What s New with CCH Axcess Tax and CCH ProSystem fx Tax for

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1 When you have to be right Tax & Accounting What s New with CCH Axcess Tax and CCH ProSystem fx Tax for Thank you for your support of CCH ProSystem fx Tax and CCH Axcess Tax. At Wolters Kluwer, we take great pride in listening to customer feedback and taking suggestions into account when prioritizing enhancement requests. When we update and improve our solutions, we always look at the needs of all firms from the sole practitioner/small firm all the way to the multi-nationals/big 4 as different professionals obviously have different needs. Rest assured, whatever practice you re a part of, we strive to deliver the features and capabilities that will help you keep your tax preparation and compliance activities in sync. Here s What We re Doing to Make Our Tax Software Better Our Product Management and Software Development teams are working continuously and diligently to ensure that the CCH ProSystem fx Tax and CCH Axcess Tax software you use are the strongest, most accurate, and comprehensive tax preparation and compliance solutions on the market. To that end, here are some of the enhancements you requested and we delivered over the past year: Jump to Supporting Statement In Tax Forms view, users will be able to view see statement, or an icon, on any line that includes a statement. You can click on that line and quickly view that statement in a new window. We have also added a print button that allows you to quickly print the statement. This new feature allows you to quickly review actual supporting statements for any line without creating a print file. 1040NR You can now e-file the U.S. Nonresident Alien Income Tax Return. IRS Fraud Prevention Initiatives As part of the Internal Revenue Service/State Tax Agencies/Private Sector Industry Security Summit partnership, we have implemented taxpayer and tax return preparer safeguards for the 2017 filing season. These changes were implemented based on IRS and State Agency requirements to safeguard you and your client s data in order to reduce the risk of tax filing-related fraud. Visit CCHGroup.com/DigitalTaxWorkflow for more information

2 What s New with CCH Axcess Tax and CCH ProSystem fx Tax for What s New with CCH Axcess Tax and CCH ProSystem fx Tax for (Continued from previous page) Take Advantage of Our End-to-End Digital Tax Workflow New Forms, States and Calculations We added the following: Nevada Commerce Tax for 1040/1041/1065/ 1120/1120S 8879-SO (state only) for states without a signature form (1041/1120/1120S/1065) All CCH ProSystem fx Tax and CCH Axcess Tax users stand poised to benefit from Wolters Kluwer s integrated Digital Tax Workflow products. If you re not yet doing so, please consider the many benefits of the following solutions in particular: Form 1128 Application to Adopt, Change, or Retain a Tax Year (1120/1120S/1065) Selective K-1 Suppression Option to suppress partner/shareholder by partner/shareholder. (1065/1120S) New Electronic Filing States for Business Returns: DC (1065, 1120, 1120S) NE (1065, 1120, 1120S) NH (1120, 1120S) CCH ProSystem fx Scan and AutoFlow Quickly and reliably takes the proverbial shoebox of unsorted client information, determines what each item is, and outputs the documents to a single, organized, and bookmarked PDF file. Next, AutoFlow Technology extracts data from 1040 and 1041 client source documents processed by CCH ProSystem fx Scan and imports it into the tax return. SC (1065) New Electronic Filing States for Specialty Returns: DE (1041) SC (1041) VA (1041) New Federal and State Filing Instructions We updated all letters and filing instructions in response to IRS changes to return due dates regular and extended for 1065, 1120 and 1041 products. New and Upcoming Tax Legislation Moving forward with the new administration in Washington, D.C, Wolters Kluwer will stay abreast of all legislative and tax law changes and adjust our solutions to ensure you continue to grow, manage and protect your firm. After all, we re in the compliance business and when there are changes we ll adjust accordingly and continue to deliver the most accurate, authoritative software and research tools available. CCH esign The first solution created especially for the IRS-approved use of electronic signatures on Form 8879, CCH esign digitally captures client and employee signatures across a wide array of IRS, client facing and internal firm documents. In addition to the IRS, CCH esign is now accepted by all but 2 states and provides dramatically improved workflows through direct integration with both CCH ProSystem fx Tax and CCH Axcess Tax. CCH My1040Data Our web-based tax organizer makes it easier for your clients to provide their personal information and all tax return-related documentation to you. CCH My1040Data gives clients greater flexibility and convenience increasing the likelihood they ll send you more complete information.

3 Digital Tax Workflow What s New with CCH Axcess Tax and CCH ProSystem fx Tax for Wolters Kluwer s digital tax workflow solutions allow you to standardize, integrate and automate across all processes of your 1040 tax preparation and compliance workflow. OBTAIN ORGANIZE PREPARE AND REVIEW SIGN AND FILE DELIVER AND STORE INVOICE AND RECEIVE Both CCH Axcess the profession s only modular cloud based tax prep and compliance solution and the CCH ProSystem fx Suite, our on premise solution, support your entire digital tax workflow process. Client provides necessary information throughout the year. As the client accumulates financial documents pertinent to the tax return, they upload them to the firm so they re not scrambling to find them when it s time to actually prepare the return. Client provides the firm with additional information at tax time such as engagement letters, paper documents, scanned documents, electronic organizer and digital files. Client data is automatically identified, organized and imported into the tax return. The bookmarked PDF file containing client source documents is automatically saved to the document management system. Goodbye manual data entry! Firm s staff accountant performs the first level review of the return and enters additional information. Finds answers to tax treatment questions with one click from a tax return line item to Wolters Kluwer research solutions. Captures and records time in real-time using automated clocks. Partner or Manager performs final review, which can be done anywhere, anytime with CCH Axcess. CCH Axcess Workstream helps define and ensure a consistent workflow allowing you to track exactly where the return is in the tax preparation and review process. A secure link is sent to the taxpayer which allows them to review the return and electronically sign Form 8879 via desktop, mobile device or tablet. The electronic filing status system in Wolters Kluwer s tax software is automatically updated with the electronic signature status. The completed tax return is sent to IRS via electronic filing. The firm s copy of the tax return is stored electronically. An invoice is generated. The final invoice and the client s copy of the tax return are provided to the taxpayer. CCH Axcess Tax or CCH ProSystem fx Tax CCH Axcess Portal CCH ProSystem fx Scan with AutoFlow Technology CCH Axcess Workstream CCH Axcess Document or CCH ProSystem fx Document CCH Axcess Practice or CCH ProSystem fx Practice Management CCH My1040Data CCH esign CCH Tax Prep Partner CCH IntelliConnect CCH ProSystem fx PDFlyer These solutions are in active use during digital workflow steps. These solutions support your entire digital tax workflow process. Visit CCHGroup.com/DigitalTaxWorkflow to check out our end-to-end workflow for business returns.

4 What s New with CCH Axcess Tax and CCH ProSystem fx Tax for Sign up for CCH Software News and Stay Connected! CCH Software News delivers time-sensitive CCH Software information, such as technical bulletins, discussions, and time-saving tips, directly to your address, ensuring that you stay informed of important issues affecting the products you use. You can choose to have CCH Software News sent to your personal address, your firm s address, or even establish multiple profiles so that all the professionals in your firm receive news on the products they work with. 1 2 To add or modify a CCH Software News profile, do the following: Go to Log in with your support.cch.com (My Account) address and password. If you have not created a My Account address and password, you will need to create one. How do I create a user for the Support.CCH.com website? Do one of the following: Click Establish your CCH Software News Profile if you do not currently receive CCH Software News. Enter your address and click Update Your CCH Software News Profile. Enter your first name, last name, and your address. Select the boxes for any of the products you want to receive s about. Click Save once you have made your selections. One Firm s Journey: Implementing a Digital Tax Workflow = Time Saved = More Revenue and More Profit Smith + Salisbury, PLLC in Charlotte, North Carolina implemented a digital tax workflow and, as a result, increased revenue by 22% and profits by 29%. Here s one example of how they did it: The firm increased the number of returns prepared from 900 to 1,100 (23% more returns) without adding more work hours for employees. Utilizing the Wolters Kluwer Digital Tax Workflow, the firm estimates it s saving 5 minutes per return. Do the math. 5 minutes saved per return x 1,100 returns per year = 5,500 minutes saved (over 91 hours). 91 hours per year x $125 per hour (average blended rate) = $11,000 + in savings.

5 Contact information: Wolters Kluwer Hamilton Avenue Torrance, CA United States Please visit CCHGroup.com/DigitalTaxWorkflow for more information. 3/ CCH Incorporated and its affiliates. All rights reserved. When you have to be right