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

Delaware Statutory Trust 1099-MISC

I received three 1099-MISC for a DST and entered the data into 1099-MISC Forms in Turbotax Home and Business. Should I link each of these to separate Schedule E forms? If so, there is no field for the name of the DST, just Property Description and Pr... read more

California Form FTB 568 missing

I just completed my return, and when I printed my hard copies, my California FTB 568 Payment coupon and the Limited Liability Company (LLC) Income Worksheet were missing from my return. I am concerned that the return that I submitted electronically m... read more

1099-R for 1041

I received one 1099-R for an estate for which I am the executor. I purchased the TurboTax for Business to file for the estate, but none of the questions are asking for the information from the 1099-R. Any advice?

Where do I find a Principal Business Code must be entered? Schedule C is asking Enter a valid 6 digit business activity code between 000001 and 999000, or enter 999999.

K-1 form

Hello, I'm having a problem with the K-1 form. Can anyone help me?

I had an S-corp business in 2024. It is gone in 2025, but there is carryover. How do I answer some of the relevant questions.?

My taxes have been done by my accountant before now. I had a S-corp which was closed in 2024. I retired in 2025 so my taxes are simple but I do have carryover losses. How do I address this in turbo tax?