Author: SoftwareFiestaTeam

H&R Block covers more filers with its free option. The two Deluxe options are $60 different (H&R Block’s is cheaper) but Turbo. Tax’s Deluxe option supports more forms that self-employed, freelance and contract workers may need. Both services are user-friendly but Turbo. Tax is slightly simpler with more straightforward language. Another frequently asked question is […]

However, if you’re worried about actually being audited, Turbo. Tax recommends purchasing MAX, a more hands-on package, when you file. If you’re worried that your audit risk is elevated, you can purchase Turbo. Tax’s optional MAX bundle as an add-on to any plan before completing your return (you can’t buy it after the fact). MAX […]

If you are using the Turbo. Tax desktop CD/Download editions, any tax data files or saved PDF’s are normally stored in Documents and in the Turbo, and tax folder. If you use the CD or download Turbo. Tax software, your tax files are stored wherever you save them on the computer that you use. In […]

Beginning with the 2019 tax year, you can e-file amended tax returns. If you used Turbo. Tax to prepare Form 1040-X, follow the software’s instructions to e-file the amendment. To amend a return for 2018 or earlier, you’ll need to print Form 1040-X and any other forms you’re amending. When you use Turbo. Tax to […]

You must always file your back tax returns on the original forms for each tax year you are filing. You can always search through the IRS website for the forms, but for quicker access, you should use sophisticated tax preparation software, such as Turbo, and tax. You cannot complete prior year tax forms using instructions […]

You have to use Turbo. Tax Business (different from Home & Business) to file an 1120-S tax return for the S-Corp. Using that program, the S-Corp will issue you a K-1, which you will need for your personal tax return. The most usefull answer is, you should be able to use Free or Basic Live. […]

MAX is the ultimate add-on for tax filing and identity protection, should you feel you need it., all turbo Tax plans come with a multi-state filing option. This feature can be great if you have multiple states you need to file taxes in. You could be asking “Should I buy turbotax max?” However, if you’re […]

Taxpayers who file with Turbo. Tax before February 8 th, 2021, can claim a refund advance if they are expecting a Federal tax refund of $500 or more. In many cases, Turbo. Tax can authorize refund advances within 24 hours of IRS e-file acceptance, which is typically in late January at the earliest. Should I […]

If you received a Schedule K-1 (Form 1065), which you would get if you are in a partnership, that’s another reason you’ll need Turbo, and tax premier. This free version of Turbo. Tax is a great option for taxpayers whose income is largely from W-2s and savings in the bank. The tax software includes a […]

We’ll automatically include four quarterly 1040-ES vouchers with your printout if you didn’t withhold or pay enough tax this year . We do this to head off a possible underpayment penalty on next year’s taxes. You may get these vouchers if you’re self-employed or had an uncharacteristic spike in your income this year. Does turbotax […]