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

When will Turbo Tax Deluxe support Form 7217?

How can I go and edit my Vermont state tax return schedule HS 122 inside this software.There is no point of entry and the directions provided by the AI bot do not work.

I am working on Form 1116. I am resident in the UK - the Turbo Tax form is auto filling the USA as residence country and locked the entry. How can I change it to the UK?

Can I deduct my PGA classes as I am an apprentice for a Golf Professional?

I paid $1,014.

Schedule 1-A

Trying to find schedule 1-A for senior 6000 deduction

New workflow with a major bug preventing entry of General & Other Deduction expenses in TurboTax Business 2025.

Unfortunately, there is a bug in TurboTax Business 2025 (downloaded 12/26/2025). This bug prevents entries of expenses. I do not see a work-around. This is a bad bug the prevents basic inputs to complete your taxes. It is hard to understand how this ... read more

Form 1065 is not producing a k1 for distribution?

The tax return shows the k1 but does not produce them to be printed or emailed to members. Is there a fix being worked on?

Mid quarter straight line depreciation

I have multiple assets from a prior year with the majority purchased in the last quarter. I am using straight line depreciation. Because of that mid quarter conversion is required for each. I don't see that as an option so current year depreciation i... read more