Turbo Tax Software Products
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It's easier than ever to do your own business taxes.
If your looking for a way to save money on your business taxes, then TurboTax Business Edition is probably the best choice for you.
Doing your taxes yourself is a win win from the start. First of all, I don't know of reasonable accountants or CPA's when is comes to business taxes. It seems to me that anyone working on my business taxes in the past has had a habit of increasing their charges dramatically every year.
No complaints though, if it weren't for that I would probably still be using one.
For myself, getting out on my own has been a enlightening experience, mentally and financially. I save more now knowing how to properly prepare for tax benefits I never knew about before.
- Automatically imports QuickBooks income and expense accounts, classifying them in appropriate tax categories.
- Simplifies Entering Income and Expenses
- Creates W-2 and 1099-MISC Forms
- Helps prepare forms for employees and contractors.
- No limit on the number of forms you can prepare
- Handles Multiple Businesses
- Extra Guidance for New Businesses
- Maximizes Business Deductions
- Large Purchases (Assets): determines whether you should fully deduct equipment or depreciate
- Promotion and Advertising: deduct expenses like brochures, business cards, web sites, and sponsorships
- Travel: determine when (and how much) you can deduct for meals, airfare, taxis, hotels and more
- Identifies Industry-Specific Deductions
- Simplifies Asset Depreciation
- World-Class 24/7 Support
- FREE Technical Support, Get answers from a TurboTax Online expert by e-mail, phone or live chat
- Live Tax Advice, Offers one-on-one support from highly qualified tax professionals
- Reduce Audit Risk, less than 1% of all C Corp, S Corp, and partnership returns are audited (compared to 3%+ of Schedule C returns). TurboTax Business helps you reduce your risk even further.
Turbo Tax Business Accurately Calculates Your Taxes, Guaranteed
Penalties assessed for IRS or state corrections, or interest because of a error are covered by TurboTax. Use the TurboTax Calculator for accuracy . They will pay you the penalty and interest charges if they are responsible for the error.
- Checks Your Return for Errors
- Alerts You to Audit Red Flags
- Also Available: Audit Defense
- 1 Please contact us for different edition and other tax years.
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- 3.1 TurboTax Basic 2016 Tax Software Federal + Fed Efile PC/MAC Disc
- 3.2 TurboTax Deluxe 2016 Tax Software Federal + Fed Efile PC/MAC Disc (Exclusive)
- 3.3 TurboTax Premier 2016 Tax Software Federal + Fed Efile PC/MAC Disc (Exclusive)
- 3.4 TurboTax Home & Business 2016 Tax Software Federal + Fed Efile PC/MAC Disc (Exclusive)
- 3.5 TurboTax Business 2016 Tax Software Federal + Fed Efile PC Download
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.
- Easier Than Ever — Saves time and gives you a head start by transferring last year's data and showing a year-over-year comparison for your business.
- 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.
- 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.
- 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 State 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
TurboTax coaches you every step of the way, double checks your return and answers any questions you may have, so you can be confident your business taxes are done right.
- Customized for select industries. TurboTax treats you as an individual and provides an experience tailored to your business by spotting commonly-overlooked deductions.
- Up-to-date with the latest tax laws, including information on the impact of the new healthcare laws on your business taxes.
- TurboTax product support is available when you need it, so you know you won't get stuck if you have a question.
- TurboTax helps keep your return safe by flagging areas that might trigger an audit. If anything does come up, TurboTax tells you how to fix it. Plus, audit support tools give you access to step-by-step guidance on what to do if the IRS contacts you.
TurboTax Business is the business tax software you’ve been looking for. Now you can complete your business taxes with confidence — and save money doing it.
EVERYTHING YOU NEED TO EASILY DO YOUR PERSONAL AND BUSINESS TAXES
- Customized interview tailors itself to your type of business (corporation, partnership, multi-member LLC, or Trust)
- Create and distribute K-1 forms electronically in PDF format and save a trip to the post office.
- Easy transfer of your Federal Return to Your State Return 1 (State Return sold separately via easy download).
- Create Unlimited W-2, 1099-MISC, 1099-INT and 1099-DIV Forms, printed on plain paper — no need for special-colored ink forms.
- TurboTax streamlines data entry so you can speed through entering all your business expenses.
- Automatically import your information directly from your QuickBooks 2 files with easy tax line assignment and guidance to ensure your financial data is properly represented on your tax return.
- If you track expenses manually, TurboTax gives you all the guidance you need to ensure you've covered all income sources and expense categories.
- Extra guidance for preparing multiple businesses, even if they are different entity types.
- Guides you step-by-step through a customized rental real estate experience, so you can rest assured all related income and expenses are covered.
- Identifies industry-specific deductions and expenses to help you spot commonly-overlooked deductions.
- Easier, streamlined Federal 1041 experience for Estate & Trusts.
- Updated design and editorial for ease and accuracy in all Federal products (1065, 1120, 1120S, 1041), as well as top selling State Products (sold separately).
- 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.
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.
PROVIDES SUPPORT AND GUIDANCE EACH STEP OF THE WAY
- World-Class Help Built Right In - 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 per day, seven days per week.
- Free technical support-- Got a software question? Get answers from a TurboTax expert via phone or live chat. 3
- Accurately calculates your taxes, guaranteed - If you should get hit with an IRS or state penalty or interest because of a TurboTax calculation error, TurboTax will pay you the penalty and interest.
- Checks your return for errors and helps you fix any errors before the IRS spots them.
- 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. 4
TurboTax Business covers your federal business tax return for:
- Multi-Member LLCs (Form 1065)
- Partnerships (Form 1065)
- S Corporations (Form 1120S)
- C Corporations (Form 1120)
- Estates and Trusts (Form 1041)
TurboTax Business works best if your small business:
- Is an S Corporation, C Corporation, partnership, multi-member LLC, or Trust
- Has revenue of less than $250,000
- Has fewer than five employees
Sole proprietors, consultants, 1099 contractors: use TurboTax Home & Business. TurboTax Business customers also use TurboTax Deluxe for their personal tax returns (sold separately). TurboTax Business State forms (sold separately) are available for easy download. You can easily transfer your Federal Business information so you're well on your way to being done with your State Business Return before you start.
Please contact us for different edition and other tax years.
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turbo tax c corporation
Groan. It’s never a time to get excited when you have to file taxes. That said, and apart from the (sometimes) funny TurboTax YouTube videos that are mimicking “Flo” from Progressive ads, many of you can also steal a smile and a cashback deal (legally). This year the ad theme is no yoke with Humpty Dumpty replacing the Flo inspired ads of yesteryear.
Find out more below about which is the right TurboTax product for you. If you’re eligible like millions of Americans are, then you can grab your chunk of the cash refund. With TurboTax it’s super easy to complete your tax return.
There are five main versions of TurboTax:
Let’s see what they offer as far as features and benefits individually below.
TurboTax Basic 2016 Tax Software Federal + Fed Efile PC/MAC Disc
Basic as the title correctly states, is for the simplest of tax returns. Easy prep, print and e-file with 100% accurate calculations guaranteed. Jump start your refund by automatically importing your W-2 tax forms. Expanded set of self-help tools and support from Intuit’s TurboTax community to get the answers you need 24/7. All this at the entry level Basic edition software.
TurboTax Deluxe 2016 Tax Software Federal + Fed Efile PC/MAC Disc (Exclusive)
All of Basic’s offerings Plus:
Expert help, live on screen—get tax advice from credentialed CPAs and EAs.
Searches 350+ tax deductions and credits (Schedule A)
Maximizes mortgage/property tax deductions (Schedule A)
Turns charitable donations into big deductions with ItsDeductible™
Get a head start by transferring last year’s info from your TurboTax return
Know more about what impacts your tax refund with personalized reports
Store all of your important tax documents for anytime access and protection
TurboTax Premier 2016 Tax Software Federal + Fed Efile PC/MAC Disc (Exclusive)
All of Deluxe offerings Plus:
Covers stocks, bonds, ESPPs and other investment income (Schedule D)
Automatically imports investment income including cost basis (Schedule D)
Covers rental property income and tax deductions (Schedule E)
TurboTax Home & Business 2016 Tax Software Federal + Fed Efile PC/MAC Disc (Exclusive)
All of Premier offerings Plus:
Maximizes business deductions for vehicle, phone, supplies, home office and more (Schedule C)
Find business expenses you may not know about and keep more of the money you earn
Effortless expense and mileage tracking, year round from QuickBooks Self-Employed
TurboTax Business 2016 Tax Software Federal + Fed Efile PC Download
S Corp, C Corp, partnerships, estates, trusts and multi-member LLC
TurboTax Business is for filing small business tax returns, including C and S corporations, partnerships, estates, trusts, and multi-member LLCs. Single member LLCs that have elected to file as a C or S corporation can also use TurboTax Business.
Sole proprietors and single-member LLCs that have not elected to be taxed as a C or S corporation should use TurboTax Home & Business instead since they are taxed as a disregarded entity on the owner’s federal tax return using Schedule C.
TurboTax is a software package published by Intuit for preparing federal and state income tax returns. It makes it easy for normal everyday people to prepare their own tax returns by following a step-by-step question-based guide.
In addition to filing tax returns, TurboTax can help those who are self-employed or running small businesses make estimated quarterly tax payments and create W-2s or 1099s for their employees and contractors.
New TurboTax versions are released at the end of each year and only work for filing tax returns for that year. Most versions of TurboTax include federal tax return preparation and free e-file. Many versions also include a state tax return preparation, but the state e-file is usually an extra fee. Users who don’t want to pay the extra state return filing fee can print and mail their state return at no additional charge.