Quicken and Turbo pro series for a tax professional is software developed in America. It is widely used in financial, tax preparation and related services for small business, accountants and individuals. It is designed for tax experts, who file at least fifty bank product tax returns each period and prepare a huge volume of electronically- filed tax returns.
Answer 1
Registering account is defined as registering the business reports with the tax professional software. Registering a report or organization brings many advantages such as international profiling, direct statement access by the stakeholder and benchmarking against peers. Any statement that is issued by the company also enjoys a global audience. Example of commonly registered article is a statement of corporate responsibility practices issued by a company. Answer 2
An itemized category report indicates all the transactions over a period in preferred categories. It is used by for reviews and for tax evaluation. An itemized categories report shows all the transactions in a chosen categories over a given time. An item that is found in itemized category article is the entries in expenses categories. Example of item found in itemized categorized article is the expenses list.
Answer 3
It is a financial statement that sums up the revenues, costs and expenditures incurred during a period - usually a financial year. These records supply data that show the capacity of a business to produce profit by increasing income and reducing expenses. Example of items found in financial statement is total revenues and expenditures.
Answer 4
This is a way of presenting data in a pie graph, which is a circular circle divided into sectors. Each category take a given proportion of the total. It is mostly used for data that have totals with categories, like a budget. It is usually used where direct comparison of data of various categories is needed. The expenditures, revenues, are among the examples of item found in a pie graph.
Answer 5
Quicken enables the Company to generate income and expense evaluation reports in the form of a bar chart, providing an evaluation of information in an easy-to-read graph. Bar chart can be customized to with date ranges, accounts, and any of the categories that can be tracked with any business management software. Items found are, expenses and profits. Answer 6
This is a United States income tax form, used by taxpayers, to report itemized tax deductions, which can aid to reduce a person's federal tax responsibility. Outflows that can be itemized and claimed on the body include health check and dental expenses, amounts paid for taxes and interest expenses as well as losses due to burglary. The general item found on this list is the medical bills and insurance payments.
Answer 7
Schedule B accounts the interest, and surplus income one receives during the tax year. However, is not necessary to attach a Schedule B every year one earns interest or dividends. It is only required when the full amount exceeds set limits. In 2013, for example, a Schedule B was only needed when one received more than $1,500 of chargeable interest or dividends.
Answer 8
This is a form filled by self-employed people with the internal Revenue Service (IRS) to report how much money made or lost in the market. Schedule C is used to detail profits or losses made by sole proprietorships. This is to enable the authority determine the taxable income. The gross profit, expenses, are among the item found on the Schedule C.
Answer 9
The Form W 2 Wage and Tax Statement are used to account wages paid to workers and the taxes withdrawn from them. Employers must complete a Form W-2 for each worker to whom they pay income, salary, or other reward as part of the service relationship. This helps in the evaluation of the taxable income. Items found include income and allowances.
Answer10
This are the details of the person; that is the addresses the current and permanent location, email address among others. The access time, e.g., when one is eligible to access web registration systems and primary advertising information including the existing standing, majors, accomplished hours, etc. Names, contacts and work experience of the client are examples of item found in the information sheet.
Answer 11
This is an individual retirement plan that provides tax advantages for retirement savings. This worksheet is used to report yearly tax information on the activity of an Individual Retirement Account (IRA) for a taxpayer. It can also refer to the activities carried out by an account of taxpayer's spouse in a year. The report does not present previously reported information already that has been entered into the worksheet for Form 1099-R. Total income is among the item found in this category.
Answer 12
These are tax payment worksheet that helps one to calculate the tax payable to the federal government. It is used to give the estimates of the tax one can pay depending on the amount earned. The rate of tax per every amount earned is an item found in the tax payment worksheet.
