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

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

sch IN-529 plan account numbers are only 9 digits

When trying to complete the tax return I am getting an error saying I need to "fix" the entry for the sch IN-529 account number. However, my account number only has 9 digits but has a dash as the 10th digit. Also, the account numbers start with "60".... read more

Tax data not downloading into Turbo Tax

I'm using Turbo tax Deluxe. When trying to import my 1099 data from my financial providers I get this message, "Success! We got your tax data. You can now return to TurboTax." When I return to Turbo tax the data has not be added.

I have a question about previous year Form 8829, as i have a Operating expenses carryover of unallowed expenses to 2025.where i have to include in 2025 Home business tax?

I am using Turbotax software, i dont see where to include this amount, in other miscellaneous expense or under Home Office. Please help

Clergy Tax Situation

I paid quarterly estimated taxes so when it comes to my taxes when it ask me to "Pay self-employment taxes on my wages AND housing allowance" should I click that or that I already paid it since I paid estimated taxes

Why doesn't turbo tax say action required like the first website does?

1099 import from Ameriprise was called a success but information is not downloaded into turbotax home and business.

I'm using Turbo tax for home and business. When trying to import my 1099 from Ameriprise Financial, I get this message. "Success! We got your tax data. You can now return to TurboTax." When I return to Turbo tax the data has not be added.

Estate Final Return - Distribute Remaining Cash

Descendant's IRA lump sum distribution went directly to their estate/EIN on a 1099-R, with withholdings taken out. Estate filed 1041, reported the income and received a small refund (because of the withholdings). No other estate expenses or income, n... read more