Intuit has simplified the complex tax preparation system without the use of pen and paper. TurboTax the most popular tax preparation software in Canada. The application makes filing tax returns as simple as child’s play. Want to file TurboTax multiple returns?
That can be done with a click of a button. Such is the power of this software.
There are multiple versions of TurboTax that are developed with a purpose to meet the requirements of different businesses. Example include:
TurboTax program can even run on the web and allows users to prepare tax on the go, having strong internet connectivity. It helps in the accurate preparation of taxes.
The TurboTax Deluxe version and the TurboTax Home and Business versions accord tax experts who are ready to assist through phone support and live chat. The financial information of your company is secure when you are using any TurboTax version as your sign up ID is secured with a password.
For the preparation of multiple returns, you will have to make sure that you create a new login to prepare another return In TurboTax. Follow the instructions that are mentioned below to start a new return. In case you use the TurboTax CD/Download/Desktop product you can prepare and e-file up to 5 Federal tax returns.
Follow the below instructions to start a new return in your tax accounting software:
Ensure that you do not start another return by pressing the back button. If you do so then this will overwrite your previously filed return. You will lose your information and it will be replaced by the one that you will re-enter. You will fail to retrieve your return later.
In case if you wish to change to TurboTax software then here is what you need to remember:
One can have TurboTax multiple returns account with the program; however, the accounts cannot be merged. To view the list of accounts you would need to follow these steps:
In case you have already started filing the Tax return in TurboTax online and now you plan to switch to its software version then here are the few steps you would need to follow:
You can prepare for many federal returns as you like if you are using TurboTax software. Maximum of 5 returns can be e-filed, but in case you have more returns than the same must be paper filed.
You can use either online version of TurboTax or their mobile app to prepare multiple returns. But make sure you use different login’s to file different returns. There are many users who need to file separate returns for family members from the CD/Download version. It is easy and affordable.
The Online TurboTax user gets one return per fee. Every single return requires its own account and user ID. In case you use the same account and user ID for a second return, the first return is overwritten and you lose it forever. The Desktop TurboTax is installed from a CD or download to your own hard drive by the user to prepare and e-file multiple returns for the cost of the software. You are allowed e-file five Federal returns and also more additional ones. If you have TurboTax multiple returns to prepare for family members, Desktop is recommended as it is affordable.
Hope you are now sorted by your query “TurboTax Multiple Returns: How to file them with ease”. In case you still need more info or require personal help then you can directly get in touch with our TurboTax experts.
You can connect with us any time of the day as we remain available round the clock.
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