Tax modules that prepare federal and state returns and tax planning modules for corporations, partnerships, individuals, and estates and trusts. A microcomputer-with its ability to store large amounts of data that can be manipulated at tremendous rates of speed-performs many of the mechanical and repetitive tasks involved in income tax return preparation. For example, Turbo Tax prepares individual, corporate, partnership, fiduciary, and deferred compensation tax returns. Tax-planning software essentially performs spreadsheet what-if tax scenarios.
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