If you have a corporation, partnership or multi-member LLC, TurboTax Business will maximize your business tax deductions.
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Here's how efile works: Start your return and efile with TurboTax today. The moment the IRS starts accepting returns, scheduled for January 15, 2010, TurboTax will submit your efiled return. The IRS will confirm receipt by e-mail within 48 hours. |
Here's how it works:
Asks easy questions about your business Asks you questions in plain English, then puts your info on the right business tax forms for you
Maximizes business deductions Maximizes business deductions for vehicles and supplies, and helps you find more write-offs by industry
Provides Fast IRS Confirmation Efile included. Federal efile is now included with TurboTax Business.
Why TurboTax Business is the easiest choice for you
TurboTax Business is the do-it-yourself business tax software you've been looking for.
Now you can complete your business taxes on your schedule--and save money doing it.
TurboTax Business covers your federal business tax return for:
- Multi-Member LLCs (Form 1065)
- Partnerships (Form 1065)
- S Corporations (Form 1120S)
- C Corporations (Form 1120)
- Estates and Trusts (Form 1041)
TurboTax Business works best if your small business:
- Is an S Corporation, C Corporation, partnership, or multi-member LLC
- Has revenue of less than $250,000
- Has fewer than five employees
Sole proprietors, consultants, 1099 contractors: use TurboTax Home & Business.
After you do your business taxes, you'll also need a TurboTax personal tax preparation software product. We recommend TurboTax Deluxe.
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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.
Imports Your QuickBooks Data Saves you time and retyping and helps ensure accuracy. You can use your QuickBooks1 tax-ready data to easily import your Profit and Loss statement. If your chart of accounts is not tax ready,2 TurboTax automatically imports your QuickBooks income and expense accounts and classifies them in the appropriate tax categories that you can edit.
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.
Even Easier for Returning Users Saves time by transferring last year's data, including all depreciable assets, to your 2009 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.
Includes Extra Guidance for New Businesses Shows which start-up costs new businesses can deduct.
Makes State Business Taxes Easier, Too No retyping necessary! Transfers your federal data to TurboTax Business State3 so you can complete your state return quickly, easily and with greater accuracy.
Federal Efile Included Federal efile is included with TurboTax Business. It's easier and more accurate than paper filing and is the IRS's preferred filing method.
Maximizes Business Deductions to Help You Save
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.
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
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.
TurboTax Business Includes These Tax Forms
TurboTax Business takes the worry out of deciding which forms you need to file. Just answer simple questions and TurboTax Business fills out the right forms for you.
Partnership (1065) Schedules and Forms | Schedule C | Additional Information for Schedule M-3 Filers |
| Schedule D (Form 1065) | Capital Gains and Losses |
| Schedule F | Profit or Loss from Farming |
| Schedule K-1(Form 1065) | Partner's Share of Income, Deductions, Credits, etc. |
| Schedule M-3 (Form 1065) | Net Income (Loss) Reconciliation for Certain Partnerships |
| Form TD F 90.22.1 | Report on Foreign Bank and Financial Institutions |
| Form 1065 | U.S. Return of Partnership Income |
| Form 2848 | Power of Attorney & Declaration of Representative |
| Form 3115 | Application for Change in Accounting |
| Form 3468 | Investment Credit |
| Form 4562 | Depreciation and Amortization |
| Form 4684, p2 | Casualties and Thefts, Business and Income-Producing Property |
| Form 4797, p1 | Sales of Business Property |
| Form 4797, p2 | Gain from Disposition of Property |
| Form 5884 | Work Opportunity Credit |
| Form 5884A | Credits for Affected Midwestern Disaster Area Employers |
| Form 6252 | Installment Sale Income |
| Form 6478 | Credit for Alcohol Used as Fuel |
| Form 6765 | Credit for Increasing Research Activities |
| Form 6781 | Gains and Losses from Sec. 1256 Contracts and Straddles |
| Form 7004 | Application for Automatic 6-Month Extension of Time to File Certain Business Income Tax, Information, and Other Returns |
| Form 8283 | Noncash Charitable Contributions |
| Form 8308 | Sale or Exchange of Partnership Interest |
| Form 8453-PE | U.S. Partnership Declaration for an IRS e-file Return |
| Form 8586 | Low-Income Housing Credit |
| Form 8594 | Asset Acquisition Statement |
| Form 8609A | Annual Statement for Low-Income Housing Credit |
| Form 8822 | Change of Address |
| Form 8824 | Like-Kind Exchanges |
| Form 8825 | Rental Real Estate Income and Expenses of a Partnership or an S Corporation |
| Form 8826 | Disabled Access Credit |
| Form 8832 | Entity Classification Election |
| Form 8835 | Renewable Electricity, Refined Coal, and Indian Coal Production Credit |
| Form 8846 | Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips |
| Form 8850 | Pre-Screening Notice and Certification Request for the Work Opportunity Credit |
| Form 8861 | Welfare-to-Work Credit |
| Form 8881 | Credit for Small Employer Pension Plan Startup Costs |
| Form 8893 | Election of Partnership Level Tax Treatment |
| Form 8894 | Request to Revoke Partnership Level Tax Treatment Election |
| Form 8903 | Domestic Production Activities Deduction |
| Form 8910 | Alternative Motor Vehicle Credit |
| Form 8916A | Supplemental Attachment to Schedule M-3 |
| Form SS-4 | Application for Employer Identification Number |
C Corporation (1120) Schedules and Forms | Schedule B | Additional Information for Schedule M-3 Filers |
| Schedule D (Form 1120) | Capital Gains and Losses |
| Schedule M-3 (Form 1120) | Net Income (Loss) Reconciliation for Corporations with Total Assets of $10 Million or More |
| Schedule N | Foreign Operations of U.S. Corporations |
| Schedule 0 | Consent Plan and Apportionment Schedule for a Controlled Group |
| Schedule PH | U.S. Personal Holding Company (PHC) Tax |
| Form TD F 90.22.1 | Report on Foreign Bank and Financial Institutions |
| Form 966 | Corporate Dissolution or Liquidation |
| Form 1120 | U.S. Corporation Income Tax Return |
| Form 1120-H | U.S. Income Tax Return for Homeowners Associations |
| Form 1120-W | Estimated Tax for Corporations |
| Form 1120X | Amended U.S. Corporation Income Tax Return |
| Form 1139 | Corporation Application for Tentative Refund |
| Form 2220 | Underpayment of Estimated Tax |
| Form 2220 Sch. A | Adjusted Seasonal and Annualized Income Installment Methods |
| Form 2553 | Election by a Small Business Corporation |
| Form 2848 | Power of Attorney & Declaration of Representative |
| Form 3115 | Application for Change in Accounting Method |
| Form 3468 | Investment Credit |
| Form 3800 | General Business Credit |
| Form 4136 | Credit for Federal Tax Paid on Fuels |
| Form 4255 | Recapture of Investment Credit |
| Form 4562 | Depreciation and Amortization |
| Form 4626 | Alternative Minimum Tax - Corporations |
| Form 4684, p2 | Casualties and Thefts, Business and Income-Producing Property |
| Form 4797, p1 | Sales of Business Property |
| Form 4797, p2 | Gain from Disposition of Property |
| Form 5884 | Work Opportunity Credit |
| Form 5884A | Credits for Affected Midwestern Disaster Area Employers |
| Form 6198 | At-Risk Limitations |
| Form 6252 | Installment Sale Income |
| Form 6478 | Credit for Alcohol Used as Fuel |
| Form 6765 | Credit for Increasing Research Activities |
| Form 6781 | Gains and Losses from Sec. 1256 Contract and Straddles |
| Form 7004 | Application for Automatic 6-Month Extension of Time to File Certain Business Income Tax, Information, and Other Returns |
| Form 8050 | Direct Deposit of Corporate Tax Refund |
| Form 8283 | Non-cash Charitable Contributions |
| Form 8453-C | U.S. Corporation Income Tax Declaration for an IRS E-File Return |
| Form 8586 | Low-Income Housing Credit |
| Form 8594 | Asset Acquisition Statement |
| Form 8609A | Annual Statement for Low-Income Housing Credit |
| Form 8801 | Credit for Prior Year Minimum Tax |
| Form 8822 | Change of Address |
| Form 8824 | Like-Kind Exchanges |
| Form 8826 | Disabled Access Credit |
| Form 8827 | Credit For Prior Year Minimum Tax - Corporations |
| Form 8832 | Entity Classification Election |
| Form 8835 | Renewable Electricity, Refined Coal, and Indian Coal Production Credit |
| Form 8846 | Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips |
| Form 8850 | Pre-Screening Notice and Certification Request for the Work Opportunity Credit |
| Form 8861 | Welfare-to-Work Credit |
| Form 8881 | Credit for Small Employer Pension Plan Startup Costs |
| Form 8903 | Domestic Production Activities Deduction |
| Form 8910 | Alternative Motor Vehicle Credit |
| Form 8916A | Supplemental Attachment to Schedule M-3 |
| Form SS-4 | Application for Employer Identification Number |
| Form TD F 90-22.1 | Report on Foreign Bank and Financial Accounts |
S Corporation (1120S) Schedules and Forms | Schedule D (Form 1120S) | Capital Gains and Losses and Built-in Gains |
| Schedule F | Profit or Loss from Farming |
| Schedule K-1(Form 1120S) | Shareholder's Share of Income, Deductions, Credits, etc. |
| Schedule M-3 (Form 1120S) | Net Income (Loss) Reconciliation for Certain S Corporations with Total Assets of $10 Million or More |
| Schedule N | Foreign Operations of U.S. Corporations |
| Form 966 | Corporate Dissolution or Liquidation |
| Form 1120S | Income Tax Return for an S Corporation |
| Form 2220 | Underpayment of Estimated Tax |
| Form 2220 Sch. A | Adjusted Seasonal and Annualized Income Installment Methods |
| Form 2553 | Election by a Small Business Corporation |
| Form 2848 | Power of Attorney & Declaration of Representative |
| Form 3115 | Application for Change in Accounting Method |
| Form 3468 | Investment Credit |
| Form 4136 | Credit for Federal Tax Paid on Fuels |
| Form 4255 | Recapture of Investment Credit |
| Form 4562 | Depreciation and Amortization |
| Form 4684, p2 | Casualties and Thefts, Business and Income-Producing Property |
| Form 4797, p1 | Sales of Business Property |
| Form 4797, p2 | Gain from Disposition of Property |
| Form 5884 | Work Opportunity Credit |
| Form 6252 | Installment Sale Income |
| Form 6478 | Credit for Alcohol Used as Fuel |
| Form 6765 | Credit for Increasing Research Activities |
| Form 6781 | Gains and Losses from Sec. 1256 Contract and Straddles |
| Form 7004 | Application for Automatic 6-Month Extension of Time to File Certain Business Income Tax, Information, and Other Returns |
| Form 8050 | Direct Deposit of Corporate Tax Refund |
| Form 8283 | Non-cash Charitable Contributions |
| Form 8453-S | U.S. S Corporation Income Tax Declaration for an IRS e-File Return |
| Form 8586 | Low-Income Housing Credit |
| Form 8594 | Asset Acquisition Statement |
| Form 8609A | Annual Statement for Low-Income Housing Credit |
| Form 8822 | Change of Address |
| Form 8824 | Like-Kind Exchanges |
| Form 8825 | Rental Real Estate Income and Expenses of a Partnership or an S Corporation |
| Form 8826 | Disabled Access Credit |
| Form 8835 | Renewable Electricity, Refined Coal, and Indian Coal Production Credit |
| Form 8846 | Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips |
| Form 8850 | Pre-Screening Notice and Certification Request for the Work Opportunity Credit |
| Form 8861 | Welfare-to-Work Credit |
| Form 8869 | Subchapter S Subsidiary Election |
| Form 8881 | Credit for Small Employer Pension Plan Startup Costs |
| Form 8903 | Domestic Production Activities Deduction |
| Form 8910 | Alternative Motor Vehicle Credit |
| Form 8916A | Supplemental Attachment to Schedule M-3 |
| Form SS-4 | Application for Employer Identification Number |
| Form TD F 90-22.1 | Report on Foreign Bank and Financial Accounts |
Fiduciary (1041) Schedules and Forms | Schedule C | Profit or Loss from Business (1041) |
| Schedule D (Form 1041) | Capital Gains and Losses |
| Schedule E | Supplemental Income & Loss (1041) |
| Schedule F | Profit or Loss from Farming |
| Schedule I | (Form 1041), Alternative Minimum Tax-Estates and Trusts |
| Schedule J | Accumulation Distribution for a Complex Trust |
| Schedule K-1(Form 1041) | Beneficiary's Share of Income, Deductions, Credits |
| Form 56 | Notice Concerning Fiduciary Relationship |
| Form TD F 90.22.1 | Report on Foreign Bank and Financial Institutions |
| Form 1041 | U.S. Income Tax Return for Estates and Trusts |
| Form 1041-A | Trust Accumulation of Charitable Amounts |
| Form 1041-ES | Estimated Payment Vouchers |
| Form 1041-T | Allocation of Estimated Tax to Beneficiaries |
| Form 1116 | Foreign Tax Credit |
| Form 1116 AMT | Foreign Tax Credit for AMT |
| Form 2210 | Underpayment of Estimated Tax |
| Form 2210 Sch. AI | Annualized Income Installment Method |
| Form 3115 | Application for Change in Accounting Method |
| Form 3800 | General Business Credit |
| Form 4136 | Credit for Federal Tax Paid on Fuels |
| Form 4255 | Recapture of Investment Credit |
| Form 4562 | Depreciation and Amortization |
| Form 4684, p1 | Casualties and Thefts, Personal Use Property |
| Form 4684, p2 | Casualties and Thefts, Business and Income-Producing Property |
| Form 4797, p1 | Sales of Business Property |
| Form 4797, p2 | Gain from Disposition of Property |
| Form 6252 | Installment Sale Income |
| Form 7004 | Application for Automatic 6-Month Extension of Time to File Certain Business Income Tax, Information, and Other Returns |
| Form 8582 | Passive Activity Loss Limitations |
| Form 8594 | Asset Acquisition Statement |
| Form 8801 | Credit for Prior Year Minimum Tax |
| Form 8822 | Change of Address |
| Form 8824 | Like-Kind Exchanges |
| Form 8855 | Qualified Revocable Trust as Part of an Estate |
| Form 8868 | Application for Extension of Time to File (1st Ext) |
| Form 8903 | Domestic Production Activities Deduction |
W-2/1099 Forms | Form 1096 | Transmittal of Forms 1099 |
| Form 1099-MISC | Miscellaneous Income |
| Form W-2 | Wage & Tax Statement |
| Form W-3 | Transmittal of W-2s Wage & Tax Statement |
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