It is crucial to pay your taxes if you own a business. There are a variety of options available for you to pick from. Intuit offers a variety of service tiers and downloadable options that offer a user-friendly tax filing experience. However, these services aren’t cheap especially if you are required to submit multiple state returns.
TurboTax Business is a business software for tax filing that offers users numerous features. It lets users prepare state and federal tax returns, check them for errors and omissions and receive a fast refund. It also helps users assess the tax liabilities of their company and determine tax-deductible expenses. Its database contains more than 350 deductions and credits and utilizes this data to determine the best possible return for you business.
The software also helps users prepare quarterly estimated tax payments with the IRS. This is generally required if you expect to owe more than $1000 in taxes. You can make turbotaxsmallbusiness.com these payments via the Electronic Federal Tax Payment System, or they can mail them in using the 1040-ES form.
TurboTax Business is a fantastic option for small business owners who need help with their tax returns. Its interface is easy to navigate and the program can handle a variety of credits and deductions. It is suitable for use by sole proprietors and contractors who are issued W-2s or 1099MISC forms. In addition, the software helps users file business partnership and S corporation returns. It can also calculate capital gains and losses from property sales and other investment transactions.