“Things should be as simple as possible, but no simpler.” —Albert Einstein
FastTax puts intelligence into familiar, paper-based tax forms, so you can file IRS and CA returns quickly and accurately. The intelligent forms do all the calculations. It’s simple—as opposed to the "wizard interview" style, which adds a layer of complexity requiring you to deal with not just IRS ambiguity but also interview question ambiguity.
The main tax forms—IRS 1040, FTB 540, and 540-2EZ—automatically calculate your tax using tax rates or tax tables, depending on your tax bracket. They also have built-in logic to calculate your deduction and the amount of your exemption.
Built-in imports and exports—invisible to the user—share basic information between forms so you only have to enter it once.
The FastTax package takes many of the worksheets embedded in the instructions for the main forms and adds intelligence to them, too, to ease you over difficult spots in those forms.
FastTax also contains extension forms for you to use in case you need to “punt.”
FastTax supports printing, but not e-Filing; you’ll need to print and mail your returns.
FastTax provides real data security and privacy. You control your forms; they’re on your computer, not kept online somewhere, and you can access them any time you need to. You don’t have to worry about your return being “lost in the cloud.” No software vendor can access your return or, possibly, sell it to a third party claiming its been “anonymized.” And you never have to worry about data breaches.
If you live in California, weve got your state return covered! Most of the other tax packages try to upsell you on this.
Technical and contact information can be found on the FastTax.app website.
The supported 2018 forms are listed below.
IRS MAIN FORMS
1040 Individual Income Tax Return
1040 (Schedule 1) Additional Income and Adjustments to Income
1040 (Schedule 2) Tax
1040 (Schedule 3) Non-refundable Credits
1040 (Schedule 4) Other Taxes
1040 (Schedule 5) Other Payments and Refundable Credits
1040 (Schedule 6) Foreign Address and Third Party Designee
1040-X Amended U.S. Individual Income Tax Return (2019)
IRS SCHEDULES
1040 (Schedule A) Itemized Deductions
1040 (Schedule B) Interest & Ordinary Dividends
1040 (Schedule C) Profit or Loss From Business (Sole Proprietorship)
1040 (Schedule C-EZ) Net Profit from Business (Sole Proprietorship)
1040 (Schedule D) Capital Gains & Losses
1040 (Schedule EIC) Earned Income Credit
1040-ES Estimated Tax for Individuals (2019)
1040 (Schedule SE) Self-Employment Tax (Short form only)
1040-V Payment Voucher
4562 Depreciation and Amortization
4868 Automatic Extension of Time to File Individual Return
8829 Expenses for Business Use of Your Home
8962 Premium Tax Credit
w4 Employees Withholding Allowance Certificate (2019)
IRS WORKSHEETS
1040 Alternate Minimum Tax Worksheet
1040 Social Security Benefits Worksheet
1040 State and Local Income Tax Refund Worksheet
1040 Student Loan Interest Deduction Worksheet
1040a Sales Tax Deduction Worksheet
CALIFORNIA MAIN FORMS
540 California Resident Income Tax Return
540-2EZ California Resident Income Tax Return
CALIFORNIA SCHEDULES
540 Schedule CA California Adjustments - Residents
540 Schedule D Capital Gain or Loss Adjustment
540-ES Estimated Tax for Individuals (2019)
3519 Payment for Automatic Extension for Individuals
3525 Substitute for Form W-2
3532 Head of Household Filing Status
3805p Additional Taxes on Qualified Plans