TaxWise

TaxWise is a tax preparation software package designed for professional accountants and tax preparers. It provides tools to prepare, review, and file tax returns for individuals, corporations, partnerships, and nonprofit organizations. The software typically includes a forms library covering federal and state income tax forms, built-in calculators and error-checking, document management, and client data handling. It also offers electronic filing (e-file) capabilities with tax authorities, reminders, and reporting to support practice management.

Deployment and usage: TaxWise is usually installed on Windows-based systems and distributed under a licensing model to tax firms and independent preparers. It integrates with client databases, enabling secure storage of client information, prior-year data imports, and the generation of printable or electronic return packages for clients. Some versions provide integration with payroll, accounting, or practice-management software and offer import/export options and data security features.

Geographic and market scope: TaxWise has been used by tax professionals in various jurisdictions, with feature sets and regulatory updates aligned to local tax law. Availability and specific forms vary by country and regulatory environment. The product competes with other professional tax software suites used by firms of different sizes, including those targeting small practices.

History: TaxWise originated as a professional tax software solution in the late 20th century and has undergone product updates to reflect changes in tax regulations. As with many tax software products, periodic updates are released annually to support current-year tax forms and filing requirements.