If you do not pay enough taxes in during the year, when you go to file your tax return, Turbo Tax will generate quarterly estimated tax payments which will estimate how much you should pay in each quarter so you should not owe the following year. These payments are not required and are a suggestion.
When you are ready to file Turbo Tax will walk you through how to enter in your business income and expenses and will generate the tax forms needed for your business along with your personal tax information as well.
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