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TurboTax Small Business Review

If you own a business, it’s important to prepare your taxes. There are a variety of options available for you to select from. Intuit offers a range of service tiers, as well as downloadable solutions for a user-friendly experience when filing taxes. However, these options can be quite expensive especially if you are required to submit multiple state returns.

TurboTax Business is a business tax filing software program that offers users many features. The program allows users prepare federal and state taxes examine for errors and omissions, and receive a swift refund. It assists users in determining their tax obligations for their business and identify deductible expenses. It has a database of more than 350 credits and deductions and Avast Business Patch Management utilizes this data to determine the most effective return for you business.

The software allows users submit quarterly estimated tax payments at the IRS. This is generally required if you anticipate to owe more than $1000 in taxes. Users can choose to make these payments through the Electronic Federal Tax Payment System or mail them in using the 1040-ES form.

The TurboTax Business software is a good option for small-sized businesses that require help with their taxes. Its interface is easy to navigate and the program is able to handle a wide array of credits and deductions. It is specifically designed for single-member LLCs as well as contractors who receive W-2s and 1099-MISCs. The software also helps users with filing returns for S businesses and business partnerships. It also calculates capital gains and loss for property sales, as well as other investment transactions.

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