Supremo Tax 1040 - Supremo Tax

Supremo Tax 1040 is the fastest, easiest, and most reliable income tax preparation software. Designed and developed for high-volume tax businesses that specialize in offering quick & accurate tax refunds and bank products. Built to speed up the processing of your clients’ tax returns and bank product refunds. Using Supremo Tax 1040 you will always be 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™
Multiple drains to the IRS each day
Real-time processing with Industry-Leading Banks

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System Requirements:

Hard Drive Space: 1 GB
Memory: 1 GB
Operating Systems: 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

Currently Supported States

Alabama
Arizona
Arkansas
California
Connecticut
Delaware
Florida
Georgia
Illinois
Indiana
Kentucky
Louisiana
Maryland
Massachusetts
Michigan

Minnesota
Mississippi
Missouri
New Jersey
New York
North Carolina
Ohio
Georgia
Oklahoma
Pennsylvania
Rhode Island
Tennessee
Texas
Virginia
Wisconsin

In-Depth Calculations

Supremo Tax 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 Supremo 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

Supremo Tax 1040's 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

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