If you run an enterprise, it’s essential to complete your tax returns. There are many options to choose from. Intuit provides a variety of service levels and downloadable options that offer a user-friendly tax filing experience. These services can be costly especially if used to submit multiple tax returns to different states.
TurboTax Business is a business tax software application that provides users with various features. It allows users to prepare federal and state tax returns, review them for errors and omissions, and then receive a quick refund. It also assists in determining the tax liabilities of their business and determine the tax-deductible expenses. Its database contains more than 350 deductions and credits, and uses this information to determine the best return for your company.
The software allows users to make quarterly estimated tax payments at the IRS. This is usually required if you expect to owe more than $1000 in taxes. Users can pay using the Electronic Federal Tax Payment System or mail in the form 1040ES.
The TurboTax Business software is a great option for small-sized businesses that require assistance with their taxes. Its interface is easy to navigate, and it can handle a variety of deductions and credits. It is designed for single member LLCs and contractors who are issued W-2s and 1099-MISCs. The software also helps users to file returns for S companies and business partnerships. It can also help calculate capital gains and losses for property sales and other investment transactions.
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