Benefits

Title

Benefit Details

Federal Tax Liability

Federal Planner calculates federal income tax from a multiyear perspective, instantly accounting for carryovers and carrybacks of NOLs, capital losses, charitable contributions and credits. The AMT is fully supported, including the AMT NOL, the Minimum Tax Credit and multi-basket Foreign Tax Credit.

Annualized Income and Adjusted Seasonal Installment Methods

If your income is expected to vary during the year or you operate on a seasonal basis, Federal Estimate can determine whether or not you qualify for adjusting your required installment amounts. If you qualify, it then calculates the lower payment(s) based on the company's base period percentage.

Valuation Allowance Analysis

Federal Planner performs the complex valuation allowance analysis quickly and accurately. After calculating all years, a special schedule determines whether any tax benefits expire before they are utilized. Federal Planner then computes the tax effect of these unutilized benefits and allows you to view the impact of potential tax planning strategies instantly.

Extensive Reporting Capabilities

The Valuation Allowance and Federal Planner reports present calculations for a single company or group of companies on a year-by-year basis. As a result, any unutilized tax assets are identified by amount, type and year.