Portfolio Tax Analyzer is the tax professional's tool for handling stock, bond and mutual fund transaction calculations – in a fraction of time and without multiple years of security payment record books to consult. When it comes to researching the securities payment and cost basis information needed to complete tax forms, this breakthrough product makes your choice simple.
Before the introduction of Portfolio Tax Analyzer, tax professionals had to spend hundreds of dollars buying several individual books that included data on stock capital changes, dividend payment records, mutual fund payouts and bond interest payments. Then there were those fun-filled hours spent creating work papers with spreadsheet-type summaries and calculations. Now, you have a tool that saves both you and your client time and money.
This new ATX service, powered by XciTax®, was created in response to requests from Tax Professionals for a service that could shorten the grueling and time-consuming process of researching securities payment and cost basis information needed to complete tax forms (Schedule B and Schedule D). The end result is more accurate tax returns without lengthy sometimes "unbillable" research time.
In addition to the long list of benefits, you can do your research from anywhere there is an Internet browser. It's easy to see that Portfolio Tax Analyzer is the most cost effective tool for finding cost basis, performing income and dividend reinvestment calculations and much, much more. Your full annual subscription is the best buy available – less than $1 per research look-up. If your needs are more limited, rechargeable per-use packages are available.
Use Portfolio Tax Analyzer to Save Time and Money:
- Cost basis calculations are done in seconds
- Calculations for any holding period are automated
- DRIP calculations are automated (average reinvestment price, cumulative shares, overall cost basis)
- Daily Dividend information supplied by Standard & Poors
- Client contact information/client-specific worksheets can be saved for later work
- Income audit by tax lot - earned/paid income
- Historical payment data back to 1990
- Historical cost basis back to 1900
- Year-end tax reclassifications
Allocation factors for spin-offs, stock splits and stock dividends
- Tax status of events
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