CCH CompleteTax® Offers Time-Saving Features for Fast, Easy Online Tax Filing
Taxpayers Can File Both a Federal and State Return for Low
Price of $29.95
(TORRANCE, CALIF., January 16, 2004) – As taxpayers gear up for what
promises to be an even more complicated tax season given the hundreds of recent
changes to the tax code, CCH INCORPORATED’s CompleteTax (www.completetax.com)
is ready to help guide them through the process of preparing both their federal
and state tax forms, calculate their returns and electronically file them –
quickly and with one of the best values in federal and state solutions on the
CompleteTax, which went live today for the 2004 tax return season, taps
CCH’s market-leading tax law information and software expertise to provide one
of the most comprehensive, easy-to-use, online tax preparation and electronic
filing solutions. The product is offered by the same CCH tax and software experts
who develop ProSystem fx® Tax, the leading tax preparation software for
tax professionals. It also includes an online tax guide produced by the tax
and financial experts responsible for the CCH Toolkit Tax Guide 2004™, CCH’s
authoritative print reference for individual and small business taxpayers.
Additionally, in partnership with CCH GainsKeeper, the leading tax-lot accounting
service, CompleteTax offers individual investors a means for automating
completion of complex Schedule D calculations – a feature that could prove particularly
useful to taxpayers trying to make sense of the 2003 mid-year change in capital
gains and dividend rates.
"CompleteTax is the solution of choice for ‘do-it-yourself’ filers
seeking a thorough online tax prep and filing tool that remains economical and
easy to use," said Tax and Accounting President Kevin Robert. "We’ve
strengthened the ease of use and depth of expertise built into our product so
that individuals with both simple and complex tax situations can rely on CompleteTax
for fast and accurate completion of their tax returns."
The low CompleteTax price of $29.95 allows taxpayers to file one federal
and one state tax return.
"The value cannot be matched," said Robert. "No similar product
on the market delivers the authority, ease of use and dependability at such
a great price."
Easy Navigation and Format Makes for Fast Completion
With an improved layout and easy-to-follow instructions, CompleteTax
is easier to use than ever. CompleteTax customizes itself based on responses
to simple interview questions, so filers only need to enter information relevant
to their tax situation. CompleteTax then selects the appropriate forms
– from Schedule A to Form 1040EZ and hundreds of other state and federal tax
forms and schedules, as well as worksheets. The tool then performs the necessary
calculations, automatically checks for mistakes and oversights and, new for
2004, provides the taxpayer with direct links to the potential problems for
easy, real-time correction.
After the taxpayer has reviewed and approved the completed return, CompleteTax
can electronically file the return with the IRS and the appropriate state tax
agency. CompleteTax supports electronic filing for all 44 states that
allow it. Taxpayers also can choose to print and mail their returns if they
prefer. CompleteTax also saves taxpayers’ returns on its secured servers
and allows them year-round access to print their prior year’s tax return for
With CompleteTax, taxpayers can start and finish their return at their
convenience and, because CompleteTax is fully web-enabled, taxpayers
can access and complete their entire return online from any computer with Internet
access without having to download software to their own computers.
Extensive Tax Reference Tools and Support
Along with context-sensitive help on every page of the interview questionnaire,
CompleteTax’s new Help Center combines all help features in a single
convenient location, including navigation aids such as "where do I enter",
a glossary of tax terms and expanded frequently asked questions. Online technical
support is offered both through email as well as via a real-time chat room for
on-the-spot support. A nominal fee is required for chat support.
New for 2004, CompleteTax includes State Tax Resource pages for each
state, offering taxpayers easy access to answers to any questions they may have
about their particular state tax return.
From the Help Center, taxpayers also have fast access to the easy to understand
and fully searchable online Tax Guide. The Help Center also includes a comprehensive
set of worksheets and tables to help individuals complete their returns, as
well as a portfolio of financial calculators and tools that can be used throughout
the year to help taxpayers with a variety of personal finance issues, including
evaluating investment, home financing, personal financing and retirement options.
Automating Schedule D for Investors
Taxpayers can choose to use CCH GainsKeeper (www.gainskeeper.com)
to automate capital gains and loss calculations, including cost-basis adjustments
such as wash sales and corporate actions (e.g., stock splits, mergers and spin-offs).
Additionally, GainsKeeper automatically accounts for the mid-year reduction
in long-term capital gain rates that requires taxpayers to separately identify
long-term gains and losses realized after May 5, 2003. GainsKeeper calculates
the investor’s gains and losses and creates the completed Schedule D, which
can easily be imported into CompleteTax for inclusion with the rest of
the user’s tax preparation data. A one-year subscription to GainsKeeper starts
for as little as $49.
Fast Refund Options
As an authorized IRS e-File provider, CompleteTax makes e-filing fast
and easy. Taxpayers can get their refunds even faster using CompleteTax’s
automatic direct deposit option, which can provide refunds within two weeks
compared to the six weeks it can take to receive a refund from a mailed return.
Taxpayers owing income tax also have the option of paying the balance due via
credit card. Those filing electronically can also pay the balance due on their
federal and select state taxes via direct payment from their bank account.
Pricing and Availability
CompleteTax is available immediately to prepare and process 2003 tax returns.
The total cost for calculating, preparing and e-filing/printing
both the federal and state returns is $29.95. New for 2004, taxpayers
can elect to deduct the processing fee for CompleteTax from their federal
refund rather than pay via credit card.
* Free Preparation and E-Filing for CCH Toolkit Tax Guide 2004 Buyers
– Taxpayers will especially benefit by using CompleteTax in conjunction
with the CCH Toolkit Tax Guide 2004 print reference (available online
at www.toolkit.cch.comand through
major booksellers beginning January 2004). Buyers of the book can also file
both a federal and state return through CompleteTax at no charge.
* Free Filing for Low Income Taxpayers – CCH is a member of the Free
File Alliance and is participating in the IRS initiative to make free online
tax preparation and electronic filing services available to 60 percent – or
78 million – individual taxpayers. As part of this initiative, qualified low-income
individuals will be able to use CompleteTax to both prepare and file
their tax returns at no charge.
About CCH INCORPORATED
CCH INCORPORATED, headquartered in Riverwoods, Ill., was founded in
1913 and has served more than four generations of business professionals and
their clients. The company produces more than 700 electronic and print products
for the tax, accounting, legal, securities and small business markets. CCH is
a Wolters Kluwer company. The CCH Federal and State Tax group, CCH Tax Compliance
and Aspen Publishers Tax and Accounting group comprise the new CCH Tax and Accounting
unit. The unit’s web site can be accessed at tax.cchgroup.com.
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Editors Note: Members of the press interested in accessing CompleteTax
for review should contact Mary Jung at email@example.com;
or Leslie Bonacum at firstname.lastname@example.org.