topic Which turbo tax is best for me? I have a LLC in Business & farm

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

alexhugofilms — Mon, 03 Jun 2019 17:35:09 GMT

I also missed my deadline. What can I do?

Solo LLC? Has it elected S Corp tax status?

SweetieJean — Mon, 03 Jun 2019 17:35:11 GMT

Solo LLC? Has it elected S Corp tax status?

yes S corp tax status

alexhugofilms — Mon, 03 Jun 2019 17:35:14 GMT

yes S corp tax status

what can i do if I missed my deadline?

alexhugofilms — Mon, 03 Jun 2019 17:35:15 GMT

what can i do if I missed my deadline?

If it is a S or C corp or a multi-member Partnership LLC...

VolvoGirl — Mon, 03 Jun 2019 17:35:16 GMT

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

When S corporations fail to file Form 1120S by the due da...

SweetieJean — Mon, 03 Jun 2019 17:35:17 GMT

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.