TurboTax Desktop Forms: IRS Tax Forms & Schedules

Check out this guide for an overview of this form and learn how to use a W-7 to apply for your ITIN. When customers engage with Intuit’s AI experiences, contacts with live support go down by 11%. CompleteCheck™ scans your return from beginning to end, so you can be confident it’s 100% accurate before you file.. Whether you file yourself or get expert help, you’ll get your maximum refund guaranteed, or your money back. Free filing of simple Form 1040 returns only (no schedules except for Earned Income Tax Credit, Child Tax Credit and student loan interest). Intuit reserves the right to modify or terminate any offer at any time for any reason in its sole discretion.

If you received payments for goods or services via a third-party payment network like PayPal or Venmo to pay for services or goods, then you can expect a 1099-K if your total payments received exceeds $5,000 in 2024. To learn what you need to have on hand, take our quiz, fill in your unique information and get your personalized results. If the e-file date says unsupported, the form must be printed and you’ll need to mail your return. If you are an online seller selling on platforms like eBay, Airbnb, Etsy, and VRBO with sales at the aggregate of more than $20,000 and more than 200 transactions you could also receive a form 1099-K even if you do occasional sales and consider it a hobby. When you go through big changes, like getting a new job or having a baby, it might affect your taxes.

Deductions and Adjustments

Srivastava noted that when customers engage with Intuit’s AI experiences, contacts with live support go down by 11% — a significant decline. AI has saved the organization nearly $90 million in the first half of this fiscal year, Srivastava said. With TurboTax Live Assisted, a team of tax experts is available to provide you with unlimited answers and advice as you do your taxes, and can review your return before you file. Connect with an expert who will guide you through the process, fix any mistakes, and explain your taxes along the way.

If you’ve already received a letter from the IRS for a return you filed with TurboTax, please review our Audit Support Guarantee for instructions on how to receive FREE step–by–step audit guidance and the option to connect with an expert. The Internal Revenue Service Web site includes all the IRS Forms & Publications for Federal income tax returns. Form 1040 Schedule 1 allows you to claim additional sources of income that aren’t listed on Form 1040, including unemployment compensation, prize or award money, and gambling winnings. If you had additional sources of income this year, find out if you need to file a Schedule 1 form. In many cases, if you don’t owe state taxes, your federal extension can also extend your state return(s).

About IntuitIntuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services.

About Intuit

Here’s everything you need to know about Form 1099, including who it’s for, when you should receive it, and how that information impacts your return. For tax years prior to 2018, Forms 1040EZ and 1040A were available but have been phased out beginning with the 2018 tax year by a redesigned Form 1040 and a new 1040-SR for those 65 and older. About Google CloudGoogle Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.

Yes, TurboTax Free Edition is a tax filing product that is available year-round on the web or app for free taxes. If you have a simple Form 1040 returns only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit and student loan interest), you can file for free with TurboTax Free Edition when you do your own taxes. With TurboTax Live Full Service, a local expert matched to your unique situation will do your taxes for you start to finish. Or, get unlimited help and advice from tax experts while you do your taxes with TurboTax Live Assisted. And if you want to file your own taxes, TurboTax will guide you step by step so you can feel confident they’ll be done right. No matter which way you file, we guarantee 100% accuracy and your maximum refund.Get started now by logging into TurboTax and file with confidence.

You can also communicate with your tax expert via the messaging center as needed. Answer some easy questions about your company, such as your business name, type, and employer identification number (EIN). If you’ve used TurboTax to file your small business taxes before and your information is the same, just log in.

• Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services.
• We offer free one-on-one audit guidance year-round from our experienced and knowledgeable tax staff.
• Filing taxes as a small business owner can be a daunting task, but with the right guidance and resources, you can ensure that you are taking advantage of all the deductions and credits available to you.
• They’ll keep you updated throughout the process, and you can contact them with questions or concerns anytime.

TurboTax Meets Turbo Innovation: AI at Intuit

You can search for specific forms and see the date they were last revised. GenOS is so resilient that when commercial providers go out, Intuit can keep going by automatically switching to other language models. Given the rapid pace of GenAI progress, Intuit’s system does have to be updated regularly with new releases. But like any good operating system, it doesn’t require a lot of human support for users to employ it in their work. Srivastava is not neglecting the human element; the company has built a culture of “continuous AI transformation” into the organization. This article is part of BizTaxFacts, our Business Tax series on navigating taxes for self-employed individuals and small businesses.

In tax year 2023, TurboTax successfully processed 44 million U.S. tax returns and $107 billion in U.S. tax refunds on Intuit’s platform using the company’s Generative AI Operating System (GenOS). GenOS combines the power of Intuit’s rich data, custom trained financial large language models (LLMs), and proprietary tax knowledge engine with an extensible catalog of best-in-class LLMs to deliver highly personalized done-for-you experiences. Our tax experts are available 7 days a week from 5 AM to 9 PM PT from the January date the IRS starts accepting tax returns through the April filing deadline.From mid-April through early January, they’re available Monday-Friday from 5 AM through 5 PM PT. If you’re comfortable taking the DIY approach but want access to live help on-demand throughout the process, TurboTax Live Assisted Business could be ideal. You answer a few questions about your business to get matched with a small business tax expert.

Small Business Tax Basics

With Live Full Service, you’re matched to a dedicated tax expert who will do your taxes, start to finish, and review them with you before filing. Where available, you will have the option to choose an independent Intuit TurboTax Verified Pro. You may see this option after starting with Live Full Service if it’s available in your area.With Live Assisted, a team of tax experts is available to provide you with unlimited answers and advice as you do your taxes, and can review your return before you file. First things first, as the taxpayer, you need to gather your and your dependents’ personal information. To make this beginning step of the tax preparation process simple for the following years, keep these important documents in a permanent home in either your home desk or filing cabinet. As you receive tax forms at the beginning of the year, you can stick them in this folder for easy access as you get ready to file.

• With Live Full Service, you’re matched to a dedicated tax expert who will do your taxes, start to finish, and review them with you before filing.
• While you can pick them up at a post office or print them from , TurboTax will ask simple questions and automatically fill in all of the appropriate tax forms you need to file your tax return.
• After starting in Live Full Service, we’ll ask you some questions to learn about your tax situation and create a personalized tax planner for you.
• First things first, as the taxpayer, you need to gather your and your dependents’ personal information.
• We do our best to match you with the right expert based on the nature of your question.

Working with the same expert year-round is dependent on the expert’s availability. If you use TurboTax Live Assisted Business, you can speak with a small business tax expert about your return anytime. If you use TurboTax Full Service Business, your expert will complete your return, which you can review before it’s filed with the IRS. Tax season turbo tax forms is upon us, and it’s an appropriate moment to discuss the use of artificial intelligence at Intuit, the company behind the bestselling tax software in the U.S. and Canada.

Plus, an expert final review ensures your taxes are accurate before you file.With TurboTax Live Full Service, you’re matched to a dedicated tax expert who will do your taxes, start to finish, and review them with you before filing. Today, we announced a new collaboration with Google Cloud that further simplifies tax preparation for millions of TurboTax customers this tax season. With Google Cloud’s generative AI capabilities, Intuit is expanding done-for-you autofill of tax returns for the ten most common U.S. tax forms (1099, 1040)—which can vary significantly in complexity—saving time and boosting accuracy.

“This tax season, we’re delivering on Intuit’s promise to millions of TurboTax customers to do the hard work for them—so they don’t have to,” said Intuit Chief Technology Officer Alex Balazs. Use this tool to look up when your individual tax forms will be available in TurboTax. Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services.

There is a strong focus on data privacy and regulatory compliance, particularly for the customer data cloud. Don’t worry about paying taxes on the entire amount reported on Form 1099-K. You can claim your expenses directly related to your business, lowering your income reported on Form 1099-K. The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice.

And the great thing is they guide you through your tax return so you don’t need to know which tax forms to file. You can also find all federal forms and state tax forms at the links below. From mid-April through early January, our experts are available Monday-Friday from 5 AM through 5 PM PT.If you choose to work with an independent Intuit TurboTax Verified Pro, the Pro will share the hours they’re available directly with you.