Product Features
- Prepare and print unlimited federal returns; e-file up to five federal
returns (per IRS guidelines) at no additional charge
- Includes free federal efile -- receive IRS confirmation and get your
refund in as few as 8 days
- 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 saving
- Maximizes business deductions, finds tax write-offs by industry, PLUS
easily imports QuickBooks tax-ready info to save time and ensure accuracy
- Lets you prepare returns for multiple businesses, even if they are
different entity types
Product DescriptionTurboTax 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 YouWith 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.
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.
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 RiskYour 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:
- Processor: 450 MHz 32-bit (x86) or faster processor
- 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
- RAM: 256 MB
- 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
- Hard Disk 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)
- Printer: Any Windows-compatible inkjet or laser printer
- Macintosh:
- Processor: PowerPC G3 or higher; Intel-based Processor
- Operating System: Mac OS X (10.4) or higher
- Monitor: 1024x768 screen resolution
- RAM: 256 MB
- Internet Connection: 56 Kbps modem (Broadband connection
recommended)
- CD-ROM Drive: 2X CD-ROM drive
- Hard Disk Space: Federal Products: 225 MB; State Products: 30 MB;
Federal plus State Products: 255 MB
- Printer: Any Macintosh-compatible inkjet or laser
printer
Click here to check for Windows 7 compatibility.
For complete product details please visit the manufacturer's website.
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