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What is Prior-Year Return Import?

What does 'Prior-Year Return Import' mean?

Pulling data from a previously filed tax return into the current year's filing, so that carried-forward items such as standing details, depreciation schedules, losses, and elections do not have to be typed in again. The import may read a file from the same product or accept a return prepared elsewhere. It reduces re-keying errors and gives the software a baseline for year-over-year comparison.

List of software with Prior-Year Return Import functionality

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About the reviewer

Rajat Gupta is the founder of Spotsaas. Over the past two years, he has reviewed 2,000+ tools across CRM, HR, AI, and finance — applying hands-on product research and a background in commerce and the CFA program to evaluate software through a business and ROI lens. His goal: help teams make software decisions they won't regret.

Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].