If you run a business, you need to file your taxes. There are a variety of options to pick from. Intuit offers multiple service levels and downloadable options that offer a user-friendly tax filing experience. These solutions can be expensive, especially if they are used to file multiple tax returns for various states.
TurboTax Business is a business tax filing software application that offers users various features. It allows users to prepare federal and state tax returns, check for errors and omissions and receive a swift refund. It also assists in determining the tax liabilities of their business and identify deductible expenses. It has a database that contains more than 350 credits and deductions and utilizes this information to determine the most effective return for you business.
The software also helps users file quarterly estimated tax payments with the IRS. This is generally required if you expect to owe more than $1,000 in taxes. Users can choose to make these payments through the Electronic Federal Tax Payment System or send them in with the 1040-ES form.
The TurboTax Business software is a good option for small-sized businesses that require assistance with their tax returns. Its interface is simple to use and the software can handle various deductions and credit. It is suited for use by data room de sole proprietors, and contractors who receive W-2s or 1099MISC forms. It also allows users to file returns for S corporations and business partnerships. It can also calculate capital gains and losses from property sales and other investment transactions.