Hi All
I am toying with the idea of preparing an excel worksheet which will do the tax computation, tax calculation, credits etc. (tax form 1040). The idea is to prepare and capture the complex tax code in it's entirety and to come up with a 3/4 pages income, deductions, adjustments, tax, credits, etc. summary which will help the taxpayer appreciate his tax return as against 200/300 pages of return generated by a tax software. The excel sheet will not prepare tax forms for printing or filing. The idea is to then pivot to tax planning and if scenarios. I am not a excel expert but a tax professional. Is it a worthwhile idea or a practical idea to put the complex code in excel? Is that doable? The idea also solves many other pain points. But my question is - is this something even doable or worth trying. Anyone having any experience in this? Any potential partners who want to collaborate?
Thanks
Jagdish
I am toying with the idea of preparing an excel worksheet which will do the tax computation, tax calculation, credits etc. (tax form 1040). The idea is to prepare and capture the complex tax code in it's entirety and to come up with a 3/4 pages income, deductions, adjustments, tax, credits, etc. summary which will help the taxpayer appreciate his tax return as against 200/300 pages of return generated by a tax software. The excel sheet will not prepare tax forms for printing or filing. The idea is to then pivot to tax planning and if scenarios. I am not a excel expert but a tax professional. Is it a worthwhile idea or a practical idea to put the complex code in excel? Is that doable? The idea also solves many other pain points. But my question is - is this something even doable or worth trying. Anyone having any experience in this? Any potential partners who want to collaborate?
Thanks
Jagdish