| Developer(s) | 2nd Story Software |
|---|---|
| Type | Tax software |
| License | Proprietary |
| Website | http://www.taxact.com/ |
TaxACT is an American tax preparation software package developed by 2nd Story Software. The predecessor to TaxACT was known as Personal Tax Edge by Parsons Technology. In 1994, Intuit purchased Parsons Technology and dissolved Personal Tax Edge. 2nd Story Software was founded in 1998 by employees who previously worked on Personal Tax Edge.[1]
Contents |
TaxACT is available in online and software versions.[2] Online products include Free Federal Edition, Deluxe (Federal), and Ultimate Bundle (Deluxe + State). Software versions include Free Edition, Deluxe, Ultimate Bundle, and Home & Business. TaxACT also offers a suite of federal and state software for businesses and professional preparers.[3]
2nd Story Software is a member of the Free File Alliance, a free federal tax preparation and electronic filing program for eligible individual taxpayers developed through a partnership between the IRS and a group of private sector tax software companies.[4]
In October 2010, H&R Block said it would pay $287.5 million in cash to acquire the parent firm of 2nd Story Software. In May 2011 the U.S. Department of Justice attempted to stop the acquisition in an antitrust lawsuit.[5] In November 2011, a federal judge sided with the Justice Department, and both companies mutually terminated the contract.