Magazine article The CPA Journal

IRS2Go, Quick Tax Reference, TouchTax, and Monaeo

Magazine article The CPA Journal

IRS2Go, Quick Tax Reference, TouchTax, and Monaeo

Article excerpt

Tax professionals: it is time to clean out those overflowing bookshelves and file cabinets. For convenient tax information on the run, IRS2Go and Bloomberg BNA Quick Tax Reference are great tools. Need to dig a little deeper in the tax law, but can't get to a computer? TouchTax Mobile App can quickly connect you to the Internal Revenue Code. And for CPAs whose clients are really on the go, Monaco's apps might help solve travel tax and documentation issues.

IRS2Go

The IRS2Go mobile application (http://www.irs.gov/uac/IRS2GoApp) is available on Android and iOS platforms and can be downloaded for free onto smartphones and tablets. CPAs may want to recommend it to clients, and there are some of the features suitable for professionals as well.

the three mam resources on the 1RS app are Refund Status, Free Tax Help, and Stay Connected. Refluid Status requires a Social Security number, filing status, and refund amount input; it is updated once eveiy 24 horns. Free Tax Help locates the nearest Volunteer Income Tax Assistance and Tax Counseling for the Elderly locations. Stay Connected is probably the most useful for tax preparers, and it creates easy access to 1RS feeds oil Twitter, YouTube, and Tumblr.

Bloomberg BNA Quick Tax Reference

Bloomberg BNA's free mobile application (http://www.bna. com/qmck-taxreference-app/) is available for Android, Blackbeny, and iOS devices. This mustsee for tax preparers is a quick look-up rattier than a research tool; it is incredibly easy to use and provides handy access to key tax information.

The resources included on the BNA Quick Tax Reference are standard mileage rates, individual and corporation income tax rate tables and calculators, standard deductions amounts, personal exemption amounts and phaseouts, section 179 expense and property cost limits, long-term capital gain and dividend tax rates, income tax rate tables and calculators for estates and busts, estate and gift transfer tax rates and annual gift exclusions, pension and retirement plan contribution limitations, and IRA contribution limitations and phase-outs.

TouchTax

TouchTax Mobile App (https ://touchtax .wordpress.com/) provides access to the Internal Revenue Code, Treasury Regulations, Internal Revenue Bulletins, Revenue Procedures, Revenue Rulings, Notices, Announcements, and Circular 230. It is compatible with Android, Blackbeny, iOS, and Kindle devices. TouchTax costs $5.99 for iOS, $4.99 for Android and Amazon, and $0.99 for Blackbeny. Some resources are even available offline.

While IRS2Go and Bloomberg BNA Quick Tax Reference are easily usable by accountants with a variety of backgrounds, TouchTax is mostly geared toward tax professionals who are already familiar with tax law resources. That said, it is convenient to have the tax code and regulations at your fingertips. the screens are well organized and easy to read. Users can make notes, add an item to their favorites, or e-mail a clean PDF for viewing, printing, or storage.

The IRC, Treasury Regulations, and Internal Revenue Bulletins can be searched by citation or keyword. Users can browse a table of contents for the IRC, Treasury Regulations, Revenue Procedures, Revenue Rulings, Notices, Announcements, Internal Revenue Bulletins, and Circulai' 230. Useful links connect directly to the tax forms search tool on the 1RS website.

Monaeo Travel Apps

Monaeo (https://monaeo. …

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