2018 TurboTax Business federal e-file & federal tax return for PC only.
(Note: The CD comes with the federal software only. The State software download link is not available after five years later. But you can download the blank forms in the google search referring to your own state. It's available for free download blank forms of your state as you need it ).
(The CD comes with the white paper sleeve only without box or cases).
The Turbo Tax for Business it is very easy to prepare the tax return by follow step by step guidance and double check as you go such as . It is able to transfer data information import from previous tax year to the current tax year.
* 1 State product via download free without charge, the state links download has been removed by the company after five years. It's available only federal software program with the CD.
If
you need to purchase the federal & all the states that it comes with the
CD, we have year for 2015 Turbo Tax Home & Business version for the earlier version by clicking the links to
purchase in my listing. |
· Save time by importing financial data including W-2s, 1099 forms, plus import from Quicken and QuickBooks.
· Additional help to maximize 350 +deductions and credits to make sure you get most refund.
· Audit Risk Meter helps you reduce the chance of an audit. It‘s deductible helps you accurately value
Note: Please
read all the compatible with PC window
& Mac OS: If it is not compatible, it will not be working.
For Window: Win 7, Win 8, Win 8.1, Win 10.
For Mac OS: It can not be installed or open application.
Being self-employed means you're a sole proprietor
and your business is a sole proprietorship.
Sole proprietorships:
A married couple can be considered sole
proprietors when they elect on their 1040 to treat their jointly owned and
operated business as a qualified joint
venture.
Organizations that aren't
sole-proprietorships:
When you're a sole proprietor, you'll need to
file Form 1040 (Individual Income Tax Return) with a Schedule C to calculate
your net profit or loss.
Once we determine you have self-employment
income, we create your Schedule C and also review the income and expenses
associated with your business.
Related Information:
Where do I enter
Schedule C?
·
If you're
self-employed, it's likely you need to fill out an IRS Schedule C to report how
much money you made or lost in your business.
·
We'll automatically
complete Schedule C for you when you add your self-employment income in
TurboTax (usually Form 1099-NEC or 1099-MISC). It gets attached to your Form
1040, which we'll also handle for you.
·
If you need Schedule C
to report a 1099-NEC or 1099-MISC, search for 1099-NEC or 1099-misc and
select the Jump to link. We'll ask questions to find out if
your 1099 income needs to go on Schedule C.
Take a look at your
form. A 1099-NEC having an amount in box 1 and 1099-MISC with an amount in
boxes 1, 5, 9, or 10 is a good indicator that it's self-employment income.
Whether you’re a sole
proprietor, an independent contractor, a consultant or a freelancer, you’re
probably getting some or all of your income reported on a 1099-NEC, 1099-MISC
or 1099-K. You have flexibility to work the way you want, but it also means the
government considers you to be self-employed — or even a business.
Follow these
instructions to enter a 1099-NEC and/or 1099-MISC form.
After you enter the info from your form, we’ll ask you a few questions to make
sure it’s for self-employment. If not, we’ll link it to the correct income
section of your return.
A non-work 1099-MISC
would be for things like:
Here how to enter a 1099-MISC that
you may have received for another reason.
After you enter the info
from your form, we’ll ask you a few questions to determine what type of
1099-MISC it is and link it to the correct income section of your return.
When you’re paid this
way, there’s no withholding taken out of your income, which means you’ll pay
both self-employment tax as well as income tax.
A benefit of being
self-employed is that it enables you to have lots of write-offs as well, so
make sure to enter all your expenses. This helps you reduce the taxes you might
owe or increase your refund. We’ll help you get every possible tax break you
deserve.
A C Corporation (usually
simply called a "corporation") is a separate legal entity that offers
the greatest flexibility with respect to ownership and the free transferability
of ownership interest.
Corporations file their
own tax returns using Form 1120 to report income and losses.
Income is first taxed at
the corporate level and, when distributed as dividends, the same money is taxed
again at the shareholder level. As a result, income generated by a corporation
can be taxed twice.
An S Corporation is
a small business corporation, usually with less than 100 shareholders, which
has elected to have its profits pass through to its shareholders, in the same
manner as a partnership or sole proprietorship.
The owners
(shareholders) of an S Corporation receive the benefit of limited liability,
and are treated in the manner of partners for purposes of taxation. Income and
losses from the business are passed directly to the shareholders, who then
report their share of those amounts on their personal tax return. The S
corporation itself will file an 1120S.
Partnerships are a type of
unincorporated business organization in which multiple owners, or partners,
manage the business and are equally liable for its debts.
Unlike an LLC or a
corporation, each partner shares equal responsibility for the company's
profits, losses, debts, and liabilities.
The partnership itself
doesn't pay income taxes, but each partner has to report their share of
business profits or losses on their individual tax return. The partnership will
also file a Form 1065 tax return.
Limited Liability
Companies (LLCs) are a type of business structure that combines the
advantages of a corporation with those of a sole proprietorship or partnership.
Multi-member LLC profits
and tax benefits are split by its owners (members). LLC returns are filed only
for reporting purposes; the members report their business profits or losses on
their individual (Form 1040) tax returns.
Not all multi-member LLC
will file a 1065, however. A few will need to file as a corporation (Form
1120).
An estate consists
of personal, real, and intangible property that was owned by someone at the
time of their death, whereas a trust is
an arrangement whereby property is given by one person (the settler) to be held
by another (the trustee) for the purposes of benefiting a specific class of
persons or the general public (the charitable purpose).
Tax returns filed on the
behalf of estates and trusts are also called fiduciary returns. A fiduciary is an
individual or organization legally responsible for managing assets on behalf of
another party, usually called the beneficiary. The fiduciary is obligated to
manage the beneficiary's assets in the best interests of the beneficiary.
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· 2018 TurboTax Business federal e-file or federal tax return for PC only, CD with the blank white paper sleeve cover insert.
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