TaxACT
Encyclopedia
TaxACT is an America
n tax preparation
software package developed by 2nd Story Software. The predecessor to Tax Act was known as Personal Tax Edge by Parsons Technology. In 1994, Intuit purchased Parsons Technology and Personal Tax Edge. 2nd Story Software was founded in 1998 by employees who previously worked on Personal Tax Edge.
2nd Story Software is a member of the Free File Alliance
, a free federal tax preparation and electronic filing program for eligible individual taxpayers developed through a partnership between the IRS and a group of private sector tax software companies.
In October 2010, H&R Block said it would pay $287.5 million in cash to acquire the parent firm of 2nd Story Software. In May 2011 the Justice Department is attempting to stop the acquisition in an antitrust lawsuit.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
n tax preparation
Tax preparation
Tax preparation is the process of preparing tax returns, often income tax returns, often for a person other than the taxpayer, and generally for compensation. Tax preparation may be done by the taxpayer with or without the help of tax preparation software and online services...
software package developed by 2nd Story Software. The predecessor to Tax Act was known as Personal Tax Edge by Parsons Technology. In 1994, Intuit purchased Parsons Technology and Personal Tax Edge. 2nd Story Software was founded in 1998 by employees who previously worked on Personal Tax Edge.
Overview
TaxACT is available in online and software versions. Online products include Free Edition, Deluxe, and Ultimate. Software versions include Free Edition, Deluxe, Ultimate Bundle, and Home & Business. TaxACT also offers a suite of federal and state software for businesses and professional preparers.2nd Story Software is a member of the Free File Alliance
Free File Alliance
The Free File Alliance is a group of tax preparation companies that have partnered with the Internal Revenue Service to provide free electronic tax filing services to U.S tax payers meeting certain guidelines...
, a free federal tax preparation and electronic filing program for eligible individual taxpayers developed through a partnership between the IRS and a group of private sector tax software companies.
In October 2010, H&R Block said it would pay $287.5 million in cash to acquire the parent firm of 2nd Story Software. In May 2011 the Justice Department is attempting to stop the acquisition in an antitrust lawsuit.