Planitax Inc. to Participate in Tax Executives Institute Event

    TEI Financial Reporting Seminar at Hyatt Regency O'Hare in Chicago

    EMERYVILLE, CALIF., August 10 /CNW/ - Planitax, Inc., the leading
provider of software and services for corporate tax departments, will be
participating in the upcoming Financial Reporting for Tax Executives event
being held at the Hyatt Regency O'Hare in Chicago on September 27-28, 2007.

    The seminar will cover some of the important financial reporting topics
of the day. A primary focus of the program will be FIN 48, relating to
accounting for uncertain tax positions. There will be presentations focusing
on; the unique challenges of state tax issues, avoiding material weaknesses in
transfer pricing and other international transactions, working with internal
audit, as well as a session devoted to disclosure trends. Seminar participants
will receive updates on the fair value option under FAS 159, the continuing
challenges of dealing with stock-based compensation under FAS 123R, and
IRFS-U.S. GAAP Convergence.

    Information about the event including registration can be found here:

    Planitax Corporate Tax Horizons Suite includes the following software

    --  Tax Operations and File Manager(TM) Complete document storage and
tracking solution developed specifically for corporate tax, as well as project
management and Tax calendaring.

    --  Data Collector(TM) Automates the error prone, time consuming task of
tax package data collection.

    --  Global Entity Manager(TM) Tracks comprehensive entity attributes,
including governance information, M&A activity, tax jurisdictions, registered
agents, and inter-company transactions. Software delivers graphical entity
organization chart that depicts current and historical structure.

    --  Tax Positions(TM) Enables you to manage all FIN 48 related tax

    --  R&D Tax Credit Manager(TM) Is used by companies that file federal and
state R&D tax credits. R&D Tax Credit Manager automates survey distribution,
monitors survey responses, and calculates federal and state credits.

    --  Audit Manager(TM) Tracks critical audit information and provides
rapid access to supporting documentation. Audit manager is ideal for companies
that must respond to simultaneous audits, need to more efficiently handle
audit requests, and require rapid access to documentation and historical data.

    --  Provision Manager(TM) (FAS 109) will offer the ability to manage and
control all relevant tax information and documentation needed to calculate the
tax provision. (Available fall 2007)

    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

For further information:

For further information: Planitax, Inc. Joan Bullier, 510-450-6252

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