TurboTax Small Business Review

If you have a business, it’s crucial to file your taxes. There are numerous options to pick from. Intuit offers a range of service levels, as well as downloadable solutions for an easy and user-friendly experience when you file taxes. These services can be costly especially if used to file multiple tax returns for various states.

TurboTax Business is a business tax filing software application that offers users a variety of features. The program allows users to file federal and state taxes to check for errors and omissions and get a quick refund. It also helps users determine their business’s tax liability and determine tax-deductible expenses. It has a database of more than 350 deductions and credits and uses this information to find the best possible return for your business.

The software also assists users to submit quarterly estimated tax returns with the IRS. If you anticipate owing more than $1,000 in taxes, this is typically required. Users can pay using the Electronic Federal Tax Payment System or mail the form 1040ES.

TurboTax Business is an excellent option for small business owners who need help with their tax returns. Its interface makes it simple to use, and the program can handle various deductions and credit. It is designed for single member LLCs and contractors who are issued W-2s and 1099-MISCs. It also allows users to file returns for S companies and business partnerships. It can also calculate capital gains and losses from property sales and other investment transactions.

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