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 is it asking for schedule c car expense if i didnt add this

THE 2025 TURBO TAX DELUXE IS NOT LETTING YOU ENTER NONCASH CONTRIBUTIONS ON THE SCHEDULE A

NONCASH CONTRIBUTIONS FORM 8283 IS NOT WORKING

Where do i go to update business ownership

My business is being considered non-disregarded and that is incorrect. I need to update that

Do I assume the total listed in box 14 is overtime premium?

How do I verify what the employer has listed? Is this number my yearly total or only the total I can deduct?

How do I fill out the description and Category section of section 14 on the w-2

how to report non-business debt

Home Office Deduction based on net income

2021 Taxes - Turbo Tax is telling me I am ineligible for home office deduction because my net business income is zero orles than zero. However, my income was ~$39k and expenses ~$26k and net income is $13k. Is there an error in the software that does... read more

Arizona Form 323 is a little messed up

I tried to enter information on Arizona Form 323 (Tax Credit for Private Schools). In part 1, it starts with a section to enter a school name, address, and date of the contribution, but no place for the amount donated. I can enter data there. After t... read more