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TaxAct 2016 Business 1120 Edition

Easy Guidance, Tools & Support to Maximize Deductions

Maximize your deductions and save time with various imports & reports

Free e-file

$60 State Additional Bundle with 1040 Software

Answer easy interview questions, let TaxAct do the rest for you

Answer simple, plain-English questions and TaxAct automatically calculates and enters your data into the appropriate tax forms.

Step-by-step guidance to maximize business deductions

TaxAct walks you through a broad range of business expenses to help you accurately report and maximize your deductions.

Free IRS e-file for fast, accurate return filing & confirmation

E-file for free and get notification via email and/or text as soon as your return has been processed by the IRS.

Import last year’s return & fast data entry tools

Save time and minimize data entry errors by importing key data from last year’s TaxAct return. Plus, enter data directly into forms or use quick entry methods for M-3, 4562, K-1, and Schedule L information.

Accounting Records Import

Easily import your Trial Balance Reports in CSV format from accounting software. Once imported, make any necessary adjustments and TaxAct will transfer to the appropriate lines.

Unlimited free support

Personalized help is available 24/7 in the Answer Center and online. Plus, get one-on-one guidance from our tax specialists and technical experts by email and phone for free!

Capital Gains Summary

Capital gains can be confusing, especially as your portfolio grows, and keeping track of all your transactions can be taxing. TaxAct's Capital Gains Summary makes comparing your short and long-term brokerage statement to your tax return fast and easy.

Depreciation and Disposal Summaries

Don't miss any valuable deductions! Easily and quickly review your current, future, and accumulated assets. Depreciation reports include fiscal and short-year calculations.

Reconciliation of income

TaxAct’s list of book to tax differences helps reconcile book income for completing Schedule M-1.

TaxTutor Guidance

Get easy-to-follow, expert tax tips and strategies, including the biggest money-saving deductions, explanations of complex tax laws changes, and pitfalls to avoid.

TaxAct Alerts

Steer clear of problems. TaxAct Alerts meticulously inspects your return for any errors, omissions, and valuable tax-saving opportunities you may have missed.

Prior Year Comparison Report

Finds possible errors resulting from incorrect entries or overlooked information by comparing this year’s return to last year's data.

My Forms

Easily view and navigate to specific forms in your return.

Loan & savings calculators

Effortlessly compute loan payments or the future value of savings deposits, then print amortization and accumulation schedules.

Multiple occurrences of supporting forms

TaxAct allows you to enter multiple copies of many forms.

Custom return printing

Print individual forms or multiple copies of your return.

Bookmarks

Navigate your return on your terms. Simply Bookmark a question to return to it at any time.

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TaxAct System Requirements

Online Products

Windows

  • OS: Windows 7, Windows 8 or 8.1, Windows 10

Mac OS

  • OS: Mac OS X 10.0 or higher

Web Browser

  • Chrome
  • Firefox
  • IE 11
  • Safari
  • Edge
  • Your browser must be set up to accept cookies and JavaScript.
  • Adobe Acrobat Reader Recommended: Download Free Adobe Reader

Download Products (including Professional Editions)

Windows

  • Operating System: Windows 7, Windows 8 or 8.1, Windows 10 (Macintosh not available)
  • Web Browser: Internet Explorer 11
  • Processor: Intel Pentium 4 or later, AMD Athlon 64 or later
  • Monitor: 1024x768 or higher

Subject to change upon IRS releasing final 2016 tax forms.

Included IRS Tax Forms:

Included C Corporation Forms:

1120
U.S. Corporation Income Tax Return
1120-H
U.S. Income Tax Return for Homeowners Associations
1120-W
Estimated Tax for Corporations
1120X
Amended U.S. Corporation Income Tax Return
1125-A
Cost of Goods Sold
1125-E
Compensation of Officers
1139
Corporation Application for Tentative Refund
2220
Underpayment of Estimated Tax
2848
Power of Attorney and Declaration of Representative
3115
Application for Change in Accounting Method
3468
Investment Tax Credit
3800
General Business Credit
4136
Credit for Federal Tax Paid on Fuels
4255
Recapture of Investment Credit
4562
Depreciation and Amortization (Including Information on Listed Property)
4626
Alternative Minimum Tax
4684
Casualties and Thefts
4797
Sales of Business Property
5471
Information Return of U.S. Persons With Respect to Certain Foreign Corporations
5472
Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business
5884
Work Opportunity Credit
6198
At-Risk Limitations
6252
Installment Sales
6478
Biofuel Producer Credit
6765
Credit for Increasing Research Activities
6781
Gains and Losses from Section 1256 Contracts
7004
Extension Time to File
8050
Direct Deposit of Corporate Tax Refund
8283
Noncash Charitable Contributions
8938
Statement of Specified Foreign Financial Assets
8453-C
Tax Transmittal for E-file
8586
Low-Income Housing Credit
8594
Asset Acquisition Statement
8609-A
Annual Statement for Low-Income Housing Credit
8716
Election To Have a Tax Year Other Than a Required Tax Year
8810
Corporate Passive Activity Loss and Credit Limitations
8822-B
Change of Address or Responsible Party
8824
Like-Kind Exchanges
8826
Disabled Access Credit
8827
Credit for Prior Year Minimum Tax
8832
Entity Classification Election
8835
Renewable Electricity and Refined Coal Production Credit
8844
Empowerment Zone Employment Credit
8845
Indian Employment Credit
8846
Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips
8858
Information Return of U.S. Persons With Respect to Certain Disregarded Entities
8878-A
Electronic Funds Withdrawal Authorization for Form 7004
8879-C
Signature Authorization for Form 1120
8881
Credit for Small Employer Pension Plan Startup Costs
8903
Domestic Production Activities Deduction
8910
Alternate Motor Vehicle Credit
8916-A
Schedule M-3 Cost of Goods Sold
8925
Report of Employer-Owned Life Insurance Contracts
8941
Credit for Small Employer Health Insurance Premiums
8949
Sales and Other Dispositions of Capital Assets
966
Corporate Dissolution or Liquidation
982
Reduction of Tax Attributes Due to Discharge of Indebtedness
FinCEN Form 114
Report of Foreign Bank and Financial Accounts

Included C Corporation Schedules:

B
Additional Information for Schedule M-3 Filer
C
Dividends and Special Deductions
D
Capital Gains and Losses
G
Information on Certain Persons Owning the Corporation's Voting Stock
J
Tax Computation
K
Other Information
L
Balance Sheet per Books
M-1
Reconciliation of Income (loss) per Books with Income per Return
M-2
Analysis of Unappropriated Retained Earnings per Books
M-3
Net Income (loss) Reconciliation for Corporations with Total Assets of $10 Million or More
N
Foreign Operations of U.S. Corporations
O
Consent Plan and Apportionment Schedule for a Controlled Group
PH
U.S. Personal Holding Company (PHC) Tax
UTP
Uncertain Tax Positions Statement

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** TaxAct Business 1120 allows you to prepare one 1120 tax return only.
In order to e-file your 1120 federal return, you will need a scanner. The IRS requires that you print authorization Form 8453-C, sign it, scan it, convert the document to a PDF and attach it to your return.