Customer Reviews for TurboTax Business Federal + E-file 2012

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TurboTax Business Federal + E-file 2012

It’s your money. Keep more of it with TurboTax. Why spend more than you should to have someone else do your taxes for you? TurboTax puts the power in your hands to keep more of your hard earned money, with the peace-of-mind of knowing you have experts in your corner every step of the way. Guides you step-by-step, asking plain-English questions that are easy to understand and answer   Customized for select industries to help spot commonly-overlooked deductions, so you know you'll get every penny you deserve. TurboTax is right there with expert help when you need it (year round), so you won’t get stuck if you have a question. Double-checks your return every step of the way to help you get all of the business deductions and credits you deserve Scours your return to flag problem areas that might trigger an audit. If anything does come up, TurboTax tells you how to fix it. Plus, our audit support tools give you access to step-by-step guidance on what to do if the IRS contacts you. Take charge of your taxes with TurboTax. We’ve got your back TurboTax Business Federal + E-file 2012 for WIN State preparation and printing is NOT included in this version. Features: Includes everything needed to complete your business income taxes—and designed for S corporations, C corporations, partnerships, and multi-member LLCs Provides extra step-by-step guidance to help ensure accuracy and maximize business deductions Customized for select industries to help spot commonly overlooked deductions and simplifies asset depreciation Creates W-2 and 1099-MISC forms for your employees and contractors Audit alerts flag potential IRS audit triggers Expert one-on-one answers to your unique questions throughout the year Free Federal E-File‡ files your return electronically to receive IRS confirmation System Requirements Windows® CD/Download Products: Below are the minimum requirements for TurboTax 2012 software installed on a Windows computer. Processor: 1 GHz 32-bit (x86) or faster processor Operating Systems: Windows XP Service Pack 3+ (32-bit)/Windows Vista™ (32-bit and 64-bit)/Windows 7(32-bit and 64-bit)/Windows 8(32-bit and 64-bit) Administrative rights required Memory: 512 MB of RAM (1 GB recommended) Monitor: 800×600 screen resolution (1024×768 recommended) Internet Connection Required: 56 Kbps (Broadband connection recommended) CD-ROM Drive: 2X CD-ROM drive Hard Disk Space: 515 MB for TurboTax (plus up to 1.5 GB for Microsoft .NET 4 client if not already installed) Printer: Any Windows-compatible inkjet or laser printer Third Party Software: Win: Microsoft .NET 4 (included with TurboTax Installer); Adobe Reader 8 or higher Why TurboTax Business is the easiest choice for you ... TurboTax Business is the do-it-yourself business tax software you’ve been looking for.  Now you can complete your business taxes on your schedule—and save money doing it. TurboTax Business covers your federal business tax return for: Multi-Member LLCs (Form 1065) Partnerships (Form 1065) S Corporations (Form 1120S) C Corporations (Form 1120) Estates and Trusts (Form 1041) TurboTax Business works best if your small business: Is an S Corporation, C Corporation, partnership, or multi-member LLC Has revenue of less than $250,000 Has fewer than five employees Sole proprietors, consultants, 1099 contractors: use TurboTax Home & Business. After you do your business taxes, you’ll also need a TurboTax personal tax preparation software product. We recommend TurboTax Deluxe. 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. See a year-over-year comparison after transferring last year's data Now you can create and distribute K-1 Forms electronically in PDF format and save a trip to the post office. Easy transfer of your Federal Return to Your State Return (State Return sold separately3) Skip the data entry and rely on an accurate import of Profit & Loss statements from QuickBooks.1 Creates Unlimited W-2, 1099-MISC, 1099-INT and 1099-DIV Forms-- printed on plain paper—no need for special-colored ink forms. 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. Provides extra guidance for entering multiple businesses, even if they are different entity types. Guides you step-by-step through a customized rental real estate experience, so you can be rest assured all related income and expenses are covered. Maximizes Business Deductions to Help You Save Shows you what business expenses you can deduct including: Vehicle Expenses: Shows you whether you’ll get a bigger refund using actual expenses or the standard mileage rate. Provides extra help for splitting vehicle expenses between business and personal use. Supplies: Your paper, ink, postage, staples, CDs, coffee, and more can add up to big savings. Large Purchases (Assets): Tells you if you should fully deduct equipment this year or if you need to depreciate. Promotion and Advertising: Learn how to deduct expenses like brochures, business cards, web sites, and sponsorships. Travel: Tells you when (and how much) you can deduct for meals, airfare, taxis, hotels and more. Identifies Industry-Specific Deductions --Walks you through typical deductible expenses by industry to help you spot commonly overlooked deductions. Simplifies Asset Depreciation -- Reviews your large purchases (assets) and helps you determine the most advantageous, tax-saving strategy for your assets. Then guides you through calculating and reporting depreciation. Provides Support and Guidance Each Step of the Way Our CPAs, EAs, and Tax Attorneys are here for you year-round so that you can get expert answers to your questions and help when you need it, free (by phone2) World-Class Help Built Right In -- FAQs, tax topic videos, easy-to-follow tips and how-to’s, troubleshooting articles, government instructions, and IRS publications, so you can get the answers you need every step of the way. 24/7 Support Web Site Easily search the TurboTax.com Support knowledge base for answers to your specific questions, 24 hours a day, 7 days a week. FREE Technical Support Got a software question? No problem! Get answers from a TurboTax expert via phone or live chat. Accurately Calculates Your Taxes, Guaranteed† 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 --Double-checks your return for accuracy and completeness and helps you fix any errors before the IRS spots them.You can be confident your taxes are done right. Alerts You to Audit Red Flags-- Points out deductions and tax situations that may increase your risk of an IRS audit. Also Available: Audit Defense --Provides full-service representation by a trained tax professional. You will never have to meet with the IRS, unless you want to.4 Disclaimers: * Cost includes tax preparation and printing of unlimited federal tax returns and free federal efile, of up to 5 federal tax returns.  State Product not included in Basic but available for download.  Additional fees apply for efiling state returns ($19.95).  State Efile fees do not apply to New York state returns.  Prices subject to change without notice.  Internet access required. Not for use by paid preparers.  ‡ Requires a scanner (not included). E-file is not available for 1041 forms.  To complete efile with TurboTax Business, print out the authorization form (8453), sign it, scan it, convert it to a PDF, then attach it to your electronic filing record.   1 *Imports from Quickbooks version 2007 and higher.  Does not import from Quickbooks Online or Mac products. 2 Live Tax Advice is a free service available year-round by phone.Service, experience levels, hours of operation and availability vary and are subject to restrictions and change without notice. (Tax Attorneys are not providing legal adviceand are authorized under IRS Circ 230 to provide tax assistance and advice.)  3. TurboTax Business State sold separately.  4. Service provided by TaxResources, Inc.; additional fees apply. †Accurate Calculations Guaranteed:  We’re so confident your return will be done right, we guarantee it.  If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we’ll pay you the penalty and interest.
Average Customer Rating:
3.818 out of 5
3.8
 out of 
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(11 Reviews) 10
(out of 11 reviews)
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Rating Snapshot (11 reviews)
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8 of 9(89%)customers would recommend this product to a friend.
Customer Reviews for TurboTax Business Federal + E-file 2012
Review 1 for TurboTax Business Federal + E-file 2012
Rating
5 out of 5
5 out of 5
Location:Ridgefield, CT
Date:February 23, 2013

Easy filing for multi-memeber LLC's

Pros: program asks the needed questions
Cons: i was surprised the state return was not incl.
Model Number: Business Corp, Partnerships and LLC's
"very easy setup by asking Questions offering options as you start the process.Partners are defined by percentage ownership and the program walks you thru all the necessary steps. It offers to import your Quickbooks data but I did not always have the catagories defined so it was easier for me to input the income and expense separetly. When done, the K-1 forms werre easily emailed to the partenrs"
Review 2 for TurboTax Business Federal + E-file 2012
Rating
5 out of 5
5 out of 5
Location:Johns Island, SC
Date:February 12, 2013

Easing the tax season

Pros: awesome easy saves you time and money
Cons: have to buy 3 - business premier and home & bus.
"Ordered online, received, already loaded the information and return is ready to go. Love Turbo Tax. Always did taxes without help but this program works so well and is good about reminders and helping with possibilities that will reduce your tax bills."
Review 3 for TurboTax Business Federal + E-file 2012
Rating
3 out of 5
3 out of 5
Location:Los Angeles, CA
Date:February 7, 2013

Why not MAC compatible?

Cons: not mac compatable
Model Number: Business Corporations, Partnerships & LLCS
"Product is hard to correct errors in the return. I don't understand why the Personal program is available for MAC but not the Business one."
Review 4 for TurboTax Business Federal + E-file 2012
Rating
4 out of 5
4 out of 5
Location:San Francisco, CA
Date:January 31, 2013

Not working on Mac!

Pros: it does a great job
Cons: not working with mac!, relatively expensive
Model Number: Turbotax business
"5 stars for Costco for selling this at a very good price. But only 4 stars (even 3 I would say) for the product, for just one reason: It seems it is the only Turbotax that does not work on Macs. We have to go back and forth to our office where we have the only surviving PC of the family.
I would also combine it on one CD with Home, the same way Home+Sole Proprietorship are together.
"
Review 5 for TurboTax Business Federal + E-file 2012
Rating
2 out of 5
2 out of 5
Location:Miami, FL
Date:January 21, 2013

Decent product, overpriced

"The software works pretty well, but I don't see why it costs so much. And unlike all the other versions of Turbotax, this one works with windows only! Mac users, beware!"
Review 6 for TurboTax Business Federal + E-file 2012
Rating
5 out of 5
5 out of 5
Location:Spokane, Washington
Date:January 19, 2013

For the do-it-yourselfer in tax prep

Pros: detailed and easy to use, complete
Cons: expense but better and cheaper than cpa's
"I have used this TT Business software for two "estates" which each required a tax return. Includes a great interview that walks you through the maze and prepares not only the 1041 but also includes K-1 forms for the distribution of income out of the estate and to the beneficiaries. As with all TT versions, it's best to buy the CD and use it on your PC instead of the online version."
1 of 1 people found this review helpful.
Review 7 for TurboTax Business Federal + E-file 2012
Rating
4 out of 5
4 out of 5
Location:Florida
Date:January 3, 2013

Good Product and Can Save Money

Pros: step by step instructions/guidance, error checking
Model Number: Turbo Tax Business - Federal + E-file
"I have used TurboTax Business Federal + E-file for our two small SubS corporations for the past 4 years. It does require an investment in time to complete (it takes me about 1 to 2 hours for each corporation), but the software steps you through everything.
Some matters are a bit confusing (most likely because US tax codes are confusing). I would then pose a question to the electronic "online community" within the program and would get suggestions from some pros or other users within minutes if the question had previously been answered or possibly a day if the answer is a little more involved. Also, I find that each year, using TurboTax is easier, because I'm becoming more accustomed to using the software.
I formerly had our CPA do our tax returns, and even though the accountant said our books were in great shape, he would charge a lot to complete our returns. Now, with some time and effort on my part, I save a ton of money in accounting fees.
I would have given this product 5 stars if telephone support was offered by Intuit, the makers of TurboTax."
1 of 1 people found this review helpful.
Review 8 for TurboTax Business Federal + E-file 2012
Rating
1 out of 5
1 out of 5
Location:Phoenix, AZ
Date:December 25, 2012

Turbo Tax Business

Pros: easy to use once the data are manually put-in
Cons: expensive., have to input interest and dividend data manually.
Model Number: Turbotax - Business
"This is a decent product. However, it does not read 1099 online data from brokerage accounts. At least, it was that way for 2011. It is more expensive that H&R Block software."
0 of 1 people found this review helpful.
Review 9 for TurboTax Business Federal + E-file 2012
Rating
4 out of 5
4 out of 5
Location:REnton WA
Date:December 13, 2012

Turbo Tax Business

Model Number: Turbo Tax Business (Corporations, Partnerships & LLCs)
"I used to hire an accountant to prepare this form for my small C corporation that hasn't made much money for ten years.
Then I would still have to prepare the 1099's and either order the 1099's from IRS or buy them at the office supply store. I used Turbo Tax Business (Corporations, Partnerships & LLCs) in 2011 and I thought it was pretty darn slick.
"
1 of 1 people found this review helpful.