I STRONGLY RECOMMEND TURBO TAX BUSINESS TO ALL PRO
on February 28, 2025
Posted by: HIMANSHU KOTHARI
from NANTICOKE PA 18634
I WAS USING TURBO TAX FOR BUSINESS FIRST TIME FOR MY CLIENTS FOR FILING S-CORP C-CORP AND PARTNERSHIP RETURNS HAD A FEW HICCUPS BUT THE PERSONALISED HELP BY TEAM MEMBER STEVE REALLY HELP ME TO SOLVE ALL GLITCHES AND I WAS SUCCESSFULL IN PREPARING AND FILING ALL MY CLIENTS RETURNS FOR IRS AS WELL FOR STATES - PA - FLORIDA AND OTHER STATES
I know I could not file my state tax return on-line. However, I thought Turbo Tax would walk me through the process so I could print off the correct documents and mail them to the state.
Pretty good. As a professional trader, it wasn't clear to me that I could just use the prompts to complete my biz return. It would be really helpful if the prompt sections displayed the forms that they are related to. For example, I couldn't find the prompt section that would automatically complete Form 4797; so I completed it manually. Also, it wasn't clear to me how to get the Form 1120S Continuation Statement for M-2 Line 3, Other Additions. I'm hopeful I didn't need it since I only had 1256 Contracts & Straddles to report this year. However, there may be times when interest income will be entered here as well, and I believe I would need the continuation statement to include multiple entries. Other than these perceived gaps, it went pretty smoothly.
Why can't you have a Mac version. It seems to be the only Turbo Tax product that is PC only. It's been like this for about 10 years. How hard can this be?
Process is pretty straight forward and easy to use. I've been using Turbo Tax Advantage Business for a few years now. This year was the easiest and smoothest yet. Only downside is it still does not allow you to import your information from QB Online.