History of AmeriFile Tax Centers!

James J. Fromi, Sr., one of owners of AmeriFile created one of the country’s first computer tax software called TaxByte in 1981. In 1986. AmeriFile sent some of the first tax returns ever sent electronically to the IRS! Taxbyte was a professional tax preparation software company that played a notable role in the evolution of tax software solutions for professionals. Here's an overview of its history:

Founding and Early Operations: TaxByte was established to provide tax professionals with efficient tools for preparing and filing tax returns. The software aimed to streamline the tax preparation process, catering to the needs of accounting firms and individual tax preparers.

Acquisition by Intuit (1999): In 1999, Intuit Inc., a leading financial software company known for products like TurboTax and QuickBooks, acquired TaxByte. This strategic move was part of Intuit's efforts to expand its offerings in the professional tax preparation market. The acquisition included TaxByte's customer lists and intellectual property rights, allowing Intuit to integrate and enhance its existing tax software solutions.

Integration into Intuit's Product Line: Following the acquisition, Intuit aimed to transition TaxByte users to its ProSeries and Lacerte tax software platforms. This integration was designed to provide TaxByte customers with more advanced features and support, leveraging Intuit's extensive resources and experience in the tax software industry.

Impact on the Tax Software Market: The acquisition of TaxByte by Intuit contributed to the consolidation of the tax software market, enabling Intuit to broaden its customer base and enhance its professional tax preparation services. By incorporating TaxByte's technology and clientele, Intuit strengthened its position as a leading provider of tax solutions for both individual consumers and tax professionals.

While TaxByte as an independent entity ceased to exist post-acquisition, its legacy continued through Intuit's expanded suite of tax preparation tools, which have evolved to meet the changing needs of tax professionals over the years.

If you have specific questions or need more detailed information about TaxByte or its integration into Intuit's products, feel free to ask!

AmeriFile was founded in the early 80s to help people take their manually prepared tax return and electronically file it to the IRS. Before e-file, taxpayers would wait months for their refund to arrive. The IRS would have to receive it by mail, have their agents key it in and review. E-file speeds up the process to 10-21 days by streamlining the process. AmeriFile also was founded to give back to the community donating over $320,000 to United Ways across the country!