TurboTax Business 2005 [Old Version]

by Intuit

Product Features

• Audit Alerts flag deductions & situations that may trigger an audit
• Deduction Finder scans your return for overlooked deductions that can save you money
• Pay the right amount of taxes on your C-corporation each quarter, with the
• Official IRS publications and tax advice videos covers everything from insurance deductions to business codes -- with information right from the source
• Industry-specific comparisons to U.S. averages show how your income and deductions stack up against others in your industry

Product Details

• Shipping Weight: 4.8 ounces
• Shipping: Currently, item can be shipped only within the U.S. and to APO/FPO addresses. For APO/FPO shipments, please check with the manufacturer regarding warranty and support issues.
• ASIN: B000B8LX16
• Item model number: 296821
• Date first available at Amazon.com: October 24, 2005
• Average Customer Review: 3.5 out of 5 stars  See all reviews (15 customer reviews)
• Amazon Best Sellers Rank: #4,729 in Software (See Top 100 in Software)

Product Description

TurboTax Business helps you do your S Corporation, Partnership/LLC (up to 100 partners), or C Corporation taxes yourself, OR get them ready for your accountant. Either way, you’ll have more control, more confidence, and more peace of mind with regard to your business taxes. The software guides you through your return step-by-step, handles your specific tax needs, helps you prepare an accurate, complete return, and provides you with valuable tax knowledge. You can also use the software to organize your tax information, so you’ll be able to ask your accountant better-informed questions. Plus, you’ll get more value from meeting with your accountant by knowing the tax implications of your business decisions.

Customer Reviews

Most Helpful Customer Reviews

20 of 23 people found the following review helpful:

4.0 out of 5 stars C. Quarton's Review wasn't for TurboTax for Business, January 28, 2006

By 

Budster (Oregon & New Mexico) - See all my reviews

Amazon Verified Purchase

This review is from: TurboTax Business 2005 [Old Version] (CD-ROM)

Beware of C. Quarton's review of TurboTax for Business, for which he rated the product 1 star due to missed deductions and credits. He's actually referring to individual versions of TT, not the business version. This (the business) version is for preparing corporation, partnership and LLC returns (forms 1020, 1020S, 1065) and it won't prepare individual (1040, 1040A, 1040EZ) returns. His review therefore does not apply to the business version because he is referring to credits given to inviduals, not business entities. I have reported his review as "inappropriate" to Amazon...if his review is still here when you read this, I suggest other users also report it as inappropriate so that Amazon removes it or moves it to one of the individual TT products.

I have used TT for Business (corporations, LLCs) for several years. After I file the returns, I take them to my accountant who then uses them to prepare my personal return. Neither myself nor the accountant has discovered any errors with the business returns. It's a fine product; easy to use, accurate. Buy it with confidence and ignore C Quarton's negative review.

6 of 6 people found the following review helpful:

3.0 out of 5 stars Good Tool but You Still May Need a Tax Pro, February 25, 2006

By 

Paul Cooper "kruseos" (Closter, NJ USA) - See all my reviews
(REAL NAME)   

This review is from: TurboTax Business 2005 [Old Version] (CD-ROM)

I recently purchased TurboTax Business 2005 to complete my S Corp returns. Having used both TurboTax and TaxCut products for personal returns over the years, I have found this business version to be less easy to use. However, it is a good tool to do a "dry run" of taxes and get organized for a meeting with a tax pro. Note, the software to complete your state taxes is extra.
Pros
TurboTax interface and interview format is very helpful and easy to use.
Easy to toggle back and forth between actual tax forms and interview screens.
Help content for GENERAL topics is good.
Even if you still have someone else prepare your returns, this program offers good value for the money.
Cons
Help content on specific items can be very light and even non-existent.
During the error checking, the program may uncover errors but does not provide insight and guidance on how to fix them properly. I found myself having to do independent research to figure out how to resolve certain errors.
If you have tricky aspects to your return and you are not too familiar with the tax code, you will definitely need a tax pro to look things over.
Interview screens for state program is less robust.

5 of 6 people found the following review helpful:

2.0 out of 5 stars Lost Data Problem, March 24, 2006

By 

R. Mcmillen (Plano, TX United States) - See all my reviews
(REAL NAME)   

This review is from: TurboTax Business 2005 [Old Version] (CD-ROM)

I purchased this product from Amazon. After spending probably 15 hours of work entering information, I returned to my computer today to find that the only information remaining in the tax file was my corporate name and address information. All income, expenses, deductions and depreciation entries were gone.
I've had no problems with my system and no failures so I'm at a loss on what happened to all of my work. I regularly saved a fresh copy and the program itself requires that.
The only thing I did other than work on the return was to file an extension, so maybe it has something to do with that, but I don't know what...
Be very careful, there are other reports on the Turbo Tax Forum of users losing their data, even after filing their returns for this year!