dynamic tax return

Information is only valuable if it is accurate and relevant

01 Layout

02 CONCEPT GENERATOR

03 TIMELINE

ETA JUNE 2020 

DYNAMIC TAX RETURN - PHASE ONE

 For this launch, we intend to launch a generalized draft return. This will include: 

  • First 5 pages of the 1065 (excluding Schedule L, M-1, M-2)

  • First 5 pages of the 1120s (excluding Schedule L, M-1, M-2)

  • First 5 pages of the 1120 (excluding Schedule L, M-1, M-2). Schedule C and J will be left blank as it does not apply to most of our clients

  • Form 1040, including Schedules A, B, C, E, F, SE, EIC, CTC. All other schedules will be launched in subsequent updates. 

TO BE DETERMINED

DYNAMIC TAX RETURN - PHASE TWO

This update will including additional Federal Tax Compliance Forms.

This will include but not limited to:

  • Schedule L, M-1, and M-2 for 1065, 1120s and 1120 filers. 

  • Computation for depreciation schedules. 

  • Alternative Minimum Tax 

  • QBI Phaseouts

  • Social Security Cap and Additional Medicare Tax 

  • Passive Activity Loss limitations 

 

TO BE DETERMINED

DYNAMIC TAX RETURN - PHASE THREE

This update will include ad hoc federal forms, that may be needed implement generation of State Tax Forms in most populous states (Such as California and New York). 

TO BE DETERMINED

DYNAMIC TAX RETURN - PHASE FOUR

This update will be long term to build out the relevant State Forms.

We will begin with our most populous States such as New York and California, and expand to other states as relevant.