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UltraTax CS

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  • 2.80
  • 10 Reviews

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significant programming error in UltraTax

Reviewed on September 12, 2022

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What was the best part about using UltraTax CS?

I can't come up with a 'best part'. It doesn't properly calculate taxes for a very simple scenario (i.e. a K-1 with guaranteed payments in the state of NJ).

What would you change about your experience with UltraTax CS?

My tax accountant uses Thomson Reuters UltraTax. In 2015, it made a significant error in my state filing. I was audited by the state, and based on the error that the software made, I owe the taxes plus $700 in penalties and interest. The time I have lost to this audit is significant as well. My accountant requested that TR compensate me for the penalties and interest. They declined to. The programming error in the software was a very basic error.

Overall Feedback

Would not recommend this software to anyone, it is sloppy software, and Thomson Reuters will not stand behind their software.

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