New single owner LLC filing questions

[gebhart23]

I started a new single owner LLC this year, created a bank account to separate the incoming cash, and have tracked my expenses. My wife feels I need to hire a person to do our taxes for us with this change, but we've been quoted at $700-800 for the service. How can Turbo Tax help to make sure we are good with our taxes federal and state?

[John-H2021]

Hello gebhart23,

With a single person LLC it will be reported on a schedule C  with your tax return. It sounds like you have good record keeping so it shouldn't be hard for you to complete. 

You have a few options with TurboTax

1. Do the return on your own

2. Do the return with live assistance from a tax expert

3. We offer Full Service returns, you would upload all your documents to an expert and we will complete the return for you while you're on the phone with us. For this option we sign the return as paid preparer and file it for you (like going to a tax office but it's all virtual)

[gebhart23]

Can you list the pricing for these options? Thank you! Sounds like we will stick with Turbo Tax.

[John-H2021]

Here is a link to compare the price (2023) for different products 

https://turbotax.intuit.com/personal-taxes/compare/online/