TurboTax Business helps taxpayers prepare and file tax returns for an S
Corporation, Partnership/LLC, C Corporation, Estate, or Trust. The
software guides customers step-by-step through their federal business
return in plain English. It categorizes business expenses, offers
helpful examples, and provides guidance on depreciation. In addition,
TurboTax Business also calculates and prints W-2, 1099-MISC forms and
Schedule K-1 for employees, contractors and partners.
It's easier than ever to do your own business taxes.
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.
Improved Imports Your QuickBooks Data
Saves you time and retyping and helps ensure accuracy. You can use your
QuickBooks tax-ready data to easily import your Profit and Loss
statement. If your chart of accounts is not tax ready, TurboTax
automatically imports your QuickBooks income and expense accounts and
classifies them in the appropriate tax categories that you can edit.
Improved 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.
Improved Even Easier for Returning Users
Saves time by transferring last year's data, including all depreciable
assets, to your 2008 TurboTax Business return. A new year-over-year
comparison to last year's return provides extra guidance.
Creates W-2 and 1099-MISC Forms
Helps you prepare forms for employees and contractors. Does all
calculations and prints on plain paper--no need for special-colored-ink
forms. There's no limit on the number of forms you can prepare.
Handles Multiple Businesses
Lets you prepare returns for multiple businesses, even if they are
different entity types. Provides extra guidance for entering multiple
businesses.
Filing Multiple Returns? It’s Easy with TurboTax
You
can prepare and print unlimited federal returns and e-file up to five
federal returns (per IRS guidelines) with TurboTax at no additional
charge. You get all the features and benefits of TurboTax, like
year-over-year transfer and audit support tools.
Federal
e-filing is easy, fast and more accurate than paper filing and
eliminates paperwork hassles. You'll receive IRS confirmation your
return has been received and best of all, you'll get a faster refund—in
as little as 8 days.* And you can start and work on as many returns as
you like and still use all the tax planning features (scenario and
alternative planning) you've come to value without having to pay extra.
*IRS typically estimates 8-15 days for efile with direct deposit.
Includes Extra Guidance for New Businesses
Shows which start-up costs new businesses can deduct.
Improved 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.
New Federal Efile Included
Federal
efile is now included with TurboTax Business. It's easier and more
accurate than paper filing and is the IRS's preferred filing method.
Maximizes Business Deductions
Helps You Get Every Business Deduction You Deserve
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.
Identifies Industry-Specific Deductions
Walks you through typical deductible expenses by industry to help you spot commonly overlooked deductions.
Improved Simplifies Asset Depreciation
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.
Provides Support and Guidance Each Step of the Way
World-Class Help Built Right In
Provides 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 a day, 7 days a week.
FREE Technical Support
Got a software question? No problem! Get answers from a TurboTax expert via e-mail, phone or live chat.
Also Available: Live Tax Advice
Offers one-on-one, live support from highly qualified tax
professionals, skilled at answering questions specifically related to
federal tax law. Additional charges apply.
Helps Reduce Audit Risk
Your risk of an audit is already low: less than 1% of all C Corp, S
Corp, and partnership returns are audited (as compared to more than 3%
of Schedule C returns). TurboTax helps you reduce your risk even
further.
Accurately Calculates Your Taxes, Guaranteed
Does all the math for you and we guarantee its accuracy. Chances are
slim, but if you should get hit with an IRS or state penalty or
interest because of a TurboTax calculation error, we'll pay you the
penalty and interest.
Checks Your Return for Errors
Double-checks your return for accuracy and completeness and helps you
fix any errors before the IRS spots them.You can be confident your
taxes are done right.
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.
System Requirements:
Windows:
Operating
Systems: Windows 2000 with Service Pack 4; Windows XP (32-bit)
Home/Media Center Edition/Pro with Service Pack 2 or higher; Windows
Vista (32-bit) Home Basic/Home Premium/Business/Ultimate
* Note: Administrative rights required for Windows
Processor: 450 MHz 32-bit (x86) or faster processor
RAM: 256 MB
Hard
Drive Space: Federal Products: 500 MB for TurboTax (plus up to 500 MB
for Microsoft Internet Explorer and Microsoft .NET 2.0 SP1); State
Products: 15 MB; Federal plus State Products: 500 MB for TurboTax (plus
up to 500 MB for Microsoft Internet Explorer and Microsoft .NET 2.0 SP1)
Monitor: 800x600 screen resolution (1024x768 recommended)
Internet Connection: 56 Kbps modem (Broadband connection recommended)
Third Party Software: Microsoft .NET 2.0 SP1; Microsoft Windows Installer 3 or higher; Microsoft Internet Explorer 6 or higher; Adobe Flash Player 9 or higher; Adobe Reader 8 or higher
CD-ROM Drive: 2X CD-ROM drive
Printer: Any Windows-compatible inkjet or laser printer
Macintosh:
Operating System: Mac OS X (10.4) or higher
Processor: PowerPC G3 or higher; Intel-based Processor
RAM: 256 MB
Hard Drive Space: Federal Products: 225 MB; State Products: 30 MB; Federal plus State Products: 255 MB
Monitor: 1024x768 screen resolution
Internet Connection: 56 Kbps modem (Broadband connection recommended)
CD-ROM Drive: 2X CD-ROM drive
Printer: Any Macintosh-compatible inkjet or laser printer