Drag, Drop, Deduct™
OVERVIEW
The magic of TaxCast is the proprietary Drag, Drop, Deduct™ architecture. Drag a new transaction from the left menu OR drag an existing transaction from another year. Drop that transaction into the year it should appear. See if changing the timing of your client’s cash flows will allow them to Deduct amounts from their multi-year tax burden.
NEW TRANSACTION
Adding a new “transaction tile” to the “canvas” is easy. Simply select the desired transaction type from the menu bar on the left and drag the tile to the desired year on the canvas. A dialogue box will appear to prompt you the information needed to all the TaxCast calculation engine to validate the transaction and estimate the tax effect resulting from Read More
MANIPULATING TRANSACTIONS
Manipulating a transaction either for easy entry across multiple years or for analyzing the effects of different timeframe scenarios can be easily done from the transaction dialogue box. Within the dialogue box, you will see the option to Distribute or Split the transaction. Click the arrow to expand the dialogue box so you can repeat the transaction with annual dollar Read More
VALIDATE
When you add, edit, or delete a transaction tile successfully, TaxCast will confirm your entry onto the canvas and into the calculations with a green banner message in the upper right corner. But, try to drag and drop a transaction tile into an inadmissible area on the canvas and the TaxCast SmartAudit™ will block the entry. Read More
