Tracy, CA--(Business Wire)--January 3, 2006--"TaxBrain.com (http://www.taxbrain.com) and Intuit's Turbo Tax Online (http://www.turbotax.com), now available for electronic federal and state tax filings. H&R Block's TaxCut Online (http://www.taxcut.com) to be available soon.

The Internal Revenue Services (http://www.irs.gov) will begin accepting e-filed returns on January 13, 2006. By indicating direct deposit, taxpayers can expect electronically filed returns to deliver refunds weeks sooner than filing a paper return.

According to Todd Taylor, Director of Affiliate Marketing for Petz Enterprises (http://www.petzent.com), whose consumer brand TaxBrain.com is the third largest federal and state tax online preparation service in the U.S., "Online tax preparation and filing has crossed the chasm as the early majority adopts this new technology. PC software was once a good bet, but the purchase process can induce its own tax-time trauma. The overwhelming variety of versions, complicated bundle and rebate options, and the uncertainties of installation and endless updates make buying tax software as daunting as any government form.

"Going online for federal and state taxes is easy to shop, always up to date and accessible from home, work, or on the road," explained Mr. Taylor.

"eFile online continues to develop a loyal following among people who once did their taxes with PC software, or went to a local tax office. According to IRS data, efile is now the fastest growing favorite among America's 132 million taxpayers, increasing 11% over the previous year. The IRS goal is to have 80% of all taxpayers e-filing by 2007," said Eric Hayes, Senior Tax Analyst, Taxbrain.com (http://www.taxbrain.com/efile.asp).

"Roughly 13 million American taxpayers filed their tax returns over the Internet last year and the industry is looking forward to another year of double-digit growth. Satisfied TaxBrain.com electronic filers point to cost, convenience and simplicity as the most important factors in their decision to switch - and their commitment to never go back," Mr. Hayes added.

"Consider this: an Internet tax filing service like TaxBrain.com will run anywhere from $20 to $90 and deliver a professional grade result. With a little online experience and a willingness to try something new, savvy taxpayers are saving themselves significant time, hassle, eliminate risk of losing paperwork due to a catastrophe such as Hurricane Katrina or an earthquake, and get their refund just about the time that charges for Christmas purchases become due," Mr. Hayes concluded.

About TaxBrain.com® Online Tax & E-file Service

TaxBrain.com is the only web-based tax solution delivering online preparation, filing, professional assistance and representation in all 50 states. TaxBrain.com is a full-service online tax center providing tax advice, tools, and resources all year to help taxpayers manage their tax burden with greater confidence and ease. For more information visit www.taxbrain.com/press.

About Petz Enterprises, Inc.

Petz Enterprises, Inc. (a closely-held California corporation) is a software development company and a leading provider of tax preparation and filing solutions for the professional and consumer markets, helping to automate and simplify federal, state and local tax compliance. PEI's Crosslink® line of professional tax software products enable tax practitioners and service bureaus to accurately prepare and file large volumes of individual tax returns. Founded in 1974, Tracy, CA-based PEI is dedicated to serving the needs of the professional tax community and individual taxpayers worldwide. For more information, visit http://www.petzent.com.