If you’re closing down your business, you must keep the IRS informed of your plans. The agency needs to know about final employment tax reporting, sale of assets, and TurboTax Home & Business 2016 more. TurboTax Business can help with all your closing-business tax reporting needs. It’s a great way to get your business in order before shutting down.
Another thing to consider is whether or not your chosen tax software offers the forms you need to file. While most leading software programs support a wide variety of federal forms, some state taxes may require special forms or unique situations. If you aren’t sure if your chosen tax software will work for your particular circumstances, check the software vendor’s list of rare situations where their products won’t work.
