![]() There are several online plans: Free, Deluxe, Premier, Self- Employed, Business, and Pro. They offer both online and download products, and have a mobile app available for iOS and Android. TaxAct offers tax preparation software for individuals, small businesses, and tax professionals. Cinven announced it would combine TaxAct's business with Drake Software, which it acquired the previous year, under a single holding company. In November 2022, private equity firm Cinven agreed to acquire TaxAct for about $720 million. TaxAct is a member of the Free File Alliance, a free federal tax preparation and electronic filing program for eligible individual taxpayers developed through a partnership between the IRS and a group of private sector tax software companies. In 2018, former Intuit executive Curtis Campbell was appointed as the President of the company. Subsequently, in October of the same year, TaxAct acquired Balance Financial, the company that specializes in personal finance tools and services. In 2013, the name was officially changed to TaxAct Holdings, Inc. In January 2012, 2nd Story Software was sold to Seattle-based Blucora (formerly Infospace, Inc.) for more than $287 million. In November 2011, a federal judge sided with the Justice Department, and both companies mutually terminated the contract. Department of Justice attempted to stop the acquisition in an antitrust lawsuit. In October 2010, H&R Block said it would pay $287.5 million in cash to acquire the parent firm of TaxAct. In 2004, TA Associates, a private equity firm based in Boston, acquired two-thirds of the company for $89 million. In 2000, a cloud-based version of TaxAct software was released. Later, Lance Dunn recruited Jerry McConnell and Alan Sperfslage as developers, and Cammie Greif as a marketer. ![]() was founded in 1998 as 2nd Story Software by Lance Dunn, the former Vice President of software development at Parsons Technology. The company offers its own software package "TaxAct" to individual tax registers, companies and professional affiliates. is an American tax preparation software company based in Cedar Rapids, Iowa.
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