Microsoft Technologies Power New Electronic Tax Filing Options For Corporations

REDMOND, Wash., April 13, 2004 — Microsoft Corp. today announced that Taxsoftware.com has used Microsoft®
J# Browser Controls to create an application that allows businesses to prepare, print and file 1120 and 1120S corporate business tax returns online. The Taxsoftware.com Web site also used J# Browser Controls in its applications that enable online filing for 1041, 1065 and all Federal Information Return Forms such as 1098, 1099, W-2G and 5498 forms. This latest application was developed by Taxsoftware.com to provide customers with options for filing business taxes online. It also enables businesses to directly deposit refunds or make tax payments online.

Microsoft J# Browser Controls give developers a way to migrate existing Java applet source code to run within the context of the Microsoft .NET Framework, and enable them to create rich, client-side functionality within a Web-based application.

“Microsoft J# Browser Controls provided an easy migration path from the Microsoft Java Virtual Machine (MSJVM) for our existing applet work,” said Mickey Macedo of Taxsoftware.com. “We have users who enter tax returns of up to 250,000 pages on our Web site. We found that in some cases the J# Browser Controls are 10 times faster than the JVM-based solution and better able to handle such large tax returns.”

J# Browser Controls have enabled Taxsoftware.com to create a solution in which all data is stored locally on the user’s computer. And Taxsoftware.com was able to provide a rich user interface, which can adapt to the user’s needs and provide immediate assistance should errors occur.

“J# Browser Controls offer customers a painless method for migrating Java applets away from the Microsoft Java Virtual Machine,” said Marie Huwe, general manager of developer marketing in the Developer and Platform Evangelism Division at Microsoft. “While support for the MSJVM has been extended through 2007, Microsoft will provide only critical updates and security fixes. J# Browser Controls enable Taxsoftware.com to extend its applications while continuing to make use of existing Java applet source code.”

Taxsoftware.com’s Web site provides the option of filing online to more than 2 million businesses. The site is part of the company’s partnership with the Internal Revenue Service and is designed to help drive the IRS’ commitment to increasing the overall volume of electronically filed business tax returns. “We have worked closely with tax professionals to build a new approach based on industry needs. The successful launch of this modernized e-file process means charitable organizations and most corporations can stop filing massive paper returns,” said Mark W. Everson, IRS commissioner.

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