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Which turbo tax is best for me? I have a LLC

I also missed my deadline. What can I do?
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Which turbo tax is best for me? I have a LLC

If it is a S or C corp or a multi-member Partnership LLC then you will need to use Turbo Tax Business and file a separate business return.  Then you will get a W2 or K-1 from the Business return to enter into your personal return.  If you get a K-1 from the S corp return you will need to use the Online Premier version to do your personal return (or any Desktop installed program).

Turbo Tax Business is a separate program from Home & Business.  It is not available to do online or on a Mac.  
You can buy the Window's version here…..
https://turbotax.intuit.com/small-business-taxes

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5 Replies

Which turbo tax is best for me? I have a LLC

Solo LLC?  Has it elected S Corp tax status?

Which turbo tax is best for me? I have a LLC

yes S corp tax status

Which turbo tax is best for me? I have a LLC

what can i do if I missed my deadline?

Which turbo tax is best for me? I have a LLC

If it is a S or C corp or a multi-member Partnership LLC then you will need to use Turbo Tax Business and file a separate business return.  Then you will get a W2 or K-1 from the Business return to enter into your personal return.  If you get a K-1 from the S corp return you will need to use the Online Premier version to do your personal return (or any Desktop installed program).

Turbo Tax Business is a separate program from Home & Business.  It is not available to do online or on a Mac.  
You can buy the Window's version here…..
https://turbotax.intuit.com/small-business-taxes

Which turbo tax is best for me? I have a LLC

When S corporations fail to file Form 1120S by the due date (March 15, not April),  the IRS will impose a minimum penalty of $195 for each month or part of the month the return is late multiplied by the number of shareholders.

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