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 edit Schedule C Box 32?

What is the category box after box 14?

Two amounts in box 14 which one do I use for overtime premium??

W2 box 14 are 2 dollar amounts. Which dollar amount is correct overtime premium??

HOW DO I ENTER AN ASSET MY COMPANY PURCHASED?

my business purchased a computer. How do I enter it into Assets for Schecule C?

Business form 4562 error

I am getting the attached error, but I am unable to uncheck that box. Moreover, I believe that this asset (computer) qualifies for the 100% special depreciation allowance in 2025. Finally, I will note that the software was not giving me an error on t... read more

W-2/W-3 E-filing - Still Processing after 2 weeks

Hi, I submitted my W-2 and W-3 for e-file using Quick Employer Forms on January 15, 2026. They are due next week and the status still say "E-File Processing." Is this normal? Thank you in advance for your help!