Federal Planner/Estimate helps tax departments determine their federal tax liability and assists in corporate tax planning strategies. The system assists in preparing budgets for future taxes, tests the impact of proposed audit adjustment, determines the multiyear effect of an amended return, calculates current tax liability on a multiyear basis and analyzes proposed major transactions.

Below is a list of a few key benefits of our Federal Planner/Estimate tax planning software. Click here for a full list of product benefits and features.

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.

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.

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, showing the interrelationships among years in terms of carrybacks and carryforwards. As a result, any unutilized tax assets are identified by amount, type and year.