TurboTax taxcut software packages are some of the most popular software titles for individuals and businesses that prepare taxes online. While there are many titles of tax software, TurboTax is a leader because it provides flexible options for easy filing and ensures all your information is correct. TurboTax software also provides features like live audit support and free e-file for quicker returns.

Because there are many versions of TurboTax software on sale, it is important to know which one will be right for your business. You can find TurboTax software education and training opportunities through resources such as:

1. The Intuit TurboTax website.

2. Third-party resources that train you to use TurboTax.

3. Additional online resources, including tax tips and tools.

Action Steps
The best contacts and resources to help you get it done

Learn about the different types of TurboTax software for sale

Before purchasing TurboTax, first take a look at the many educational resources Inuit offers. Its resources can teach you to use the program, but also to choose the right version for your tax prep needs.

I recommend: The TurboTax website maintained by Intuit has many educational tools, including a service that helps you choose what type of software is right for your needs. It also provides tax calculators and tips to help you understand what types of deductions you may qualify for.

Find third-party resources that can train you to use TurboTax software

Whether you want the benefit of TurboTax rapid refund or just want to learn more about using the program, you can find resources that go beyond what Inuit has to offer. Third-party training opportunities teach you about TurboTax and how you can utilize its features to get the largest tax refund possible.

I recommend: Gateway provides many tutorial topics for the TurboTax Deluxe Edition, which can itemize deductions for individuals and calculate profit and loss for businesses. You can also find programs like those offered by Discovery Center. Located in Chicago, it has a course that can teach you to use TurboTax for filing state and federal taxes.

Watch free videos to get the most out of your free TurboTax trial or TurboTax software

Because taxes can get confusing, there are many online resources that you can use to help you figure out your taxes. Most of these tools are free and can help you find additional deductions, calculate your return, and help you learn the tax laws that apply to your business needs.

I recommend: Expert Village provides many useful videos, including a video on how to fill out the TurboTax questionnaire to get the right deductions for your business. TurboTax also has its own YouTube channel that provides you with additional videos that guide you through the software.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Whether you use the TurboTax Premier software or the Federal Free Edition, it is a good idea to double check all tax returns before submitting them to the IRS.

TurboTax software is a popular way to file business tax returns. If you decide to purchase and use TurboTax software, you will join millions of other individuals and business that use these products. Intuit makes several TurboTax tax cut software packages.

Various TurboTax taxcut software packages are on the market, and each serves a different purpose. Finding the right one can seem daunting. However, the maker, Intuit, wishes to show which product is best for you. Look on its website for detailed information on each product. Intuit even provides a comparison chart, showing the features of each product. Below are three TurboTax software products you’ll want to consider for your business:

1. Take care of your sole proprietorship with TurboTax Home and Business.

2. Use Intuit TurboTax Business to file tax returns for your corporation.

3. Make TurboTax Premier Software your choice for your real estate business or investments.

Action Steps
The best contacts and resources to help you get it done

Use software TurboTax Home and Business to file returns if you're a sole proprietor

If you're a sole proprietor, such as a consultant or 1099 contractor, you'll want to use the software TurboTax Home and Business. This TurboTax software is simple and will ask you questions about both your personal and business income. You'll find that this TurboTax software business application will do all of the hard work for you. For example, it will find business write-offs and tax deductions that even your accountant may not find.

I recommend: You'll want to look at Smarter.com for comparison shopping. Use this website as your guide for finding the best price for TurboTax Home and Business. You'll also find websites selling discount software. PriceSpider.com also shows the prices at other websites for Intuit Home and Business and find what websites have TurboTax software on sale.

File business tax returns with Intuit TurboTax Business for a corporation or partnership

TurboTax Business is one of the most popular TurboTax taxcut packages on the market. If you have employees or independent contractors, use this TurboTax software application to create and print W2s and 1099 forms. This TurboTax deluxe software specifically tailors to the your industry. That way, you'll be able to find what expenses you can deduct from your business, such as office supplies, advertising, and vehicle expenses.

I recommend: Check out NexTag's website for TurboTax Business. NexTag is the leader in comparison shopping. PriceGrabber.com is another website you'll want to visit.

Use TurboTax Premier Software to file tax returns if you have investments or real estate property

If you are a professional investor, use this TurboTax deluxe software application to calculate your capital gains and losses. This software also tracks the exact purchase price when you purchased or sold shares. You'll also want to use this TurboTax deluxe software to find deductions from your real estate business, including travel, insurance, and advertising.

I recommend: ComparisonShop.com shows the top 10 websites that sell TurboTax software. This TurboTax Premier software is one of the most widely used TurboTax Taxcut software packages. Buycheapsoftware.com has this TurboTax software for sale. It’s a full version, so you can take advantage of all this Intuit TurboTax software application’s features.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Make sure you register the software TurboTax package you purchase, and sign up for its newsletter. That way, you will keep abreast of coupons for TurboTax software.

TurboTax software creates tax return forms for individuals and businesses. Although most people do not want to talk about taxes, it is important to understand general tax lingo and how it applies to TurboTax in order to buy the correct edition for your business.

Most businesses use the premiere or business editions, but you should know the differences between the two packages so you can select the tax software that suits your business. Learn the following Turbo Tax software key terms before you shop for TurboTax software or file taxes.

Action Steps
The best contacts and resources to help you get it done

TurboTax Federal Free Edition

The Federal Free Edition software provides the individual with a way to file federal tax returns online and produces the return from the information the consumer provides.

I recommend: TurboTax explains this program and many of its features.

TurboTax Premier

The Premier edition provides a solution for anyone who deals with rental property or investments, or who has come into an inheritance. Use this edition of the software to maximize tax benefits for these particular situations.

I recommend: PC World provides an informative review on TurboTax Premier.

TurboTax Business

Turbo Tax Business offers a complete solution to businesses large and small for completing their tax returns. No matter how complex the return is, with this software, you can just plug in the figures and see the results.

I recommend: Software offers detailed information about TurboTax Business and how to use it.

Sole proprietorship

A sole proprietorship is a business that consists of only one person. TurboTax offers software specifically for this type of business that details exactly which forms you need to complete this kind of a tax return.

I recommend: The Internal Revenue Service (IRS) offers complete details and a definition of sole proprietorship.

W2

A W2 is a wage and tax statement generated by an employer. Employees receive a W2 every year and are able to file taxes with the information provided. Turbo Tax generates W2 forms for business owners in its business software editions.

I recommend: Helium offers a business owner's guide to W2 and 1099 forms.

1099 misc

A 1099 misc is a statement that businesses prepare for independent contractors disclosing the amount paid to perform a job. Contractors receive 1099s in January for use in preparing the current year tax return. TurboTax generates 1099 misc forms for business owners in its business software editions.

I recommend: The University of Iowa offers detailed information about the 1099 misc and its use.