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TaxBrain.com Online Tax Preparation is Now Live as eFiling Becomes Most Popular Way to Get IRS Refunds Fast

Tracy, CA--(Business Wire)--January 3, 2006--"TaxBrain is now available for electronic federal and state tax filings.

The Internal Revenue Services (http://www.irs.gov) will begin accepting e-filed returns on January 13, 2006. By indicating direct deposit, taxpayers can expect electronically filed returns to deliver refunds weeks sooner than filing a paper return. According to Todd Taylor, Director of Affiliate Marketing for Petz Enterprises, whose consumer brand TaxBrain.com is the third largest federal and state tax online preparation service in the U.S., "Online tax preparation and filing has crossed the chasm as the early majority adopts this new technology.

PC software was once a good bet, but the purchase process can induce its own tax-time trauma. The overwhelming variety of versions, complicated bundle and rebate options, and the uncertainties of installation and endless updates make buying tax software as daunting as any government form.

"Going online for federal and state taxes is easy to shop, always up to date and accessible from home, work, or on the road," explained Mr. Taylor. "eFile online continues to develop a loyal following among people who once did their taxes with PC software, or went to a local tax office. According to IRS data, efile is now the fastest growing favorite among America's 132 million taxpayers, increasing 11% over the previous year. The IRS goal is to have 80% of all taxpayers e-filing by 2007," said Eric Hayes, Senior Tax Analyst, Taxbrain.com.

"Roughly 13 million American taxpayers filed their tax returns over the Internet last year and the industry is looking forward to another year of double-digit growth. Satisfied TaxBrain.com electronic filers point to cost, convenience and simplicity as the most important factors in their decision to switch - and their commitment to never go back," Mr. Hayes added. "Consider this: an Internet tax filing service like TaxBrain.com will run anywhere from $20 to $90 and deliver a professional grade result.

With a little online experience and a willingness to try something new, savvy taxpayers are saving themselves significant time, hassle, eliminate risk of losing paperwork due to a catastrophe such as Hurricane Katrina or an earthquake, and get their refund just about the time that charges for Christmas purchases become due," Mr. Hayes concluded. About TaxBrain.com® Online Tax & E-file Service TaxBrain.com is the only web-based tax solution delivering online preparation, filing, professional assistance and representation in all 50 states. TaxBrain.com is a full-service online tax center providing tax advice, tools, and resources all year to help taxpayers manage their tax burden with greater confidence and ease.

About Petz Enterprises, Inc. Petz Enterprises, Inc. (a closely-held California corporation) is a software development company and a leading provider of tax preparation and filing solutions for the professional and consumer markets, helping to automate and simplify federal, state and local tax compliance. PEI's Crosslink® line of professional tax software products enable tax practitioners and service bureaus to accurately prepare and file large volumes of individual tax returns. Founded in 1974, Tracy, CA-based PEI is dedicated to serving the needs of the professional tax community and individual taxpayers worldwide.

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• TaxBrain is FasterTaxBrain removes the clutter of the endless question-based interview. With a single, short questionnaire, TaxBrain will select your input sheets and provide you with a Personalized Organizer to help you get your paperwork together.The powerful TaxBrain engine validates every entry and uses your input to identify potential audit flags and tax saving opportunities.TaxBrain taxpayer categories (retired, military, small business, and more) deliver the specialized assistance you need that will immediately match your circumstances.Only TaxBrain builds a personalized tax profile that you can use to do tax planning, prepare additional filings and minimize your paperwork for the future.
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• TaxBrain is Easier to Use than TurboTax for the WebTaxBrain is easy to navigate and use. User studies show that novice taxpayers like the clear, plain-english approach to preparation; and tax savvy filers like the comprehensive support for eventhe stickiest situations.
• TaxBrain is Your Year-around ONLINE Tax SOLUTIONTaxBrain gives you the tools to manage your taxes, not just prepare a tax return. Stay in control of your tax profile year-round with live customer service, access to prior-year returns, extension filings, financial services and planning tools.
• Dedicated TaxBrain ProfessionalsWelcome to free and unlimited customer support! With TaxBrain, you are never on your own. TaxBrain is staffed by dedicated tax individuals (based right here in the U.S.) with years of experience helping taxpayers and professionals alike with tax guidance for federal and state tax situations nationwide.
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