If you run a business, it’s important to file your taxes. There are a variety of choices to select from. Intuit offers a variety service tiers, aswell being downloadable solutions that provide an intuitive experience when it comes to filing taxes. These options can be costly particularly if they are used to file multiple state tax returns.
TurboTax Business offers a wide array of features for businesses tax filing. The program allows users to file federal and state taxes, check for errors and omissions and receive a prompt refund. It helps users determine their tax obligations for their business and determine deductible expenditures. It has a database with more than 350 deductions and credits, and uses this information to determine the best return for your business.
The software can also help users file quarterly estimated tax payments with the IRS. This is typically required if you are planning to owe more that $1,000 in taxes. Users can choose to make these payments via the Electronic Federal Tax Payment System, or they can mail them in using a 1040-ES form.
The TurboTax Business software is a great option for small businesses that need help with their taxes. Its interface is easy to use and it is able to handle various deductions and credit. It is designed for single-member LLCs and contractors that receive W-2s and 1099MISCs. The software also assists users file returns for S corporations and business partnerships. It also assists in calculating capital gains and losses from property sales and other investment transactions.