Turbo Tax Business Review
Unless you use QuickBooks or QuickBooks Pro to manage your business finances, we recommend that you use the TurboTax online filing program to work on your state and federal return.
You can start right now, and pay nothing until you decide to file, while using the program's extensive features and help files.
If you use QuickBooks, then Turbo Tax Business is the tax preparation software for you.
Turbo Tax Business, at a glance:
• price: 89.95 after $10 rebate
• a must for QuickBooks users
• for C and S Corps and LLCs
• extensive help library
• more help for small business
• free Next-Day Delivery
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Our review of Turbo Tax Business
Overall rating:  (out of 5)
Turbo Tax Business is very different from the other, consumer-oriented tax preparation software packages made by Intuit. It is designed for any business that is managed using QuickBooks, and for anyone else wanting a more complete set of features to help them manage their business.
Will you need this extra functionality?
If you are running your business as anything other than a sole-proprietorship, than yes. If you run your business using QuickBooks, then doubly yes.
Turbo Tax Business is designed to integrate seamlessly with QuickBooks, to help you quickly organize your QuickBooks accounts in way that makes tax reporting easier. It also helps manage payroll taxes (especially end-of-the-year filings) although it is not a standalone payroll application.
The program's biggest advantage is in how it allows you to look at your entire business from a tax point of view, and makes suggestions that can save you thousands of dollars. Its the next best thing to having a tax advisor on your beck and call 24/7.
Click here to order TurboTax Business from Office Max | | |
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Save $300-400 or more with discount rates from all major insurance carriers, as well as local companies. It's like getting a nice refund in April!
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Turbo Tax Business product information
Note: the following is Intuit's own product description.
• Turbo Tax Business for Tax Year 2002 is designed specifically for Corporations (1120), S-Corporations (1120S), Partnerships up to 100 partners (1065), LLCs, and Estates & Trusts (1041). It guides you through your business tax return step-by-step!
• Asks you simple questions
The EasyStep® Interview asks you simple questions, places your answers directly onto IRS-approved forms and automatically performs calculations.
• Identifies deductions and audit items
Deduction Finder helps you take advantage of the latest tax laws to optimize savings. Audit Flags point out business-specific audit items before the IRS does.
• Chooses advantageous depreciation methods
Depreciation Expert automatically chooses the most advantageous depreciation method for your assets.
• Get special tax-saving tools to help you save money in the future.
Tax Savings Action Plan creates a customized report you can print and follow throughout the year to make important decisions.
• Delivers extensive business tax library
Complete with a wealth of business extras, including video tax advice from top financial experts, Fred Daily's Tax Savvy for Small Business, an on-screen tax guide, and the most popular IRS tax publications.
• W-2/1099 Reporter prepares and prints W-2 and 1099-MISC forms for employees and contractors. Turbo Tax Business performs the calculations automatically!
• Helps you prepare form 1041 for Estates and Trusts
The 1041 Federal Interview guides you through the preparation and printing of form 1041 for Estates and Trusts.
• Instantly imports your QuickBooks® data
Improved! The QuickBooks Import feature is now easier to use than ever. It seamlessly imports multiple QuickBooks data files (for QuickBooks 2001 or higher).
• Gives access to live tax advice
Live Tax Advice links give you fast access to accounting/tax professionals who are ready to answer your tax questions via phone or e-mail. Fees apply.
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