TurboTax Business—Easily Prepare and File Your Business Taxes

It’s easier than ever to do your own business taxes.

Knows Your Business and Does the Hard Work for You

• You Don’t Need to Know a Thing About Business Taxes — Whether you have a Corporation, partnership, or multi-owner LLC, TurboTax Business provides support and guidance so you feel confident you are doing your business taxes right. Just answer simple questions and let TurboTax do the rest.
• Create W-2 and 1099-MISC Forms — Helps you prepare unlimited forms for employees and contractors—guaranteed 100% accurate. Prints on plain paper—no need for special-colored-ink forms, and there’s no limit on the number of forms you can prepare.
• Industry-Specific Deductions — Walks you through typical deductible expenses specific to your industry to help you spot commonly overlooked deductions.
• Extra Guidance for New Businesses — Shows which start-up costs new businesses can deduct.
• Multiple Business Entry — If you have multiple businesses, the same copy of TurboTax Business can be used for all of them, even if they are different entity types. Completes tax forms 1065, 1120S, 1120, and 1041 for all your businesses.
• Makes Asset Depreciation Easy — Reduce your taxes with a step-by-step review of your large purchases (assets). TurboTax Business helps you determine the most advantageous, tax-saving strategy for your assets, and guides you through calculating and reporting depreciation.

Maximizes Business Deductions

In-depth questions show which expenses you can deduct, including industry-specific deductions and:

• Vehicle — Get extra help for deducting actual vehicle expenses such as gas, oil changes, new tires, and repairs.
• Supplies — Your paper, ink, postage, staples, CDs, coffee, and more can add up to big savings.
• Large Purchases (Assets) — Find out whether you should fully deduct equipment this year or need to depreciate.
• Promotion and Advertising — See how to deduct expenses like brochures, business cards, Web sites, and sponsorships.

Easier Data Entry to Save You Time

• Imports Your QuickBooks Data — Use your QuickBooks tax-ready data (QuickBooks 2006 or higher, Windows only) to easily import your Profit and Loss statement (and Balance Sheet, if required). If your chart of accounts is not tax ready*, TurboTax Business automatically imports and classifies your QuickBooks income and expense accounts into appropriate tax categories which you can edit. Note: This import method is not available for your Balance Sheet.
• Simplified Income and Expense Entry — If you have a Profit & Loss statement, TurboTax maps to your P&L making it easier to enter all your income. And when entering expenses, additional deduction examples show even more ways to maximize your deductions.
• Transfers Federal Data to Business State — Transfer your federal data from TurboTax Business to complete your state return quickly, easily, and accurately. TurboTax Business State must be purchased separately.
• Year-to-Year Data Transfer — Each year, save time by transferring your info from the prior year TurboTax Business returns, including all depreciable assets.
• E-file Your Federal Return — Faster, easier, and more accurate than paper filing, e-filing is the IRS’s preferred method.**

Provides Support and Guidance Each Step of the Way

• World-Class Help Built Right In — With FAQs, tax topic videos, easy-to-follow tips and how-to’s, troubleshooting articles, government instructions, and IRS publications, you’ll get the answers you need each step of the way.
• 24/7 Support Web Site — The TurboTax.com Support site is there for you 24 hours a day, 7 days a week. Easily search the knowledge base for answers to your specific questions.
• FREE Technical Support — Got a software question? No problem! Get answers from a TurboTax expert via e-mail, phone or live chat.
• Available: Live Tax Advice — Fast access to Live Tax Advice: 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

Your 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 — TurboTax 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 — TurboTax double-checks your return for accuracy and completeness and helps you fix any errors before the IRS spots them—so you can be confident your taxes are done right.