• Money
    • Budget
    • Shop
    • Travel
    • Stories
  • Career
    • Advice
    • Entrepreneurship
    • Freelance
    • Small Business
  • Investing
    • General
    • IRA + 401K
    • Stocks + Bonds
    • Retirement Planning
    • Estate
  • The Basics
    • Student Loans
    • Credit Cards
    • Debt
    • Taxes
    • More
  1. Home
  2. The Basics
  3. Taxes
  4. How to Convert Excel to TXF

How to Convert Excel to TXF

By: Patrick Miner
  • Share
  • Share on Facebook

TXF files store tax data like income amounts and values for deductions. When preparing taxes in a business setting, many accountants and other professionals working with tax data chose to store information in this format as a widely-accepted standard. To convert a Microsoft Excel file to a TXF, you need software capable of handling TXF files. After conversion, TXF files are often uploaded to tax preparation websites for further review or submission to the IRS.

...
TXFs are used for digital storage of tax information

Step

Open your Excel file with Microsoft Excel, OpenOffice or Google Docs. Check to make sure your file does not include extraneous information such as leftover tax data from previous years, personal notes or questions about the data.

Step

Open a financial software program such as Microsoft Money or Intuit Quicken. These programs must be purchased online or in a store, but several free or trial programs exist. TXF Creator, available through CNET.com, is one example.

Video of the Day

Step

Save your Excel file in the word processing program. Open the same file in Money, Quicken or other financial management program. Check to make sure your file maintains the information you entered in the first program. Now close the word processing program.

Step

Select "TXF" from the files menu of the financial software. In most programs, like Money or Quicken, this action is under a "convert" dialogue. Convert the Excel file into a TXF by clicking "convert" or the equivalent in your program of choice.

Step

Upload your new TXF to a tax preparation site, email to your accountant or other business contact.

Show Comments

Related Articles

How to Send a Quicken File to an Accountant

How to Send a Quicken File to an Accountant

The Basics
Taxes
By: Andrew Todd
How to Convert AVI Files to Dicom for Free

How to Convert AVI Files to Dicom for Free

The Basics
Taxes
By: Tammy Clevenger

PARTNER CONTENT

4 Habits That Helped Me Stop Scraping By

4 Habits That Helped Me Stop Scraping By

How to Transfer Data From TurboTax to TaxACT

How to Transfer Data From TurboTax to TaxACT

The Basics
Taxes
By: Katie Be
How to Use Excel for W-2 Form Printing

How to Use Excel for W-2 Form Printing

The Basics
Taxes
By: eHow Personal Finance Editor
How to Recover HR Taxcut Missing a File Header

How to Recover HR Taxcut Missing a File Header

The Basics
Taxes
By: Stephanie Ellen

Get Weekly Savings& Finance Tips.

  • Money
  • Career
  • Investing
  • The Basics
  • About
  • Contact Us
  • Terms
  • Privacy Policy
  • Copyright Policy
© 2019 Leaf Group Ltd. Leaf Group Media

Get Weekly Savings
& Finance Tips.

Money Made Easier.

Please enter a valid email.