Small Business, Farm & Startup Tax Forum

Business & farm

Employee vs Contractor: Which is correct?

As a business owner, it’s important to know how you should treat payments you make to the people who work for you. The simplest explanation is that an “employee” has taxes withheld from their paychecks and receives a W-2 at tax time - while “contract... read more

LLC, Sole Proprietor, S-Corp, Partnership: What’s the Difference?

Creating a Limited Liability Company (LLC) is a common first step when starting a business, and there are good reasons. It’s a legal entity that potentially offers liability protection, but it’s usually easier and less costly to create than a corpora... read more

Can I Deduct My Home Office?

Working from home has its pros and cons! And if you do work from home, a juicy tax break would be a great bonus. Typically, being allowed to take a deduction for your home office is limited to self-employed individuals on the federal (IRS) side, but ... read more

Easily File 1099-NEC or W-2 Forms: Quick Employer Forms (QEF)

Did you pay someone to help with your business? If so, you might need to file a W-2 form for an employee or a Form 1099-NEC for contracted help. If you have bona fide W-2 employees, you’re probably already withholding taxes and you know those W-2 for... read more

Vehicle Deductions: All You Need to Know!

Do you want to drive away with massive vehicle tax deductions? Before you race to the tax-filing finish line, there are things you need to know to ensure that tax win! While vehicle deductions can be huge, there’s a great responsibility to thoroughly... read more

Self-Employed: Don’t Miss These Tax Moves!

You don’t know what you don’t know! For example, did you know that many self-employed taxpayers qualify for a health insurance tax deduction? Or did you know that if you don’t file the proper forms for employers and contractors (on time), the IRS cou... read more

Quick Links for Self-employed & Gig Workers!

Having a business is both exciting and rewarding! But it can be confusing if you don’t know what it means for your tax returns. Whether you’re starting off and plan to conquer the world with your new business, have a side gig for a little extra cash,... read more

How do I account for "free" inventory?

I purchased some inventory from one of my wholesalers that had a "buy A, get B free" promotion. How do I account for the items I got for free? (I've not yet sold them). Would I simply increase my year-end inventory value by the value of the items? If... read more

TT Business on windows 10

I see this same question from November 2025 posts but I am now trying to install Business on windows 10 and the message is still there recommending not to use it. Please clarify: does it work or not? I need to get 1099’s done and I don’t have another... read more

Still download Itsdeductable in January 2026

Can this still be done? Or at least get to the list of charities and their addresses. Would that be in a turbo tax download or import/transfer from 2024 tax file?

Turbo Tax 2025 Home and Business Desktop NOT working 01-19-2026 (WIN 11)

TT Home and Business Desktop will NOT accept ANY Social Security income, pension income, or 1099 NEC income. It says "available soon" for some items and NOTHING for others.This is pathetic. Yes the software was updated today. Over the last 20 years I... read more

Can someone please help me out with adding my business part.i need to add losses and money earned

What is "Sch B Part 2 Code"

Is there a way to see all past 1099-NEC or 1099-MISC forms created on Quick Employer Forms

When I login to Quick Employer Forms website, I see a ton of "IN-COMPLETE" status entries and I see one section on the left for 2024 and I see one e-file complete status form. Is there a way to see all past e-filed forms, more than a year back in his... read more