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Can I do our S-corp taxes using Quickbooks 2008 and Turbo Tax?

  
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Subject Author Date
Can I do our S-corp taxes using Quickbooks 2008 and Turbo Tax? AsymF 02-11-2008
Posted by AsymF on February 11, 2008, 4:19 pm
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 I would like to skirt around the need for an accountant to do our
taxes and was wondering if I could just use Quickbooks and Turbo Tax
somehow.

Posted by Houston Kid on February 11, 2008, 5:29 pm
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 AsymF wrote:
> I would like to skirt around the need for an accountant to do our
> taxes and was wondering if I could just use Quickbooks and Turbo Tax
> somehow.

You need to use TurboTax for Business. It has the 1120S (plus others).
Quickbooks will export to it if the proper Tax categories have been used.

Posted by Allan Martin on February 12, 2008, 3:37 pm
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>I would like to skirt around the need for an accountant to do our
> taxes and was wondering if I could just use Quickbooks and Turbo Tax
> somehow.



Most businesses use the services a professional to prepare their Federal and
State corporate returns. The IRS is far too busy auditing the returns of
those who skirt around because they are easy pickings.


Posted by Ron Anderson on February 13, 2008, 5:55 pm
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>I would like to skirt around the need for an accountant to do our
> taxes and was wondering if I could just use Quickbooks and Turbo Tax
> somehow.
>
Have to agree with Allan on this one. My sister is a CPA worked for years at
Hughes then for her husbands business and always paid a tax professional to
do the taxes.
They to the classes to keep up with all the crap the IRS comes up with
constantly.



Posted by QBConsultant on February 13, 2008, 6:11 pm
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> I would like to skirt around the need for an accountant to do our
> taxes and was wondering if I could just use Quickbooks and Turbo Tax
> somehow.

You'll wind up paying more in the long run! If you tax return isn't
complicated, it shouldn't cost too much. Ask around for referrals.
OR if you're set on doing your own, at least pay someone to review
them for you.

Michelle L. Long, CPA, MBA
Author of: Successful QuickBooks Consulting: The Complete Guide to
Starting and Growing a QuickBooks Consulting Business
http://www.SuccessfulQuickBooksConsulting.com
http://www.amazon.com/Successful-QuickBooks-Consulting-Comprehensive-Startin=
g/dp/1434810690


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