Product Description
Includes everything you need to complete your business income taxes.
Amazon.com
TurboTax Business helps taxpayers prepare and file tax returns for an S Corporation, Partnership/LLC, C Corporation, Estate, or Trust. The software guides customers step-by-step through their federal business return in plain English. It categorizes business expenses, offers helpful examples, and provides guidance on depreciation. In addition, TurboTax Business also calculates and prints W-2, 1099-MISC forms and Schedule K-1 for employees, contractors and partners.
Asks easy questions about your business |
Efile for a fast refund |
It's easier than ever to do your own business taxes.
Knows Your Business and Does the Hard Work for You
With TurboTax Business, you don't need to know a thing about business taxes. Its customized interview tailors itself to your type of business (corporation, partnership, or multi-member LLC) and provides extra guidance to simplify tax preparation and help you maximize tax savings. Just answer simple questions and let TurboTax do the rest.Improved Imports Your QuickBooks Data
Saves you time and retyping and helps ensure accuracy. You can use your QuickBooks tax-ready data to easily import your Profit and Loss statement. If your chart of accounts is not tax ready, TurboTax automatically imports your QuickBooks income and expense accounts and classifies them in the appropriate tax categories that you can edit.
Improved Simplifies Entering Income and Expenses
Speeds you through entering all your business expenses, no matter how you track them. If you have a Profit & Loss statement, TurboTax streamlines data entry so you can quickly enter all your income and expenses. If you track expenses manually, TurboTax gives you all the guidance you need to ensure you've covered all income sources and expense categories.
Improved Even Easier for Returning Users
Saves time by transferring last year's data, including all depreciable assets, to your 2008 TurboTax Business return. A new year-over-year comparison to last year's return provides extra guidance.
Creates W-2 and 1099-MISC Forms
Helps you prepare forms for employees and contractors. Does all calculations and prints on plain paper--no need for special-colored-ink forms. There's no limit on the number of forms you can prepare.
Handles Multiple Businesses
Lets you prepare returns for multiple businesses, even if they are different entity types. Provides extra guidance for entering multiple businesses.
Filing Multiple Returns? It’s Easy with TurboTax
You can prepare and print unlimited federal returns and e-file up to five federal returns (per IRS guidelines) with TurboTax at no additional charge. You get all the features and benefits of TurboTax, like year-over-year transfer and audit support tools.
Federal e-filing is easy, fast and more accurate than paper filing and eliminates paperwork hassles. You'll receive IRS confirmation your return has been received and best of all, you'll get a faster refund—in as little as 8 days.* And you can start and work on as many returns as you like and still use all the tax planning features (scenario and alternative planning) you've come to value without having to pay extra.
*IRS typically estimates 8-15 days for efile with direct deposit.
Includes Extra Guidance for New Businesses
Shows which start-up costs new businesses can deduct.
Improved Makes State Business Taxes Easier, Too
No retyping necessary! Transfers your federal data to TurboTax Business State so you can complete your state return quickly, easily and with greater accuracy.
New Federal Efile Included
Federal efile is now included with TurboTax Business. It's easier and more accurate than paper filing and is the IRS's preferred filing method.
Maximizes Business Deductions
Helps You Get Every Business Deduction You Deserve
Shows you what business expenses you can deduct including:
- Vehicle Expenses: Shows you whether you'll get a bigger refund using actual expenses or the standard mileage rate. Provides extra help for splitting vehicle expenses between business and personal use.
- Supplies: Your paper, ink, postage, staples, CDs, coffee, and more can add up to big savings.
- Large Purchases (Assets): Tells you if you should fully deduct equipment this year or if you need to depreciate.
- Promotion and Advertising: Learn how to deduct expenses like brochures, business cards, web sites, and sponsorships.
- Travel: Tells you when (and how much) you can deduct for meals, airfare, taxis, hotels and more.
Identifies Industry-Specific Deductions
Walks you through typical deductible expenses by industry to help you spot commonly overlooked deductions.
Improved Simplifies Asset Depreciation
Reviews your large purchases (assets) and helps you determine the most advantageous, tax-saving strategy for your assets. Then guides you through calculating and reporting depreciation.
Provides Support and Guidance Each Step of the Way
World-Class Help Built Right In
Provides FAQs, tax topic videos, easy-to-follow tips and how-to's, troubleshooting articles, government instructions, and IRS publications, so you can get the answers you need every step of the way.
Why TurboTax Business is the easiest choice for you... TurboTax Business is the do-it-yourself business tax software you've been looking for. Now you can complete your business taxes on your schedule--and save money doing it. TurboTax Business covers your federal business tax return for:
TurboTax Business works best if your small business:
Sole proprietors, consultants, 1099 contractors: use TurboTax Home & Business. After you do your business taxes, you'll also need a TurboTax personal tax preparation software product. We recommend TurboTax Deluxe. |
24/7 Support Web Site
Easily search the TurboTax.com Support knowledge base for answers to your specific questions, 24 hours a day, 7 days a week.
FREE Technical Support
Got a software question? No problem! Get answers from a TurboTax expert via e-mail, phone or live chat.
Also Available: Live Tax Advice
Offers one-on-one, live support from highly qualified tax professionals, skilled at answering questions specifically related to federal tax law. Additional charges apply.
Helps Reduce Audit Risk
Your risk of an audit is already low: less than 1% of all C Corp, S Corp, and partnership returns are audited (as compared to more than 3% of Schedule C returns). TurboTax helps you reduce your risk even further.Accurately Calculates Your Taxes, Guaranteed
Does all the math for you and we guarantee its accuracy. Chances are slim, but if you should get hit with an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest.
Checks Your Return for Errors
Double-checks your return for accuracy and completeness and helps you fix any errors before the IRS spots them.You can be confident your taxes are done right.
Alerts You to Audit Red Flags
Points out deductions and tax situations that may increase your risk of an IRS audit.
Also Available: Audit Defense
Provides full-service representation by a trained tax professional. You will never have to meet with the IRS, unless you want to.
Compare TurboTax Software
Choose the tax preparation solution that best suits your needs:Features
- Customized interview tailors itself to your type of business (corporation, partnership, or multi-member LLC) and provides extra guidance to simplify tax preparation and help you maximize tax saving
- Helps you get every business deduction you deserve, from vehicle expenses to supplies to industry-specific deductions and more
- Saves time by transferring last year's data, including all depreciable assets, to your 2008 TurboTax Business return
- Lets you prepare returns for multiple businesses, even if they are different entity types
- Prepare, print and e-file additional returns for just $9.95 - you get all the features and benefits of TurboTax, like year-over-year transfer and audit support tools, plus you can print and federal e-file at no additional charge
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