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How does QuickBooks help me with my taxes?
QuickBooks offers a variety of features that can help you with your taxes, such as tracking income and expenses, generating reports, and creating invoices and receipts. Additionally, it has a built-in tax center that helps you stay compliant with tax laws and regulations.
Can I use QuickBooks to file my taxes?
Yes, QuickBooks can help you prepare your tax return, but it does not file your taxes for you. You will still need to file your taxes using the appropriate forms and submit them to the appropriate agency.
Can QuickBooks help me with sales tax?
Yes, QuickBooks can help you manage your sales tax obligations by tracking the sales tax you collect and remit to the appropriate agencies. It also has a feature that helps you calculate the sales tax on invoices and purchase orders.
How does QuickBooks help me track my deductions?
QuickBooks allows you to track and categorize your expenses, which makes it easier to identify and claim deductions on your tax return. It also has a feature that helps you track your mileage for business purposes, which can be a significant tax deduction.
Can I import my tax information into my tax software?
Yes, QuickBooks can export your tax information in a format that can be imported into most tax preparation software.
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