Pricing---FREE--Pay nothing in advance for the 2008 full year income tax calculator, Safe Harbor Calculator and first quarter Annualized calculator, and only $18 to register for 2nd, 3rd and 4th quarter AI computations and update and revision notification. Use it to check your other tax program,
calculate your 1040, and/or estimate your current year's taxes before your regular tax program is available.
The QITC program includes 2008 rates and constants. You'll find this QITC program perfect for those "what-if" situations and/or estimating year 2008 income taxes including the exercise and/or sale of ISO options as they impact the AMT.
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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.
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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.
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Stop making interest free loans to the IRS.
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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.
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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.
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Ideal layout for accepting the output from financial programs without having
to input all the details.
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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.
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Calculates the penalty (in case you didn't follow our advice).
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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.
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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.
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Uses the "safe harbor" method if it is lower and displays it separately
for comparison.
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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.
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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.
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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.
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Free revisions for each year if the IRS changes their forms and rates or
if we provide calculations for more supporting forms.
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