![]() ![]() Once you sign up you’ll be walked through the steps for setting up your account, including business name, address and phone number, Employer Identification Number (EIN) and date of incorporation (if applicable). It’s free until you get ready to file your return. TaxAct offers both online and downloadable versions of its tax preparation software. You can check the status of TaxAct state filing capabilities here. TaxAct may not be available in all states. 100% satisfaction guarantee with a 30 day money-back guarantee (until return is accepted by IRS or state tax agency).Ability to important some accounting software reports via CSV format.One-on-one support from a tax specialist or technical expert (optional, for a fee).Unlimited free support through the Answer Center, or customer support for account and technical support.The ability to import the prior year’s tax returns.TaxTutor Guidance with expert tips and strategies.Step-by-step guidance for deductions and tax credits.With TaxAct, you’ll receive the following: TaxAct also offers TaxAct Express, a mobile app available for iOS and Android that covers TaxAct Self Employed. Sole proprietors also get TaxAct Xpert Assist included in their purchase of Tax Act Self Employed. These bundles currently cost $199.95 and include both business and individual tax software. ![]() Since TaxAct also offers tax software for personal taxes, you can choose a software bundle that includes Form 1040 (for personal returns) along with the appropriate federal tax form for the business such as 1065, 1120-S or 1120, and Form 1041 (for estates and trusts). Not those prices are significantly less expensive than most accounting professionals charge. If choosing the basic, online filing options, you will not need to pay until it’s time to file. If you choose to file your state taxes through TaxAct, you will need to pay an additional $54.95 per state filed ($44.95 per state filing for sole proprietorships). Regardless of which product you choose, the current base price is $124.95 for your federal forms, except for sole proprietorships that pay a base rate of $64.95. For example, if you select the Sole Proprietor option, it will allow you to file the Schedule C and 1040 tax return forms. LLCs are either taxed as disregarded entities (the same as sole proprietorships), as corporations or as partnerships depending on the number of members and their elections.īy selecting the correct entity, you’ll gain access to the basic filing forms required for that business structure: 1120, 1120S, 1040, Schedule C, and 1065. You may notice that LLCs are not on that list. TaxAct offers four specific products, each based on the needs of a specific business entity: Partnerships, S Corps, C Corps, and Sole Proprietorships. Compare Options TaxAct Pros and Cons for Small Business Use Nav to find the right tax solution for your business. Tax software and services can save you time and money by simplifying the tax prep and filing process. ![]()
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