TaxACT Offers Free Federal and State E-Filing for Small Business Tax Returns

CEDAR RAPIDS, IA--(Marketwired - Jan 13, 2014) - TaxACT®, a leading provider of tax preparation solutions, is now submitting small business returns e-filed through its download and new online programs to the IRS.

TaxACT has been accepting e-filed partnership, corporate and multi-member LLC returns since January 6 and began submitting returns as soon as the IRS opened its doors.

Online versions of federal 1065, 1120S and 1120 programs debuted in October when TaxACT released Preview versions of online and download solutions for small businesses, professional preparers and individuals. TaxACT Online returns can be accessed from any browser, allowing users to prepare, print and e-file anytime, anywhere.

In addition to federal 1065, 1120S and 1120 solutions, TaxACT supports 33 states and e-file for 26 states.

After e-filing, TaxACT notifies business owners when returns are received and processed by the IRS and state. The status of e-filed returns is also available 24/7 at efstatus.taxact.com and with TaxACT Central, a free companion mobile app.

"You got this" with TaxACT's expert tools and resources
TaxACT's interview provides step-by-step guidance, asking easy questions about business income and expenses. "Small business owners know their business better than anyone, putting them in a perfect position to do their own taxes," said TaxACT President JoAnn Kintzel. "The same confidence they had to open their small business is all they need to conquer their taxes. Answer simple questions about your business, and let TaxACT's expert program do the rest, including maximizing your deductions."

To save time and minimize data entry errors, TaxACT offers several imports, including last year's return, trial balance reports, and investment transactions from several brokerages or CSV (comma separated values) files. The program also includes fast entry tools for Schedules K-1, M-3, and L data, Form 4562, and investment information.

Additional accuracy and time-saving features include:

• Automatic allocation and updating of Schedule K-1 items as income, deductions and credits change in 1065 and 1120S programs
• Depreciation reports for current and next year
• Schedule K-1 import from TaxACT 1065 or 1120S into TaxACT Deluxe (1040)
• TaxACT Alerts checks for errors, omissions and tax savings opportunities
• Personalized tax, technical and audit help available every step of the way in the Answer Center, online, by email and via phone

High value, low prices
Also acclaimed for the value of its individual and professional preparer solutions, TaxACT 1065, 1120S and 1120 solutions are priced much lower than other brands -- $44.99 per federal return, and $19.99 per state return. Prices include preparation, printing and e-filing.

For maximum savings on small business and personal taxes, TaxACT offers download Home & Business Bundles. Each bundle includes one federal business edition, Deluxe 1040 and one State 1040 Edition for $59.99, a savings of over 15 percent. State business editions are offered separately.

Free IRS returns for sole proprietors, self-employed and single-member LLCs
TaxACT offers a free federal solution for sole proprietors, self-employed, single-member LLCs. TaxACT Free Federal Edition has all e-fileable forms, including Form 1040 and Schedule C. Free Edition guides users to all their deductions and credits with an easy, step-by-step interview and personalized help.

For more information about TaxACT's easy, fast and affordable solutions for small business owners, visit www.taxact.com/business-returns.

About TaxACT
TaxACT is the critically acclaimed leader of affordable digital and download tax preparation solutions for consumers, business owners and tax professionals. In the 2005 tax season, TaxACT became the first to offer free federal tax software and e-file to all U.S. taxpayers. Since 2000, TaxACT has assisted with more than 45 million e-filed federal returns. TaxACT is a business of Blucora, Inc. (NASDAQ: BCOR). Learn more about TaxACT at www.taxact.com and www.taxact.com/press.

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Jessi Dolmage
TaxACT Public Relations
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