Example Form 1065 Filled Out: What You Need to Know

When it comes to preparing your business tax return with TurboTax, accuracy is crucial. That's why TurboTax offers a range of guarantees to ensure that you're getting the most accurate calculations possible. In this article, we'll explore what these guarantees mean for you and how they can help protect your business.

TurboTax Audit Support Guarantee - Business Returns

If you receive an audit notice from the IRS or state tax authority based on your TurboTax business tax return, TurboTax offers one-on-one support with a tax professional. This guarantee is available for both current and past years' returns (2022, 2021, and 2020). In addition, if you pay an IRS or state penalty or interest due to a TurboTax calculation error, TurboTax will reimburse the cost.

100% Accurate Calculations Guarantee - Business Returns

TurboTax guarantees that its calculations are accurate. If you pay an IRS or state penalty or interest due to a TurboTax calculation error, we'll pay you the penalty and interest. This guarantee applies for the lifetime of your personal, individual tax return, which is defined as seven years from the date you filed it with TurboTax.

TurboTax Audit Support Guarantee - Individual Returns

If you receive an audit letter from the IRS or state Department of Revenue based on your 2022 TurboTax individual tax return, TurboTax offers one-on-one question-and-answer support with a tax professional. This guarantee is available for both current and past years' returns (2021 and 2020).

Maximum Refund Guarantee / Maximum Tax Savings Guarantee - Individual Returns

If you get a larger refund or smaller tax due from another tax preparation method by filing an amended return, TurboTax will refund the applicable purchase price paid. This guarantee applies for the lifetime of your personal, individual tax return.

100% Accurate Calculations Guarantee - Individual Returns

By choosing TurboTax, you can rest assured that your business taxes will be prepared accurately and with confidence. With these guarantees in place, you know that you're getting the most accurate calculations possible and that you have support available if an audit occurs.

Example form 1065 filled out