Knows Your Business and Does the Hard Work for You

With 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 QuickBooks1 tax-ready data to easily import your Profit and Loss statement. If your chart of accounts is not tax ready,2 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.
* 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 State3 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.4