Tracy, CA - December 10, 2003 - Petz Enterprises, Inc. (PEI), owners of the popular TaxBrain Online Tax Center T (www.taxbrain.com) today explained how new tax laws covering capital gains exclusion on the sale of primary residences, could help up to 1.4 million servicemen plus foreign service officers (FSOs).

Leroy Petz Sr., President of PEI, commented, "The Military Family Tax Relief Act came into effect on November 24 and means that personnel on qualified, extended duty in the U.S. Armed Services or the Foreign Service, are now more likely to qualify for a $500k or $250k capital gain exclusion when selling their primary residence."

Petz explained, "Under the old law, to qualify for the exclusion, an individual must have lived in the property they were going to sell for two out of the five previous years. Owing to the transient nature of their employment, many servicemen and FSOs would fail to meet these criteria through no fault of their own.

"The new law provides special dispensation for the "live in" rule and individuals on active duty time now have a ten-year window in which to qualify."

Discounts for tax preparation services now extend to all Armed Forces members

Mr. Petz continued, "To honor the women and men of our country, who put their lives on the line for us every day, TaxBrain Online Tax CenterT, now in it's fourth year, provides discounted services to members of the US Armed Forces. TaxBrain offers the perfect solution for servicemen and FSOs traveling overseas, who simply need Internet access and their tax paperwork to file online at www.taxbrain.com."

About TaxBrain® Online Tax Center
TaxBrain 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. TaxBrain is the only web-based tax solution that delivers online preparation, filing, professional assistance and representation for taxpayers in all 50 states. Launched in 2000, TaxBrain delivers the vision of a fully integrated tax center that accommodates the schedule and needs of the busy American lifestyle. In 2002, TaxBrain emerged as one of the most popular services for online tax preparation and filing available on the web. For more information, visit www.taxbrain.com.

About Petz Enterprises, Inc.
Petz Enterprises, Inc. (a closely held California corporation, PEI) is 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, and based in Tracy, California, PEI is dedicated to serving the needs of professional tax practitioners and individual taxpayers nationwide. For more information, visit www.petzent.com.