[Old Version] TurboTax Business 2020 Desktop Tax Software, Federal Return Only + Federal E-file [PC Download]

4.4 4.4 out of 5 stars | 1,388 ratings

Price: 149.99

Last update: 12-24-2024


About this item

TurboTax Business is recommended if: You have a partnership, own an S or C Corp, Multi-Member LLC, manage a trust or estate, file a separate tax return for my business.
Includes 5 free federal e-files. Business State is sold separately. Free product support via phone.
Prepare and file your business or trust taxes with confidence
Get guidance in reporting income and expenses
Boost your bottom line with industry-specific tax deductions
Create W-2 and 1099 tax forms for employees and contractors
Easily import your data from QuickBooks Desktop (2018 and later)
Save time with streamlined asset depreciation and reporting
Helps increase accuracy and save time with year-over-year data transfer
Those who file with TurboTax Business will still need to file their personal taxes (The primary differentiator between Home & Business and Business is based upon entity type). This product is for Windows only.

From the manufacturer

TurboTax Business 2020

Get your business taxes done right with TurboTax 2020

TurboTax coaches you every step of the way and double checks your return as you go, so you can be confident your business taxes are done right.

  • Prepare and file your business or trust taxes with confidence
  • Includes 5 free federal e-files. Business State is sold separately.
  • Free product support via phone
  • Get guidance in reporting income and expenses
  • Boost your bottom line with industry-specific tax deductions
  • Take care of partnership, S Corp, C Corp, multi-member LLC or trust forms
  • Create W-2 and 1099 tax forms for employees and contractors

TurboTax Business is recommended if any of the following apply:

  • Need to file a separate tax return for your business
  • Have a partnership
  • Own a S or C Corp
  • Multi-Member LLC
  • Manage a trust or estate

Maximize tax deductions

File with confidence

Guidance and support

WINDOWS SYSTEM REQUIREMENTS

NOTE: TurboTax Business is Windows Only

Operating Systems Windows 8, Windows 8.1, Windows 10 (Windows 7 not supported)

RAM 2 GB or more recommended

Hard Disk Space 1 GB for TurboTax (plus up to 4.5 GB for Microsoft .NET 4.5.2 if not already installed).

Monitor 1024x768 or higher recommended.

Third Party Software Microsoft .NET 4.5.2 (included with TurboTax Installer)

Internet Connection 1 Mbps modem (Broadband connection highly recommended). Required for product activation, software updates and optional online features.

Printer Any Windows-compatible inkjet or laser printer. Administrative rights required

Product activation required via internet.

Download option requires free online Intuit account.

Disclaimers:

Installation requirements: Product activation required via Internet. Install and activate on up to five of your computers. Download option requires free online Intuit account.

Operating System Note: As of January 14, 2020, Microsoft no longer provides security updates or support for PCs running Windows 7, as a result, TurboTax 2020 products will not work with Windows 7. TurboTax Business is for Windows only.

Taxes Done Right: 100% Accurate Calculations. If you pay an IRS or state penalty or interest because of a TurboTax calculation error, TurboTax will pay you the penalty and interest.

Maximum tax savings: If you get a larger refund or smaller tax due from another tax preparation method, TurboTax will refund the applicable TurboTax federal and/or state purchase amount paid.

Data Import: Imports financial data from participating companies; may require a free online account. Imports from QuickBooks Desktop for Windows version 2018 and higher only.

60-day, Money-Back Satisfaction: Try TurboTax software. If you're not satisfied, return it to Intuit within 60 days of purchase with your dated receipt for a full refund.

About TurboTax product experts: Customer and product phone support vary by time of year.

TurboTax CD/Download products: Includes tax preparation and printing of federal tax returns and free federal e-file of up to 5 federal tax returns. Additional fees apply for e-filing state returns. E-file fees do not apply to New York state returns. Amount subject to change without notice. TurboTax Business is for Windows only.


Top reviews from the United States

B. Leland Baker
5.0 out of 5 stars Been Using 20 years
Reviewed in the United States on April 12, 2024
I stay with Turbo Tax because it is so easy to use
Dan Carver
5.0 out of 5 stars Money Saving Software I've Been Happy With For Years
Reviewed in the United States on January 16, 2021
I've been using Turbotax products for years and it has not only saved me thousands in tax preparation fees but also allowed me to better understand how business expenses, depreciation, etc. work. I highly recommend their products including this one that allows you to generate W-2s or 1099s for your workers and also lets you do business returns such as partnerships, etc. Note you have to buy the state product separately as this only includes the federal returns but it's still well worth the cost. Also, if you find your audit risk number is high, definitely buy the audit protection. It's cheap and I know a few people who've gone through the process and it was well worth the cost.
Ed S. from FL
5.0 out of 5 stars End the IRS !
Reviewed in the United States on April 5, 2021
Don't pay for an accountant to do your taxes ! DON'T DO IT !!!! I have an S-Corp. I used to pay an accountant every year to handle my business and personal filings. What a maroon ! Every year they'd charge more. I finally changed to a different accountant who charged me far less. Within a few years she was charging me even more ! And I have a very small less-than $100k/yr company. I finally cut the cord, and started using TurboTax for both business and personal. I'll NEVER go back. I pay the extra $60 for AuditDefense and smile.
Coke Classic
4.0 out of 5 stars Works well, as long as you don't have to much detail on your chart of accounts
Reviewed in the United States on March 4, 2021
It takes care of most of my requirements.

Searched on PPP... and they say they have me covered... but they don't explain anything.

And while my books balance, when TurboTax rounds, they are always off by several $. It seems that this is an easy fix... don't have TurboTax round numbers until everything is matched and tied out.
jeifred
5.0 out of 5 stars Be your own CPA.
Reviewed in the United States on July 18, 2021
I have been using Turbo tax for my business for years now. If you have been good with your accounting, this should be a piece of cake for you to file tax yourself. Easy walk through. Electronic filing make it very fast and easy to file.
DWB
5.0 out of 5 stars Replaced an accountant for tax
Reviewed in the United States on November 23, 2020
TT Biz has been my go-to for five years, replacing an accountant and saving lots. I use it for three sixty-member investment funds, generating tax forms and all K-1's via PDF, which are mailed to each member (180 between the funds) by mid-February each year. Lots of kudos from the members and their accountants. TT Biz lets me be (by far) the first K-1's received each year. Never an audit by the IRS. Highly recommend.
Robert
1.0 out of 5 stars Product is not keeping up
Reviewed in the United States on February 10, 2021
The good news: turbotax is better than the alternatives of (a) spending heap plenty $$ to have a cpa file for you or (b) the old days of paper, pencil, and spreadsheets.

Still, the product gives me the feeling Intuit is not trying very hard to keep up or even clean up some of their long standing issues. I gave a rating of two stars because of that.
Examples are:
- it's now Feb 11, just over a month from (corporate) filing deadline and I _STILL_ can't file. That includes generating the K1's my shareholders need. Why? Because Intuit blandly informs me some of the required forms are not ready. They won't even give an estimate of when that might be.
Yeah, I know some of you guys like to work on your returns on March 14. Not me pal, I've got a business to run and can't afford to manage my time that way.
- when I run the error check it persists in finding entries that need to be made. Those could easily have been part of the interview, or in many cases just filled in with the obvious. Others are not obvious and require some effort to clear. How should I know what to put on Form XXXX, Section 3, line 22a? That's why I bought turbo tax.

So then, my overall impression is that of a mature product which is not being well maintained by Intuit. It could and should be better. They are creating an opening for competitors ...

An Update:
Intuit finally released the forms required for me to file.
Duly error checked and passed I proceeded to filing: the federal return is "pending" and the state (CA) return was rejected. The error message given was "Federal Return must be attached with every state submission ..."
It sure looks like Intuit is using their customers to debug the product: this is the kind of error that ought to have been caught by basic product validation testing.
This gets back to my earlier conclusion: the product could and should be better.

Another update: four days after filing my federal return is still "pending". A trip through phone tree hell and finally got Intuit help on the line. They said they don't know, all the IRS has told them is the return is "pending".
They suggested I contact the IRS and inquire. Well that's just great. Remind me again why I paid $150 (100 fed, 50 state) for turbotax please.
Now I'm stuck: I can wait on a phone line all day for the IRS, who knows what I'll learn from them.
This stuff needs to be worked out BEFORE users try to file their returns.

Update: contacted IRS regarding status of my return. They will not discuss efile issues with individuals, only with efile providers -- like Intuit. But surely Intuit knew this when they referred me to the IRS.
In other words, they gave me the run around.
I deducted another star for poor customer service.
Intuit: are you listening?

Final update: 17 Feb, federal return status changed from pending to accepted. Finally. No explanation about what took so long. Retried filing state return, successful this time.
No doubt both Intuit and the IRS will blame any delays/problems on covid19.
I have been a turbotax user for 25 years, personal and business. This year is the absolute worst I have ever seen (as you might infer from the above log).
Memo to Intuit: the reason so many of us buy your products is to provide some much needed buffering from the IRS and the tax code. You are slipping in that mission.
Kenny
5.0 out of 5 stars Reasonably easy to use. Got my return efiled on one day early.
Reviewed in the United States on April 15, 2021
Walks you through and has many explanations of what the IRS wants. Can save as you go so you don't have to complete in one swoop. I had last years tax return to compare it to that was done by my accountant. The result was very similar to accountant.

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