I am a S Corp, have 20 employees and revenue income greater than $250,000 for 2016. Will TruboTax Business work satisfactorily for this condition???

[skeeterman-426]

I could not find answers similar to my question at your site.   All I want to know is in order for me to do my own taxes is if TurboTax Business will fulfill all the requirements for filing an income tax return for a S Corp. with 20 employees and an income greater than $250,000.  I have used TurboTax Home & Business in the past however that program does not appear to fit my requirements.

Would appreciate your response.

Thanks, Dennis

[SweetieJean · Accepted solution]

Yes, TT Business will do this, and is required for an S Corp. Did you try to use H&B in the past for the S Corp?.

 https://turbotax.intuit.com/small-business-taxes/

[TaxGuyBill]

TurboTax does not do anything for payroll related things, so you will need to go elsewhere for those forms.

[VolvoGirl]

Well you can prepare the W2s and 1099Misc using Turbo Tax.  But not the quarterly payroll reports.

[aaronlutterman]

How would I handle the quarterly payments?

    -do I just print-out the quarterly tax statements and send them in with a check?

    -is there a current TurboTax service for this?

    -go through IRS?

    -can use QuickBooks for this?

    -need a CPA?

[Critter]

To get educated on all the payroll tax requirements for your state and the feds seek help from a local payroll company or  a national company like ADP or PayChex.