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

Why have I received an SSA employer questionnaire for "NO RECORD OF EMPLOYER REPORT" for a W2 and W3 for which I received an email from intuit quick employer forms stating the SSA had accepted the form? The tax year, ein, and amounts are correct.

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.

"Other Additions/Subtractions Stmt (225): Sch B" is on my NYS return, but doesn't apply to me, I can't find where to delete it and I can't move past it

How do I delete this?

2025 BUSINESS DESKTOP 1120 FORM

WHY WILL MY 1120 CORPORATION RETURN NOT SHOW IN PRINT PREVIEW?I CAN SEE IT UNDER "VIEW" AND I HAVE RAN THE "CHECK FOR ERRORS" AND NO ERROR SHOW. ALL OTHER FORMS SHOW UNDER PRINT PREVIEW BUT THE 1120 DOES NOT....WHY AND HOW DO I FIX IT?

I GOT AN 1099NEC BUT HERE IS NO PLACE TO ENTER THE PAYER'S EIN, NONEMPLOYEE COMPENSATION

THERE IS NO PLACE FOR ME TO ENTER THE PAYER'S TIN#?? AND NAME TOO

TurboTax Desktop Software Year Upgrade Clarification

Hello,I purchased the TurboTax Desktop software in 2024. However, when I started filing my taxes this year for the 2026 tax filing, the software is still reflecting the 2024 version. Could you please confirm whether a new purchase or an upgrade is re... read more

I cannot import 1099 information from brokerage accounts.

Non-depreciable obsolete inventory asset

I'm using TurboTax Business 2024 to prepare the final return for my small c-corp. We have a non-depreciable asset of obsolete inventory to scrap for zero value. TT generates a form 4797 but the inventory is non-depreciable. How do I deal with this? C... read more