Haworth, NJ, March 1, 2001 – Tax Technologies e1065 product passed the final hurdle in the IRS approval process, ensuring that the most complex partnership structures can meet the electronic filing requirement this year.

Starting in Tax Year 2000, all partnerships having over 100 partners are required to file their return electronically unless a waiver or exceptions apply. Tax Technologies has received certification from the IRS e-filing program for the most complex forms and schedules needed by large partnerships (1065, 8865, 5471, 4562, and more). In addition, the firm has committed to support all other forms and schedules required by clients as part of their Form 1065 electronic filing package.

The software is especially well suited for large partnerships that have international ownership interests as it provides comprehensive support for Forms 8865 and 5471. Tax Technologies CEO and international tax expert, JD Choi says, "Many companies are struggling to understand the new reporting requirements associated with controlled foreign partnerships. This application goes beyond the form and helps train tax personnel while automating income sourcing, expense apportionment, and partnership allocation calculations."

Because the product is Internet/Intranet-based, it is licensed for an unlimited number of concurrent users. Pricing varies based on partnership complexity and functionality needs. For more information, partnerships or accounting firms can call (866) 239-4884, e-mail info@taxtechnologies.com or visit www.taxtechnologies.com.

IRS acceptance of Tax Technologies e1065 for e-filing does not constitute IRS endorsement or approval of the quality of tax preparation services provided.

About Tax Technologies

Tax Technologies, Inc. is a technology-driven tax services company and leading provider of Internet/Intranet-based tax software. With a variety of Fortune 500 clients using its suite of web-native tax software products (TaxSeries) and audit products (AuditTracker), Tax Technologies assists with the preparation of tax returns, the improvement of tax process, implementation of tax software, and the development of custom applications to meet client’s tax and financial reporting demands.

The company’s headquarters are in Haworth, New Jersey, with the technology headquarters in Bradenton, Florida. Further company information is available at www.taxtechnologies.com.