I decided to buy Intuit Turbo Tax Business Edition. Well actually it’s two programs. One for federal taxes, and other for state taxes (you need to specify your business type when ordering). Went through the program with any big difficulties. It was worth the ~160 it cost to buy both programs, just for the amount of time I just saved if I had attempted to do it completely myself. The only negative is that the state S-Corporation return must be printed and mailed.
For whatever reason, my state “replacement tax” was less than I had expected. According to the state website it is 1.5% of income, so I expected to pay “$XXX,” but according to TurboTax it was only “$XX.” Right there, I saved enough to pay for those programs (keep in mind, for 2009, I still plan on taking out the full 1.5% for the replacement tax as I invoice…).
Overall well worth the price in saved time and effort.
Come next year, I might just buy all TurboTax software instead of TaxCut. I’ll have to see how much of a price difference there is on the personal filing software (with schedule K-1).
So now (assuming the federal government accepts my e-file), all I need to do is send the state form (and $XX check) in the mail.