to make tax preparation fast, easy and reliable by providing extensive reference tools and automatic alerts that meticulously inspect returns for errors, incomplete information and omissions.

TaxACT 2007 Deluxe

TaxACT's Deluxe Edition provides access to more in-depth help and support features, advanced calculators, reports, extra advice and guidance systems. Some new features exclusively available in Deluxe 2007 include:

New! TaxACT TaxPayer Support. Doing your taxes is stressful - especially when you're stumped by a tax question. Many do-it-yourselfers need the guidance of a tax specialist to walk them through a specific tax situation. Via phone or e-mail, TaxACT TaxPayer Support provides Deluxe and State purchasers access to a highly qualified panel of TaxACT experts at no additional cost.
Enhanced! Life Events Guidance. Life can turn on a dime. Get the direction you need to manage the events that have an impact on your unique tax situation. Pinpoint the deductions and credits you're eligible to receive this tax season with even greater precision while spending less time preparing your tax return. This season, TaxACT expands its guidance and tax consequences for 15 major New Life Event categories, including: Bankruptcy, Child Care Expenses, Community Property Sales, First Job/First Time Filing, Foreclosure/Abandonment, Foreign Nationals, Hosting an Exchange Student, Major Illness, Military, Multiple State Filings, Non-business Bad Debt, Purchase A Vehicle, Received an IRS Notice, Received Tip Income and Sold A Home.
New! "Learn More" Self-help Feature. Get answers to your questions faster! Help is on the way with the new "Learn More" link on Quick Q&A Topics.

About TaxACT

Dedicated to providing consumers with a complete Web-based tax resource for a decade, TaxACTOnline.com is the 2nd most visited online destination for tax preparation services.(3) Designed to make preparing taxes electronically possible for everyone for little to no-cost, TaxACT was the first to offer free federal electronic tax preparation, printing and electronic filing services directly to all American taxpayers.

About 2nd Story Software, Inc.

2nd Story Software, a privately held company founded in 1998, is critically acclaimed as being a leader in developing and marketing affordable tax preparation software and Web-based services directly to consumers. The comprehensive suite of TaxACT products continues to empower its users to devise well-informed tax strategies with ease, while looking out for the cost-conscious. More information regarding 2nd Story and the TaxACT product line may be found by visiting www.TaxACT.com.

¹(1) In general, the IRS estimates it takes 8-15 days for taxpayers who use e-file and direct deposit to receive their federal tax refund from an accepted tax return. Some IRS processing delays may occur for tax year 2007. (2) TaxPayer Support is available during primary tax season Customer Service hours. As with all products and services, 2nd Story reserves the right to change pricing and service parameters. Depending on the amount of research needed to respond, Tax Support response time may take 24 to 48 hours. TaxPayer Support is available to TaxACT Deluxe and State users via email and phone, and to TaxACT Standard users via e-mail only. (3) According to collective week end-reports released by Hitwise™ during the 2004, 2005, 2006 primary tax seasons, TaxACT Online ranked second in the percentage of traffic it received as compared to other monitored Web-based tax preparation services. More information regarding Hitwise may be viewed by visiting www.hitwise.com.

As a practical note, taxpayers are encouraged to consult a legal or tax professional if in doubt. TaxACT provides general guidance and not legal or specific tax advice.