Fast data entry and import tools

Save time and minimize data entry errors by importing key data from last year’s tax return. Plus, enter data directly into forms or use quick entry methods for M-3, 4562, K-1, and Schedule L information.

Automatic partner/shareholder allocation

Your Schedule K-1 items automatically allocate and update as business income, deductions, and credits change. Once complete, Schedule K-1 data can be imported into your personal TaxAct return.

Capital gains summary

Capital gains can be confusing, especially as your portfolio grows, and keeping track of all your transactions can be taxing. TaxAct's Capital Gains Summary makes comparing your short and long-term brokerage statement to your tax return fast and easy.

Step-by-step guidance to maximize business deductions

We’ll walk you through a broad range of business expenses to help you accurately report and maximize your deductions.

Accounting records import

Easily import your Trial Balance Report, in .CSV format, from your bookkeeping software. Once imported, make any necessary adjustments, and TaxAct will transfer to the appropriate lines.

Security is a top priority

We utilize security technology and monitoring processes, and we partner with the IRS to protect your personal information.

Editions for all 1120S states

TaxAct supports every state that requires Form 1120S S Corporation income tax returns.