![]() ![]() This means transactions should be categorized, accounts should be reconciled, and the balance sheets should be balanced. To get ready to file your business taxes with TurboTax, it’s important that you have your accounting books clean and up to date so that your expert can quickly get to work. So you’re looking at anywhere from $540 to $1,800. I would estimate a few hours for a basic return, with more complex returns taking 8-10 hours. How does this compare to a CPA? A CPA will charge, on average, $180 per hour to complete your business tax returns. TurboTax Assisted Business is listed at $489.Full Service Self-Employed (for those single-member LLCs) is currently priced at $349, and.For a limited time, it is listed at $999. TurboTax Live Full Service Business is normally $1,499. How Much is TurboTax Live Full Service Business? Their business tax experts are available to help as often as needed and can work around your schedule to complete your taxes on time. TurboTax Live Full Service Business might be the perfect solution for those who need all the benefits of a traditional CPA without leaving their home’s comfort. The TurboTax team “stands by their work” and provides personalized service, ensuring every return filed with TurboTax Live is backed by the Expert Approved Guarantee (more on that below). They will be well-versed in helping partnerships (Form 1065), S-Corps (Form 1120S), or Multimember LLC with their taxes.Ĭlients can view their credentials and experience when connecting with a business tax expert. With an average of “16 years of experience”, TurboTax business tax experts have extensive knowledge and expertise in incorporated business taxes. As a CPA, I know that the designation doesn’t ensure quality in your tax preparation. Sometimes it might be an Enrolled Agent or just an experienced tax preparer.įrankly, I don’t see a significant issue here. But because they have to scale this service up they may not always have an actual CPA work with you. I imagine that TurboTax uses as many CPAs as possible for this service. They will help you determine if this service is right for you. If you’re unsure of whether you qualify, just signup and work through the prompts. Those wishing to file as a sole proprietor must use the TurboTax Self-Employed option. This product is designed for incorporated business owners filing taxes as a partnership, S-Corp, or Multi-Member LLC. Have a video call with them, and they’ll take it from there! Not for Single-Member LLCsĪ sole proprietor who wishes to file as a Single-Member LLC will not be able to do so with the Full Service Business Tax product. It’s the highest level of service that TurboTax provides.īy uploading your business tax forms, you can be connected with a specialized business tax expert to handle all facets of filing your taxes from start to finish. TurboTax’s Live Full Service Business is specifically tailored to meet the needs of small business owners who need to file taxes as an S-Corp, Partnership (GP, LP, LLP), or Multi-Member LLC. ![]() What is TurboTax Live Full Service Business? ![]()
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