J&M Professional Tax Software is built based on the needs of busy tax offices that specialize in providing their clients with fast and accurate tax returns.

In-Depth Calculations

Our software's 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 J&M Professional Tax Software:

1. Business use of a home for Schedules A, C, E, F, K-1, and Forms 2106/4835

2. Consolidated sales of assets

3. Child care credit

4. Earned income credit

5. Standard mileage vs. actual expenses

6. IRA, Keogh, SEP and SIMPLE deductions

7. Self-employment tax

8. Taxable Social Security Benefits

9. Estimate vouchers and worksheet

10. Exception for real estate professionals

11. Vacation home limitations and carryovers

12. At-risk limitations and carryovers (regular and AMT)

13. Related party transactions for installment sales and like-kind exchanges

14. Passive loss limitations and carryovers

15. All States

16. City Tax Returns

Comprehensive Depreciation Capabilities

The desktop's built-in depreciation module manages complex calculations and automatically transfers depreciation and asset sales information to the forms. There are ten methods for depreciating assets, including four custom methods. Our software:

• 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.

System Requirements

For professional results, we recommend the following:

• Hard Drive Space: 200MB

• Memory: 128MB

• Operating Systems: Windows XP, Windows Vista, or Windows 7

• Check Printing: HP compatible Laser

• Printer which supports Printer

• Control Language (PCL) 6 or higher