TurboTax is a program that will help you file your taxes. If you own a small business, TurboTax is a great option for filing your taxes. For single-member LLCs, TurboTax Home and Business is best. However, if you have a multi-member LLC, you’ll want to use TurboTax Business. It uses inventory to calculate your profit, and will walk you through all of your business expenses and sales. TurboTax is very easy to use, and the interface will make the process easy for you.
There are many ways to nudge consumers to pay for TurboTax. A simple choice of font or color can nudge a consumer to pay for a product. The company also knows that many people hate taxes and are afraid of getting into trouble with the IRS. Intuit has said it will fight the FTC action, but it’s unclear what exactly will happen. But they don’t know how it will affect TurboTax and other similar companies.
When you use TurboTax, you’ll have a tax expert sign your return as if you were a professional. However, if you have questions, the expert will sign the return as if it were their own. TurboTax Live offers one-on-one tax help throughout the year. The on-screen help is available on your desktop, laptop, and mobile device. Unlimited access to tax experts does not refer to the hours of operation. You can contact a tax expert whenever you’re feeling stressed.
TurboTax also lets you import your 1099s, W-2s, and other IRS forms. It can also import receipts from Square, Uber, and Lyft. As you can see, TurboTax is a great tool for preparing your taxes. However, the free version cannot handle itemized deductions and schedules 1, 2, or 3 of Form 1040. If you’re concerned about accuracy, you can purchase a paid version and download it to your computer.
TurboTax is the best-selling tax software. It can help you get the maximum refund on your taxes and save money. If you’re a Washington Area FCU member, you can get an exclusive discount of $15 off any federal TurboTax product. You can also save an additional $15 if you sign up for TurboTax Federal as a member. You can use this code to get a 15% discount off your next tax return.
H&R Block and TurboTax have different price tags. H&R Block’s free option covers more types of returns than TurboTax. H&R Block also allows you to file multiple state returns, while TurboTax offers only one free option. So, it comes down to personal preference. You may want to check out the free version before purchasing one of the paid versions. You may want to compare the features of each before making a decision.