It's easier than ever to do your own business taxes.
Knows Your Business and Does the Hard Work for YouWith 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. Easier Than EverSaves time and gives you a head start by transferring last year's data and showing a year-over-year comparison for your business. *New* Creates K-1 Forms Electronically Now you can distribute K-1s electronically in PDF format and save a trip to the post office. Imports Your Data Skip the data entry and rely on an accurate import of Profit & Loss statements from QuickBooks.1 If your chart of accounts is not tax-ready,2 TurboTax automatically imports your QuickBooks income and expense accounts and classifies them in the appropriate tax categories that you can edit. | Feel Confident Your Taxes |
Creates Unlimited W-2, 1099-MISC, 1099-INT and 1099-DIV Forms Prepare forms for employees, contractors, shareholders and partners. All calculations can be done and printed on plain paper—no need for special-colored ink forms. 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. Handles Multiple Businesses Lets you prepare returns for multiple businesses, even if they are different entity types. Provides extra guidance for entering multiple businesses. Includes Extra Guidance for New Businesses Shows which start-up costs new businesses can deduct. *Improved* Covers Real Estate Rental Property Activities Guides you step-by-step through a customized rental real estate experience, so you can rest assured that all related income and expenses are covered. Makes State Business Taxes Easier, Too No retyping necessary! Transfers your federal data to TurboTax Business State3 so you can complete your state return quickly, easily and with greater accuracy. Federal Efile Included Federal efile is included with TurboTax Business. It's easier and more accurate than paper filing and is the IRS's preferred filing method.4 | 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. |
Maximizes Business Deductions to Help You SaveHelps You Get Every Business Deduction You DeserveShows you what business expenses you can deduct including:
Walks you through typical deductible expenses by industry to help you spot commonly overlooked deductions. 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. | Here's how it works:Asks easy questions in plain English, then fills out the right business tax forms for you Maximize business deductions for vehicles and supplies and helps find more write-offs by industry Federal efile is now included for fast IRS confirmation |
Provides Support and Guidance Each Step of the WayWorld-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. 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 phone or live chat. Also Available: Ask a Tax Expert 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 RiskAccurately 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.5 | Efiling Your Business Returns Efile Included--Federal efile is included with TurboTax Business. State efile available for an additional fee. Filing for Multiple Businesses?--You can efile up to five federal returns at no additional charge. System Requirements:
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*Cost includes tax preparation and printing of unlimited federal tax returns and free federal efile of up to 5 federal tax returns. State e-file is an additional fee. E-file fees do not apply to New York state returns. All prices are subject to change without notice. 1. 2005 or higher for Quick-import; 2009 for Classic import. 2. Tax-ready means that the tax line assignments are made to your chart of accounts. 3. TurboTax Business State sold separately. 4. To complete efile with TurboTax Business, print out the authorization form (8453), sign it, scan it, convert it to a PDF, then attach it to your electronic filing record. Requires a scanner (sold separately). 5. Service provided by TaxResources, Inc.; additional fees apply. 6. Live tax advice service is free and available by phone or chat through 4/30/12 for questions on 2011 U.S. Federal and State tax returns (restrictions apply). Service, experience levels, hours of operation, and availability vary and are subject to change without notice.
Features
- Includes everything needed to complete your business income taxes
- Guides you step-by-step to ensure accuracy and maximize business deductions
- Identifies industry specific deductions and simplifies asset depreciation
- Creates W-2 and 1099-MISC forms for your employees and contractors
- Includes Audit alerts
- Free one-on-one expert tax advice live by phone or chat
- Guides you step-by-step to ensure accuracy and maximize business deductions, including audit alerts
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