TaxAct 2020 Business 1120 Edition
Easy Guidance, Tools & Support to Maximize Deductions
Maximize your deductions and save time with various imports & reports
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
Never get stumped by a tax question. Search for the fastest answers in the Answer Center, or contact us for free account & technical support when you need it.
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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After January 14, 2020, Microsoft will no longer provide security updates or support for PCs running Windows 7. For the best experience and security of your data, you will need to update your system to Windows 8.1 or 10.
| Tax Forms, Schedules and Worksheets | |
|---|---|
| Form 1120 | US Corporation Income Tax Return |
| Form 1120H | US Income Tax Return for Homeowners Associations |
| Form 1120W | Estimated Tax for Corporations |
| Form 1120X | Amended US Corporation Income Tax Return |
| Schedule B | Additional Information for Schedule M3 Filers |
| Schedule D | Capital Gains and Losses |
| Schedule G | Information on Certain Persons Owning the Corporations Voting Stock |
| Schedule M3 | Net Income or Loss Reconciliation for Corporations with Total Assets of 10 Million or More |
| Schedule N | Foreign Operations of US Corporations |
| Schedule O | Consent Plan and Apportionment Schedule for a Controlled Group |
| Schedule PH | US Personal Holding Company PHC Tax |
| Schedule UTP | Uncertain Tax Position Statement |
| Form 1125A | Cost of Goods Sold |
| Form 1125E | Compensation of Officers |
| Form 1139 | Corporation Application for Tentative Refund |
| Form 2220 | Underpayment of Estimated Tax by Corporations |
| Form 2553 | Election by a Small Business Corporation |
| Form 2848 | Power of Attorney and Declaration of Representative |
| Form 3115 | Application for Change in Accounting Method |
| Form 3468 | Investment Credit |
| Form 3800 | General Business Credit |
| Form 4136 | Credit for Federal Tax Paid on Fuels |
| Form 4562 | Depreciation and Amortization Including Information on Listed Property |
| Form 4684 | Casualties and Thefts |
| Form 4797 | Sales of Business Property |
| Form 5471 | Information Return of US Persons With Respect to Certain Foreign Corporations |
| Form 5472 | Information Return of a 25 percent Foreign Owned US Corporation or a Foreign Corporation Engaged in a US Trade or Business |
| Form 5884 | Work Opportunity Credit |
| Form 6198 | At Risk Limitations |
| Form 6252 | Installment Sale Income |
| Form 6478 | Biofuel Producers Credit |
| Form 6765 | Credit for Increasing Research Activities |
| Form 6781 | Gains and Losses From Section 1256 Contracts and Straddles |
| Form 7004 | Application for Automatic Extension of Time to File Certain Business Income Tax Information and Other Returns |
| Form 8050 | Direct Deposit of Corporate Tax Refund |
| Form 8283 | Noncash Charitable Contributions |
| Form 8453C | US Corporation Income Tax Declaration for an IRS efile Return |
| Form 8586 | Income Housing Credit |
| Form 8594 | Asset Acquisition Statement Under Section 1060 |
| Form 8609A | Annual Statement for Low Income Housing Credit |
| Form 8716 | Election to Have a Tax Year Other Than a Required Tax Year |
| Form 8810 | Corporate Passive Activity Loss and Credit Limitations |
| Form 8822B | Change of Address or Responsible Party for Business |
| Form 8824 | Like Kind Exchanges |
| Form 8826 | Disabled Access Credit |
| Form 8827 | Credit for Prior Year Minimum Tax for Corporations |
| Form 8832 | Entity Classification Election |
| Form 8835 | Renewable Electricity Refined Coal and Indian Coal Production Credit |
| Form 8844 | Empowerment Zone Employment Credit |
| Form 8845 | Indian Employment Credit |
| Form 8846 | Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips |
| Form 8878A | IRS efile Electronic Funds Withdrawal Authorization for Form 7004 |
| Form 8879C | IRS efile Signature Authorization for Form 1120 |
| Form 8881 | Credit for Small Employer Pension Plan Startup Costs |
| Form 8903 | Domestic Production Activities Deduction |
| Form 8910 | Alternative Motor Vehicle Credit |
| Form 8916A | Supplemental Attachment to Schedule M3 |
| Form 8938 | Statement of Specified Foreign Financial Assets |
| Form 8941 | Credit for Small Employer Health Insurance Premiums |
| Form 8949 | Sales and Other Dispositions of Capital Assets |
| Form 8990 | Limitation on Business Interest Expense Under Section 163j |
| Form 8997 | Initial and Annual Statement of Qualified Opportunity Fund QOF Investments |
| Form 965 | Inclusion of Deferred Foreign Income Upon Transition to Participation Exemption System |
| Form 966 | Corporate Dissolution or Liquidation |
| Form 982 | Reduction of Tax Attributes Due to Discharge of Indebtedness and Section 1082 Basis Adjustment |
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Rest assured, TaxAct guarantees the calculations on your return are 100% correct.
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Deduction Maximizer: TaxAct's Deduction Maximizer guides you step by step through the process of completing your return in a way that helps you uncover additional tax advantages and helps you maximize your deductions by checking dozens of additional deductions we know from experience folks don't think to look for. Each deduction you claim may reduce the amount of tax you owe, resulting in a lower IRS bill overall.
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My TaxPlan™: Your customized My TaxPlan features potential refund-growing opportunities and easy-to-follow instructions based on information you provide for your current tax return. Refund boost claimed in advertising calculated using recent IRS statistics and trade press regarding contributions to retirement accounts. We will highlight other potential savings, too, so your refund boost could be bigger.
Return Import: TaxAct can import the data you filed last year with us or your return from PDF files of 1040 returns prepared by many but not all tax prep software solutions.
TaxAct E-File Concierge™ service provides phone calls and related support regarding federal e-file status changes using the phone number provided in My Account. Service is subject to availability and limited to federal e-filed tax returns.
Quick Start Options: Customers can save time by importing prior year tax returns. TaxAct can import a PDF of prior year returns from most competitors and will automatically import prior year return information if filed with TaxAct. To ensure accuracy, we will ask you to validate any information imported.
Most Popular: TaxAct Deluxe is our most popular product among our online customers with more complex tax situations.
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