. You'll find this QITC program perfect for those "what-if" situations and/or estimating year 2009 income taxes including the exercise and/or sale of ISO options as they impact the AMT.

• It is amazing the favorable effect any deduction or carryover has on Annualization of first quarter taxes. Each non-reoccuring deduction made in the first tax quarter, such as an IRA deposit or a net Capital Loss, or paying your property taxes in January, or NOT taking your minimum IRA withdrawal is deducted in full from first quarter other income. It is then multiplied by 4 to compute annualized tax. In contrast, the 90% of current year's tax "safe harbor" (actually an unsafe guess) takes these deductions from ANNUAL income. Using the AI Method could easily reduce your first quarter installment to less than 1/4 of last year's taxes, or even defer it entirely. Click here for more on this. 2009 will be an ideal year to use this program because not only the $3,000 capital loss carryover gets annualized but most of the new Deductions and Credits are probably fuly earned in the first quarter, generaly reducing your taxes in 2009. The AI Method magnifies these Deductions by 4, drastically reducing your first and other early installments.  

 
• Stop paying penalties for underpayments. The QITC program computes the minimum payment on any safe harbor or the Annualized Income Method to avoid any penalties.

 
• Stop making interest free loans to the IRS.

 
• Input your data directly to the numbered lines of the 1040, Schedule D and A and other credit, tax and deduction forms and worksheets we calculate, and enter your tax status, carryforwards and AMT adjustments.  Everything else is calculated for you and displayed as you would enter it on all the forms and worksheets. 

 
• No supporting detail is necessary.  The spreadsheet accepts your line totals, or you can enter individual items for each 1040 line, or construct your own custom input cells for just your personal items of income and deductions, taxes, credits, etc.

 
• Ideal layout for accepting the output from financial programs without having to input all the details.

 
• Calculates the AMT, TMT, Child Tax and Educational Credits, Schedule D Tax, Schedule A, including Sales Tax Tables, and high income limitation,  multiple businesses, self-employed Social Security Tax and the health insurance deduction, taxable Social Security, and for any tax status. Accepts any "Other Taxes", any credit, makes proper credit limitations, accepts all 6251 (AMT) adjustments and provides additional Schedules D for AMT adjusted lines.  You can make an adjustment entry for anything the QITC hasn't done.

 
• Calculates the penalty (in case you didn't follow our advice).

 
• Calculates and displays lines of Forms 1040, 2210, 2441,3800, 4952, 4972, 6251, 8615, 8801,8812, 8814, 8853, 8863, 8880, 8889,Schedules A including State Sales Tax deductions and Phase-outs, D and H, and worksheets, all calculated quarterly to support  your minimum installments, and for your final return.

 
• Provides "toggles" to enter or restrict current year's tax from Form 2210 calculations, and  averages withholding or applies it when it's deducted for the maximum reduction of installment payments or to develop late-year withholding strategies.  Separate "toggles" for W-2 and 1099 withholding.  Instantly see the affect on every installment.

 
• Uses the "safe harbor" method if it is lower and displays it separately for comparison.

 
• Provides corresponding year-end input cells for 1099, K-1 and W-2 information in order to check your quarterly input, check against your tax program, or compute your own final 1040.  Displays the difference between your quarterly totals and final totals, item by item on all worksheets and forms.

 
• Unlimited multiple clients' returns for preparers that Zip to less than 150K each and can be saved to disk, floppy, FAXed, e-mailed, or printed.

 
• Free technical support on the Internet. For a program that will do all that expect it to look complicated, but you can just ignore all the lines, forms and worksheets that don't apply to you. Use your last year's 1040 as a guide to which entries you need this year, type in the cumulative totals and we do all the calculating for you, displaying every line of every form used.

 
• Free revisions for each year if the IRS changes their forms and rates or if we provide calculations for more supporting forms.

Excel 97 or later for Windows;  2 meg free disk space;

Download the free Excel file to the right---> 
 

Then, to register send your check to the below address, or by Credit Card enter your order by secure transaction below indicating the item QITC09 in the "description" field. Then, with either method, confirm the program you ordered in an e-mail to edcosoft@sbcglobal.net and we will return your e-mail with unlocking instructions to convert the file to a full program.
 
   

Click here to download a FREE 2009 tax and 1st  quarter calculator of the QITC Program. When prompted, SAVE the file to a directory you can remember. Then go to that directory and open QITC09.xls in Excel. . 

There's about a 30 second delay in the download. There are no Macros nor external links in our program.

Now this FREE file will calculate your full year taxes or just the April 15th Installments for 2008 or 2009 using IRS Form 2210 Schedule AI calculations, and/or all the Safe Harbors and all the forms' documentation.   Try it!  It's about 2 megs and downloads in less than a minute.  If you don't want it,  just delete the file.
Register the file to calculate all 4 quarterly installments as they come due in the current year.