TurboTax® Business to be available for tax year 2022
Intuit’s mission is to power prosperity around the world. As part of that mission, we strive to connect consumers and small businesses to experts so they have confidence that their finances are done right.
Because you, as accounting professionals, are valued partners, we are committed to providing you with up-to-date information about what’s happening across QuickBooks® and Intuit® as a whole in service to our mission. Therefore, we wanted to share with you information about a new service launching from TurboTax® this tax season.
In tax year 2022, Intuit will introduce TurboTax Business, offering full service and assisted tax services to small businesses through its TurboTax Live experts. It will be available starting in December 2022.
TurboTax Business is designed for small businesses that:
- are 1-3 years in business;
- have previously done their business taxes on their own and are not currently connected to an accountant; and
- are filing as a Partnership (GP, LP, LLP), S Corporation, or Multi-Member LLC with a single-state filing only.
Through TurboTax Business, eligible small businesses will be matched with a TurboTax Live expert that best meets their needs.
In preparation for the availability of this offering, TurboTax has launched a website outlining the product offering where small businesses can sign up and indicate their interest. The website is https://www.turbotaxlivebusiness.com/
Do you have feedback for us on the launch of this new TurboTax offering? If so, you can share your feedback here.
Frequently Asked Questions
Q: What is TurboTax Business?
A: TurboTax Business is designed for the needs of incorporated small business owners that must file their taxes as an S Corporation, Partnership (GP, LP, LLP), or Multi-Member LLC. TurboTax Business pairs small businesses with a specialized business tax expert who will do their taxes for them from start to finish. A small business using the service will upload their business tax forms, and we’ll find the right expert for them. The small business will meet on a video call, and they’ll take the process from there.
Q: What are the experts’ qualifications?
A: Our business tax experts have experience and a depth of knowledge in incorporated business taxes. They’re tax experts in businesses that can help partnerships (Form 1065), S Corporations (Form 1120S), or as Multi-Member LLC. They have an average of 16 years of experience. When a small business is connected with a business tax expert, they’ll be able to see their specific credentials and experience. Our tax experts stand by their work and proudly offer personalized service. Every return filed with TurboTax Live is backed by our Expert Approved Guarantee.