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 the special depreciation error is fixed what should I do?

I saved off a copy of my businesss tax. I was going to file when error came up. I tried answering the various errors it found. When thi gets fixed should I continue with the return I was going to file or bring back the version that I had saved to a d... read more

I know my annual depreciation amount and don't need to await some pointless update. how can I enter it NOW!?

Form 7203 - During the checking of entries it keeps thinking that line 2 is for number of days you provided services to someone

Form 7203 - During the checking of entries it keeps telling me to fix this entry. It is on Part 1 line 2 and the error that comes up is for "Number of days you provided services to someone else shouldn't be less than zero.", but the actual item for n... read more

Turbo Tax Business incorrectly flags Qualified Improvement Property as not eligible for Special 100% Depreication Allowance

I’m receiving a validation error in TurboTax Business that appears to incorrectly disallow 100% bonus (special) depreciation on a properly classified Qualified Improvement Property (QIP).Return and Asset DetailsReturn type: Partnership (Form 1065 wit... read more

2024 State refund question

The section where it asks about a refund I received in 2025, I had a refund of $257. Then it asks for Payments and withholdings. I hit the question mark and it comes up blank with no explanation. This is something new and I need help with it. I tried... read more

Depreciation and Amortization not ready

It is Feb 13, 2026 and depreciation and amortization is still not ready for my rental property. When will it be ready!!! I am reading that H and R Block is working...

Schedule F will not load for editing on TurboTax Online 2025

When I click edit to update the Schedule F information, it says "something went wrong." I have cleared the cache and all cookies, tried Edge, Chrome and the phone app. When will this be fixed?