A Variety of Tools to Meet Multiple Client Needs

ToolBox CS has the necessary tools to handle your clients' individual needs with speed and precision. For example, when you need to know if a client qualifies for a particular tax credit, you can simply follow the built-in flowchart and print the results, which will help you explain the situation to your client in an easy-to-understand manner.

Below is a sample of the dozens of calculators and other tools available.

Calculators

• Business Calculators—Buying vs. Leasing - Equipment, Economical Order Quantity, Gross to Net Paycheck, Hiring Your Dependent Child, Qualified Farmer Determination for Estimated Tax
• Retirement Calculators—401(k) vs. Roth IRA, Accumulated IRA Savings, Combine Multiple Retirement Accounts, Convert Regular IRA to Roth IRA, Retirement Income Planner, Tax Sheltered vs. Taxable Investment
• Other Investment Calculators—Future Value of Investments, Health Savings Account Evaluator, Investment Needed to Achieve Goal, Monthly Investment Accumulation, Present Value of a Series of Payments, Present Value of Annuity, Present Value of Future Amount, Years to Become a Millionaire
• Mortgage Calculators—Monthly to Bi-Weekly Loan Conversion, Mortgage Comparison, Pay Points on Mortgage, Qualify for Home Purchase
• Other Loan Calculators—Custom Loan Payment Schedule, Effect of Lump-Sum Payment on Loan, Record of Loan Payments and Rate Changes and Standard Loan Payment Schedule
• Personal Finance Calculators—Before and After Tax Rate of Return, Buying vs. Leasing – Auto, Buying vs. Renting – Home, Estate Tax, Marginal Tax Rate – 2007 & 2008

U.S. Government Forms

• 56—Notice Concerning Fiduciary Relationship
• 433-F—Collection Information Statement
• 656—Offer in Compromise
• 966—Corporate Dissolution or Liquidation
• 982—Reduction of Tax Attributes Due to Discharge of Indebtedness
• 1310—Statement of Person Claiming Refund for Deceased Taxpayer
• 7004—Application for Automatic 6-Month Extensions
• 8300—Report of Cash Payments Over $10,000 Received
• 8809—Application for Extension of Time to File Information Returns
• 8857—Request for Innocent Spouse Relief
• SS-5—Application for Social Security Card
• TD F 90-22.1—Report of Foreign Bank and Financial Accounts
• W-7—Application for IRS Individual Taxpayer ID Number
• Sixty-one federal forms in all.

Flowcharts

• Determination of Filing Status
• Qualifying Child
• Qualifying Relative for Dependency Deduction
• Business Use of the Home (IRS Publication 587)
• Child Care Credit – Who Qualifies? (IRS Publication 17)
• Children's Income on Parents Return (IRS Publication 17)
• Credit for the Elderly or Disabled (IRS Publication 17)
• Is Your Excess Medical Reimbursement Taxable? (IRS Publications 17 and 502)
• Mortgage Interest: Deductible (IRS Publication 17)
• Moving Expenses (IRS Publication 17)
• Who is Eligible for the Hope Credit? (IRS Publication 970)

Office Documents

A variety of office documents are available, including contact log sheets, fax cover sheets, invoices, memos, missing information sheets, statement of accounts, and to do lists.

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