TurboTax Business
There are some great advantages to using
TurboTax Business Tax Software
to prepare your tax return. The real difference is how well
this software adapts to your business industry and helps
you identify tax advantages that you can apply to your return
in order to reduce tax liability.
Here's why TurboTax Business Edition is the best choice for
you to prepare your business tax return.
TurboTax Business Edition is the do-it-yourself business tax software designed to make your business tax filing easy with a structured approach to industry specific guidance.
TurboTax
Online Editions >>TurboTax Business covers your federal business tax return filing for the following business structures:
- 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.
Prepare your business tax return on your schedule—and save money doing it.
TurboTax Business Edition
With TurboTax Business, you don’t need to know a thing about business tax filing.
The intuitive interview process tailors itself to your business (corporation, partnership, or multi-member LLC)
It provides industry specific guidance to simplify your tax
preparation and help you maximize tax savings. Answer simple
questions and let TurboTax Business do the rest.
Save time by transferring last year's data in and see a year-over-year
comparison from one year to another.
Create K-1 Forms Electronically and distribute them in PDF format.
Import Profit & Loss statements from QuickBooks income and expense accounts and classify them in the appropriate tax categories that you can edit.
Create Unlimited W-2, 1099-MISC, 1099-INT and 1099-DIV Forms. Prepare forms for employees, contractors, shareholders and partners.
Additional Features Include:
- Simplifies Entering Income and Expenses
- Handles Multiple Businesses
- Includes Extra Guidance for New Businesses
- Covers Real Estate Rental Property Activities
- Makes State Business Taxes Easier
- Federal Efile Included
- Helps You Get Every Business Deduction You Deserve
- Shows you what business expenses you can deduct including:
- Vehicle Expenses
- Supplies
- Large Purchases
- Promotion and Advertising
- Travel
- Identifies Industry-Specific Deductions
- Simplifies Asset Depreciation
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 and calculates your tax return refund.
TurboTax Business Includes These Tax Forms
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) Partnership 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 5884-A Credits for Affected Midwestern Disaster Area Employers
Form 5884-B New Hire Retention 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 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 8609-A 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 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 8916-A Supplemental Attachment to Schedule M-3
Form 8941 Credit for Small Employer Health Insurance Premiums
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 5884-A Credits for Affected Midwestern Disaster Area Employers
Form 5884-B New Hire Retention Credit
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 8609-A 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 8881 Credit for Small Employer Pension Plan Startup Costs
Form 8903 Domestic Production Activities Deduction
Form 8910 Alternative Motor Vehicle Credit
Form 8916-A Supplemental Attachment to Schedule M-3
Form 8941 Credit for Small Employer Health Insurance Premiums
Form TD F 90-22.1 Report on Foreign Bank and Financial Accounts
