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

Can't print at all (1099-NEC or 1096) in Quick Employer Forms; it opens another tab with long error code

I've tried on both my Mac and Windows pcs. I have TurboTax Home & Business. Keeps opening a second tab, shows a blue OPEN button, but also has long code (assuming error message). Why can't I print these?? See below error:

I’ve already filed my business taxes but now need to file my 1099 nec for my business. How do I do that?

Schedule K-1 is missing

I'm using TurboTax Business desktop version to file an LLC return. I have finished all the steps before the final step of e-filing. But I found the Schedule K-1 was missing in the final review forms. If I click view forms button, I can see the conten... read more

My wife and I each have an amount in box 12 of our W-2. But the box where I should enter amounts is grayed out. Why can't I type anything in the box?

How do I delete an erronious 1099 Misc. I can't find a way to delete the amount.

or the form from my return

1099-NEC correction not working in Quick Employer Forms after e-filing

I have two businesses and accidentally e-filed a 1099-NEC via the Turbotax/Intuit Quick Employer Forms from the wrong business account. It was accepted by the IRS. When I tried to correct it - by putting in 0 as the paid amount- the form doesn't allo... read more