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

Wake their butts up.

I do not qualify for schedule 3 but TurboTax is saying I do and I cannot complete my taxes for free (here). How to remove it?

How to enter Form 8949 or IRS Schedule D from Coinledger?

Last year, you could export a TurboTax specific csv in Coinledger that you could then import. Now, I suspect due to 2025 tax changes, Coinledger only exports either an IRS 8949 or Schedule D, which I cannot figure out how to import into Turbotax.

AM I SUPPOSE TO GET THE ENTIRE AMOUNT BACK FROM BOX 14 WHICH IS MY OVERTIME?

when I enter my document number on my driver's license, I keep getting prompted that the document number's first 3 characters must be entered. What first 3 characters?

I entered the document number entirely and still get prompted

Error in updating business address with Quick Employer Forms

I have been trying to update a business address on Quick Employer Forms. When I got to my businesses, select the company, and then select Business Details, it brings everything up as I should and lets me start making the changes. But every time I hit... read more

Where is schedule 1-A?

This is the form for the new senior discount.

Final Trust Return 1041

I am filing a final 1041 for mom who passed in 2025. She received K-1 stmts from her trust for her personal return. In TT do I delete her name as beneficiary and add my siblings since we received money from her estate?