Cedar Rapids, Iowa – January 7, 2016 – TaxAct®, the leading provider of affordable do-it-yourself (DIY) tax preparation and filing solutions, today announced final versions of its digital and download software for business tax returns are now available. TaxAct Business Editions are up-to-date with finalized tax forms, laws and business extenders, the credit for employee health insurance premiums and also include support for all business taxing states for tax year 2015. The company offers the industry's only online business tax preparation solution for corporations and partnerships. TaxAct enables all business owners, including sole proprietors (Form 1040, Schedule C), partnerships (Form 1065), C corporations (Form 1120) and S corporations (Form 1120S), to save money and confidently take charge of their own taxes each year.

"Business owners are best suited to prepare their own taxes because they know their business better than anyone else," said TaxAct President JoAnn Kintzel. "Just like a certified public accountant, TaxAct asks straight-forward questions about income, losses and expenses that business owners can easily answer, while saving money by filing their own returns.”

Easily maximize deductions and credits

TaxAct understands the unique tax challenges associated with owning a business and offers an easy-to-follow Q&A interview to help business owners maximize their deductions and file their taxes with ease and accuracy. By answering simple interview questions, TaxAct automatically calculates and enters data into the appropriate federal and state, if applicable, tax forms. Imports of last year's return and financial records are available to save time and reduce data entry errors.

Additionally, TaxAct Alerts meticulously inspect returns for incomplete information, errors and other savings opportunities.

Support, tools, enhanced security and reporting guidance

With all the forms, features and functionality filers need, business owners can easily take charge of their taxes, regardless of the structure or size of their company. To help them do so, TaxAct 2015 Business Editions include the following:

  • Unlimited customer support – TaxAct provides comprehensive support for all Business customers at no extra charge. Accessible via email or phone, filers can receive one-on-one tax or technical help from TaxAct's team of trained professionals.
  • Tax help & strategies – Answers to common FAQs, as well as money-saving business tips and strategies, are just a click away in the Answer Center and TaxTutor Guidance.
  • Fast e-file status notification – TaxAct e-filing is faster and more accurate than paper filing. E-filers can choose to receive confirmation when the IRS (and state, if applicable) processes a return through a text or email notification.
  • All states supported – TaxAct supports all business taxing states for the 2015 tax year.
  • Even greater security measures – TaxAct Business Editions include added protection from multi-factor authentication, strengthened password requirements, updated security questions and accounts that lock due to inactivity or too many login attempts.
  • Enhanced ACA reporting assistance – Based on answers to a few interview questions, TaxAct 2015 Business Editions provide Affordable Care Act guidance tailored to the employer's specific business. Employers can easily determine what forms need to be completed or when they need to file in order to meet ACA requirements.

Accessible anytime, anywhere and backed by comprehensive guarantees

TaxAct's new mobile-responsive design allows business owners to use a smartphone, tablet or phablet to start and finish their tax return. As more people turn to their mobile devices to complete various tax-related tasks, TaxAct 2015 Business Editions deliver an improved user experience that makes filing anytime, anywhere even easier.

With zero upfront commitments, business filers can conveniently prepare their return entirely worry-free. Payment is only due when they print or e-file completed tax forms, giving business owners an accurate picture of their tax outcome prior to paying TaxAct's affordable prices.

"We know business owners are busy and finding the time to prepare and file their own taxes is often difficult,” stated Kintzel. "Plus, we understand navigating the complexities of tax can be hard. That's why we continue to provide an affordable online tax solution that makes filing business returns as easy and convenient as possible.”

All Business Editions are backed by TaxAct's long-standing guarantees, including its Accuracy Guarantee, assuring calculations on customer returns are correct, and the Satisfaction Guarantee, which provides business filers with a full refund of fees paid if they aren't 100 percent satisfied. The company is also one of the only major online tax software providers to offer a Price Lock Guarantee. Business filers using any of TaxAct's online solutions will pay the price listed for that product at the time they started their return, no matter when they file.

TaxAct 2015 Business Editions help small business owners maximize their deductions and credits at a fraction of the cost of similar DIY tax software providers. Business filers can prepare, print and e-file a 1065, 1120 or 1120S federal tax return for just $49.99* each. State returns are only $19.99 each. Sole proprietors and self-employed individuals who file Form 1040 and Schedule C, pay just $19.99 for each federal return, plus an additional $14.99 for each state return.

*All prices subject to change.

About TaxAct

TaxAct provides the best deal in tax so individuals, business owners and tax professionals can save money on tax preparation. A leading provider of affordable digital and download tax software, the company's mission is to empower people to navigate the complexities of tax and finance with ease and accuracy at a fair price. TaxAct has long-offered a Price Lock Guarantee on its products, ensuring its customers pay the price listed for their selected product at the time they started their return, no matter when they file. TaxAct was one of the top-three visited online tax preparation destinations last tax season1 and has assisted with approximately 60 million e-filed federal returns since 2000. To learn more about TaxAct, a business of Blucora, Inc. (NASDAQ: BCOR), visit www.TaxAct.com or connect with us on facebook.com/TaxAct, linkedin.com/company/taxact and twitter.com/taxact.

Contact

Shaunna Morgan
TaxAct Public Relations
pr@taxact.com
(319) 531-3626

1 According to collective week end reports for taxact.com released by Compete Inc.