TurboTax Small Business Review

If you own a business, you need to complete your tax returns. There are many options to pick from. Intuit provides a variety of service tiers as well as downloadable solutions for an easy and user-friendly experience when you file taxes. These options can be costly especially if used to prepare multiple tax returns for different states.

TurboTax Business is a business software for tax filing that provides users with many features. The program allows users to file federal and state tax returns examine for errors and omissions, and receive a prompt refund. It also helps users assess the tax liabilities of their company and identify deductible expenses. Its database contains more than 350 credits and deductions and uses this information to calculate the best return for you business.

The software helps users make quarterly estimated tax payments with the IRS. This is typically required if you expect to owe more that $1,000 in taxes. Users can choose to make these payments via the Electronic Federal Tax Payment System, or they can mail them in using the 1040-ES form.

The TurboTax https://turbotaxsmallbusiness.com/ Business software is a great choice for small businesses who require assistance with their tax returns. Its interface makes it simple to use and it can handle many different deductions and credit. It is designed for single member LLCs and contractors that receive W-2s and 1099MISCs. In addition, the software assists users in filing business partnership and S corporation returns. It can also help calculate capital gains and losses for property sales and other investment transactions.