CROSSLINK 1040
Professional Tax Software for High-Volume Tax Businesses
Experience CrossLink 1040 professional tax software for yourself and discover how our industry-leading technology can help grow your professional tax preparation business.
Tax Software for High-Volume Tax Businesses
CrossLink 1040 is the industry's leading desktop professional tax software solution for high-volume tax businesses. Built based on the needs of busy tax offices that specialize in providing their taxpayer clients with fast and accurate tax returns, CrossLink 1040 has been a trusted software solution since 1989.
Fast, Easy, Efficient
CrossLink 1040 is the fastest, easiest, and most efficient professional tax software solution for high-volume tax businesses that specialize in offering quick & accurate tax refunds and bank products. Built to speed up processing of your clients' tax returns and bank product refunds, CrossLink 1040 professional tax software helps you stay 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™ takes you directly to errors for quick fixes
- Multiple input modes including interview-based and forms-based
- Multiple drains to the IRS each day
- Real-time processing with Industry-Leading Banks
Industry-Leading Tools and Features
CrossLink 1040 has been built with a host of industry-leading tools and features designed for high-volume professional tax preparation businesses specializing in bank products.
- Customizable reports for the needs of your high-volume tax business
- Comprehensive diagnostics that check for tax return omissions and inconsistencies
- And much more...
Technical Details
- Hard Drive Space: 1 GB
- Memory: 1 GB
- Operating Systems: Windows 8 and Windows 10
- Check Printing: HP compatible Laser Printer which supports Printer
- Control Language (PCL) 6 or higher
CrossLink's 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 CrossLink professional 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
CrossLink'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
- Displays depreciation calculation
