QuickBooks® 2014 on Demand

12. Preparing Income Tax Returns

What You’ll Do

Choose the Correct Income Tax Form

Assign Tax Lines to New or Existing Accounts

Use the Income Tax Reporting

Make Estimated Tax Payments

Create a Tax Return

Introduction

Whether your company is a corporation, partnership, proprietorship, or not-for-profit, you need to prepare income tax returns at the end of each year. The government requires that you report a summary of your income and expenses for the year, and—although it doesn’t produce income tax returns—QuickBooks does provide all the information you need to prepare the forms yourself or have someone else prepare your tax returns using your QuickBooks data.

In this chapter, you learn how to set up your accounts so the numbers feed into ...