Download Turbotax Business for Mac Catalina Download 2022
Turbotax Business for Mac Though many small business owners turn to tax professionals to fulfill their yearly IRS obligations, others are turning to increasingly efficient tax preparation software. Though there are numerous options available, TaxAct and TurboTax remain two of the most popular options.
Both of these programs offer the basic tools you’ll need to complete your taxes. There are, however, a few significant differences between the two, the nature of which may make one more suitable than the other.
TaxAct offers four specific products, each based on the needs of a specific business entity: S Corps, C Corps, Partnerships, and Sole Proprietorships. By selecting the correct entity, you’ll gain access to the basic filing forms required for that business structure: 1120, 1120S, 1040, Schedule C, and 1965. For example, if you own a single-member LLC, you can select the Sole Proprietor option, which will allow you to file the Schedule C and 1040 tax return forms.
Regardless of which product you choose, you can expect to pay a base price of $59.99 for your federal forms. If you choose to file your state taxes through TaxAct, you will need to pay an additional $39.99. If choosing the basic, online filing options, you will not need to pay until it’s time to file.
Software bundles are also available for business owners who need to file 1065, 1120S, or 1120 forms. These bundles $200 and include both business and individual tax software. However, at this time, software downloads are not compatible with iOS, which can be problematic for Mac users.
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By using TaxAct, you’ll receive the following:
- Step-by-step guidance
- Free IRS e-filing (Up t 5 returns with the purchase of a bundle)
- The ability to import the prior year’s tax returns
- Access to the Answer Center
- One-on-one support from a tax specialist or technical expert (only after payment)
- Ability to important some accounting software reports via CSV format
- 100% accuracy guarantee
- Access your returns for up to 7 years
- 100% satisfaction guarantee
Online Tax Preparation by TaxAct
TurboTax has long been recognized as one of the top tax software providers, and they offer both basic and more advance tax solutions for small business owners. Though the company provides tax solutions for various business entities, your structure will determine which product is best.
If you are self-employed, a contractor, or a freelancer, then you can take advantage of TurboTax Self Employed, which is specifically designed for small business owners who file 1099-MISC and Schedule C forms. The online version retails for $119.99 but is currently on sale for $89.99. If you want to file your state taxes, it will run you an additional $39.99.
If, however, you are an S Corp, C Corp, or Partnership, then you will need to purchase TurboTax Business. This version is available as a download or CD and includes up to five free federal e-files. Though TurboTax Business typically retails for $169.99, it is currently on sale for $159.99. If you want to use it to file state taxes, you will need to add an addition $49.99 per state.
Unfortunately, like TaxAct, TurboTax Business software is not available for Mac users.
If you purchase TurboTax Business, you’ll receive the following benefits:
- Free federal e-filing for up to five returns
- Option to import information directly from QuickBooks Desktop.
- Guidance while entering income and expenses; new businesses can access extra guidance.
- Option to import last year’s TurboTax return
- Error checks throughout each step of the process
- Ability to create unlimited W-2, 1099-MISC, 1099-INT, and 1099-DIV employee forms
- Prepare income tax returns for multiple businesses
- Real estate rental property activities guidance
- 100% accuracy guarantee
TaxAct vs TurboTax: Which should you choose?
Both of these tax preparation options can help you complete your taxes and maximize deductions, and side-by-side, they share a lot of similarities. Both allow you to submit at least one federal e-file for free, provide a 100% accuracy guarantee, and offer the option to upload accounting information to improve efficiency.
At a $59.99 price point regardless of business structure, TaxAct is the more affordable options. This is particularly true if you are filing taxes for an S Corp, C Corp, or Partnership since filing with TurboTax will require the purchase of TurboTax Business at $159.99. And, while it’s true that the TaxAct Bundle will run $200, it also includes personal federal tax filing options
Why pay more if both products provide the same basic info? TurboTax has been long regarded as the more user-friendly option, with customers consistently note an easy-to-use and intuitive experience. Similarly, TurboTax is also credited as offer a higher level of customer support when compared to TaxAct. While TaxAct does provide basic support, the CPAs and enrolled agents (EA) at TurboTax often provide more in-depth guidance.
If you’re looking step-by-step hand holding, which isn’t always a bad thing when it comes to the complexity of taxes, then TurboTax may be your better option. If, on the other hand, you don’t have a lot of questions and just want an affordable tax preparation option with a few frills, then you may want to consider TaxAct.
TurboTax Home & Business + State 2018 Tax Software — $64.99
For freelancers and self-employed workers, TurboTax Home & Business and State 2018 is recommended to prepare your W-2 and 1099 MISC forms, as well as guidance filing personal and self-employment taxes together, such as S Corp, C Corp, LLC businesses, and more.
This software also offers up to five free federal e-files and one TurboTax state filing software, as well as a one-year subscription to Quicken Starter Edition 2018 for taxes, expenses, and other financial tracking.
TurboTax Premier + State 2018 Tax Software — $54.99
If you sold stocks, bonds, or mutual funds in 2018, then TurboTax Premier and State 2018 is for you. It’s for filing complicated returns that may include employee stock purchase plans, rental property ownership, or estate and trust funds for K-1 forms.
This tax software can also keep track of your investments and rental income, as well as offer extra help and coaching for investment sales and stock plans. Simply import your financial data and TurboTax will do the rest to help you get the maximum refund you’re owed.
TurboTax Deluxe 2018 Tax Software — $29.99
The TurboTax Deluxe 201 Tax Software offers everything you need to file your federal tax return if you’re a homeowner or the head of your family. However, the Deluxe version of TurboTax does not include filing state taxes for 2018. For both federal and state taxes, be sure to pick up TurboTax Deluxe and State 2018.
TurboTax Business 2018 Tax Software — $104.99
If you own a small business, then TurboTax Business 2018 is a great option for filing your taxes this year. It works best for people who own a partnership, S Corp, C Corp, a trust or an estate, as well as an LLC business. TurboTax offers guidance for filing business taxes, while it features the latest tax laws to get the most out of your refund. It even features W-2 and 1099 tax form creation for your employees and contractors.
- For Windows PC Only
- This is a Download – No Disc will be shipped
- *Downloads available instantly when you complete your order
TurboTax Business 2018 coaches you every step of the way and double checks your return as you go, so you can be confident your business taxes are done right.
- Customized to your industry, to spot commonly-overlooked deductions and credits
- Up-to-date with the latest tax laws
- No tax knowledge needed – takes your answers to simple questions about your business and fills out all the right forms
- Includes audit alerts—flags areas that might trigger an IRS audit
- Your information is safeguarded – TurboTax 2018 Business uses encryption technology, so your tax data is protected while it’s e-filed to IRS and state agencies
- Help along the way—get answers to your product questions, so you won’t get stuck
Turbotax Business for Mac guides you through your tax return step by step, does all the calculations, and checks your return for errors and overlooked deductions. It lets you file your return electronically to get your refund faster or prints IRS-approved forms on plain paper. Plus, TurboTax has more money-saving advice. It provides easy access to official IRS publications, Money Magazine’s Income Tax Handbook, comprehensive Tax Planners, expert video clips, and more.