Though the company provides tax solutions for various business entities, your structure will determine which product is best.
2015 TURBOTAX FOR S CORP SOFTWARE
TurboTax has long been recognized as one of the top tax software providers, and they offer both basic and more advance tax solutions for small business owners. TaxAct®, founded in 1998, is a leading provider of affordable digital and download tax preparation solutions Learn More TurboTax
2015 TURBOTAX FOR S CORP FOR MAC
However, at this time, software downloads are not compatible with iOS, which can be problematic for Mac users. These bundles $200 and include both business and individual tax software. Software bundles are also available for business owners who need to file 1065, 1120S, or 1120 forms. If choosing the basic, online filing options, you will not need to pay until it’s time to file. If you choose to file your state taxes through TaxAct, you will need to pay an additional $39.99. Regardless of which product you choose, you can expect to pay a base price of $59.99 for your federal forms. For example, if you own a single-member LLC, you can select the Sole Proprietor option, which will allow you to file the Schedule C and 1040 tax return forms.
By selecting the correct entity, you’ll gain access to the basic filing forms required for that business structure: 1120, 1120S, 1040, Schedule C, and 1965. TaxAct offers four specific products, each based on the needs of a specific business entity: S Corps, C Corps, Partnerships, and Sole Proprietorships. There are, however, a few significant differences between the two, the nature of which may make one more suitable than the other. Though there are numerous options available, TaxAct and TurboTax remain two of the most popular options.īoth of these programs offer the basic tools you’ll need to complete your taxes. Though many small business owners turn to tax professionals to fulfill their yearly IRS obligations, others are turning to increasingly efficient tax preparation software.
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