Last week, Intuit gave me a demo of their new ProLine Tax Import product. Even though the last thing I want to do is prepare income taxes, I do work with many CPA's and tax preparers who need help cleaning up their clients' Quickbooks files and I could immediately see how this product will save them an enormous amount of time!

Tax Import uses two technologies to easily populate a return. The first technology reads clients’ data from scanned source documents and imports it into Lacerte and ProSeries. Tax professionals first scan the documents, send the file to Intuit for processing and then import the data into the tax return. ProLine Tax Import includes data from a variety of documents, including consolidated brokerage statements, W-2s, 1099s, and Schedule K-1s.

The second ProLine Tax Import technology downloads tax data directly from financial institutions into Lacerte and ProSeries. Intuit’s innovative direct data feed technology distinguishes ProLine Tax Import from all other offerings in the market. Once the client approves the transfer of data to the tax preparer, this unique technology downloads data directly from financial institutions through a secure website to Intuit professional tax applications. Currently, the following financial institutions are supported by this product: Bank of America, Charles Schwab, E*Trade, Edward Jones, Fidelity, Morgan Stanley, Morgan Stanley Smith Barney, Scottrade, TD Ameritrade and UBS.

ProLine Tax Import is scheduled to be available free for a limited time to Intuit Lacerte Tax customers starting September 1, 2010. ProLine Tax Import will be available to ProSeries customers later in tax year 2010.

Here's information about how to get a free trial or check out the demo:

ProLine Tax Import Website:  http://lacerte.intuit.com/products/tax-import/index.jsp. There is a button on the upper right side that says “Try It Free,” which takes you to a web site that shows a short video. At the bottom of that page (http://learn.intuit.com/learncenter.asp?id=178421&page=89), there is a three-step process to get the free trial.
 
ProLine Tax Import Demo:  http://learn.intuit.com/learncenter.asp?id=178421&DCT=1&page=89. There is a short video demo that summaries the materials that Kristi and Luis showed you today.

Written by +Ruth Perryman, CMA, CFE, CFM, MBA

Ruth has provided QuickBooks help to thousands of businesses around the world since 1996. She is an Intuit Solutions Provider, an Advanced Certified QuickBooks ProAdvisor, and a member of the Intuit Trainer/Writer Network. She is also certified in QuickBooks Point of Sale and QuickBooks Enterprise Solutions.


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