While these programs also use their own proprietary file formats, which other programs cannot open, they can save data in the TXF format to make it easier to. Always work when transferring data between operating systems -- TurboTax Mac, for instance, is incapable of importing files saved in the QuickBooks format.

Dhoom Machale Dhoom Song Download. Purpose of the TXF File TXF, stands for Tax E xchange Format. In, such as Quicken,, and industry specific software, all of your accounting records may be saved as a TXF file depending upon the software utilized.

When your accounting data is backed up, if you watch the process on your computer or network, you may see two forms of back up files, TXF and BAK for backup file. If your network goes down and you need your accounting information back, the system will utilize the BAK file which converts your data back to its original form. A tax exchange format TXF file on the other hand, is a file format recognized by tax preparation software and accountants who can use the data contained within these compressed files to help prepare your tax return. Broksonic Tv User Manual. Tax preparation software such as and H&R’s TaxCut also recognize the TXF file format if you complete and file income taxes without the services of a tax professional. Limits of the TXF File Often, some financial accounting records saved in a TXF file format may need further clarification once received by the tax preparation software or accountant. For example, when capital gains from stocks or bonds purchased are sent in a TXF file, the file doesn’t recognize the date purchased or date sold. In cases such as these it’s important to either review your tax form from the tax preparation software you utilized or contact your accountant to verify purchase and sold dates.