TurboTax is a financial software application that helps individuals and small business owners to automate the tax-filing process at both the state and the federal level. An LLC (Limited Liability Corporation) is a type of company characterized by specific legal and tax perspectives. From a legal perspective, all liability is taken off the owner and placed on the entity. From a tax perspective, the IRS taxes the income of the entity as well as the owners. TurboTax has a special version available to taxpayers who own an LLC. Writer Bio
