What is ITTSS?
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.
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).
This integrated system is composed of five different subsystems or components with wash sales analysis component being the most complex.
Why did we sign a partnership with www.edaytradertax.com? Read about it here
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.