Planitax Adds to Corporate Tax Horizons(R) With Comprehensive Tax Accounting Solution for FAS 109




    "Planitax continues to deliver the best in breed software solution that
serves as the technology platform for corporate tax departments," said Larry
Langdon, a member of the Planitax Board of Advisors. Mr. Langdon is also a
Partner and Director of Mayer, Brown, Rowe and Maw's Global Tax Practice as
well as former VP of Tax at HP, and former Director of the LMSB group within
the IRS.

    EMERYVILLE, CALIF., April 19 /CNW/ - Planitax, Inc., the leading provider
of tax information management solutions to corporate tax departments, today
announced that the Planitax Tax Provision Manager(R) will be added to the
company's product offering. The software will be delivered as an optional
module in the Planitax Corporate Tax Horizons(R) suite providing users with
complete data acquisition, organization, and security from the time the
information enters the tax department through audit and compliance with record
retention requirements. "Planitax's mission has been, and remains, to deliver
the best technology solutions for corporate tax departments. The Planitax Tax
Provision Manager(R) delivers on that mission by providing a superior
alternative to anything currently available," said Planitax President and CEO
Greg R. Prow.

    With the new module and services, Planitax will offer the ability to
manage and control all relevant tax information and documentation needed to
calculate the tax provision. The Planitax Tax Provision Manager(R) helps
companies manage myriad of relevant tax data sources by providing
sophisticated data import and account mapping functionality. Leveraging unique
rules management capabilities, users can automate the process of applying
adjustments to the financial data and create comprehensive tax-sensitized
books. This complete solution keeps you in control by allowing manual
adjustments where and when needed, and providing a broad library of reports
and export formats. The solution allows companies to continue to use their
current 1120 returns packages, or even migrate to a different one.

    "As a corporate tax professional, this is the kind of solution I looked
for; best in class core competencies and an integrated platform upon which we
could build our data and documentation requirements," said Deborah Lange, a
member of the Planitax Board of Advisors and former Senior Vice President of
Taxation for Oracle Corporation. "A complete solution effectively serving as
the connective tissue from financial systems to the audit of the income tax
return is a powerful offering that will benefit many companies."

    About Planitax

    Planitax, Inc. is the leading provider of tax information management
solutions and services that enable corporate tax departments to efficiently
and effectively manage the data required to reduce operating costs, strengthen
tax positions, and improve internal controls. The company's Corporate Tax
Horizons(R) solution targets a range of tax processes such as document
management, entity management, and audit management and other core functions.
Thousands of employees in industries such as financial services, retail,
manufacturing, technology and healthcare access Planitax's solutions. The
company is located in Emeryville, California. For more information, please
call 800-606-3080 or visit www.planitax.com.

    Planitax is a trademark of Planitax, Inc. All other product and company
names may be trademarks of their respective companies.




For further information:

For further information: Planitax Joan Bullier, 510-450-6252
marketing@planitax.com

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PLANITAX, INC.

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