AirPTS 1040 Desktop Professional Tax Software

System Requirements
Hard Drive Space: 1 GB
Memory: 1 GB
Operating Systems: Windows Vista, Windows 7, Windows 8, Windows 10 (Scriptel Signature Pad is not supported on Windows 10)
Check Printing: HP compatible Laser Printer which supports Printer
Control Language (PCL) 6 or higher

In-Depth Calculations
AirPTS 1040 Desktop in-depth tax calculations allow you to prepare the most complicated tax returns with confidence and ease. The following is a list of the various automatic tax calculations performed by AirPTS professional tax software:

• Business use of home for Schedules A, C, E, F, K-1, and Forms 2106/4835
• Consolidated sales of assets
• Child care tax credit
• Earned income tax credit
• Standard mileage vs. actual expenses
• IRA, Keogh, SEP and SIMPLE deductions
• Self-employment tax
• Taxable Social Security Benefits
• Estimate vouchers and worksheet
• Exception for real estate professionals
• Vacation home limitations and carryovers
• At-risk limitations and carryovers (regular and AMT)
• Related party transactions for installment sales and like-kind exchanges
• Passive loss limitations and carryovers
• All States
• City Tax Returns

Comprehensive Depreciation Capabilities
AirPTS 1040 Desktop built-in depreciation module manages complex depreciation calculations and transfers depreciation and asset sales information to the tax forms automatically.

• Ten methods for depreciating assets, including four custom methods
• Manages asset calculations on dispositions and asset retirement automatically
• Maintains separate Federal and State numbers
• Calculates AMT depreciation automatically
• Associates asset with the appropriate activity
• Captures asset disposal information and automatically transfers it to appropriate lines on Form 1040, 4562, 4797, 6252, and 8824
• Displays depreciation calculation

AirPTS 1040 is the fastest, easiest, and most efficient professional tax software solution for high-volume tax businesses that specialize in offering quick & accurate tax refunds and bank products. Built to speed processing of your clients’ tax returns and bank product refunds, AirPTS 1040 professional tax software helps you stay a step ahead of your competition.

• Work-in-Progress Screen for instant status of tax returns, IRS acknowledgements, rejects and bank product check prints.
• Point-and-Shoot Error Correction™ takes you directly to errors for quick fixes
• Easy-to-use forms-based input
• Multiple drains to the IRS each day
• Real-time processing with Industry-Leading Banks

AirPTS 1040 has been built with a host of industry-leading tools and features designed for high-volume professional tax preparation businesses specializing in bank products.

• Zero-downtime, automatic software updates
• Customizable reports for the needs of your high-volume tax business
• Comprehensive diagnostics that check for tax return omissions and inconsistencies
• And much more…

AirPTS Business tax software offers a complete solution for professional tax preparers who prepare Federal and State business tax returns.