What is ITTSS?
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The "Integrated Trader Tax Support System" (ITTSS) is
the only commercial software, that helps CPAs specialized in trader
taxes with processing active trader transactions and resulting wash sales.
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This is the only system we know of that provides accurate and proper
profit/loss calculations. (based on our initial evaluation of available
consumer-based software products and also by re-doing schedules for
customers which were generated by consumer-based schedule D generating
software products).
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This integrated system is composed of five different subsystems or components
with wash sales analysis component being the most complex.
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Why did we sign a partnership with www.edaytradertax.com?
Read about it here
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What does the future hold for ITTSS and www.edaytradertax.com?
Today both parties are committed to on-going improvement of the
software functionality, to ensure current cost per transaction processing
can be maintained in the future. Prior to this tax season, ITTSS version
2.2 was completed. It improved many algorithms (primarily in wash analysis
area) and it now allows many different ways to get transaction information
from virtually any broker.
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