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

How do I remove car expenses for a personal business? We do not own the car anymore and do not see it listed anywhere, but this keeps asking questions about the form.

I just entered 0 for all expenses and miles but would prefer to remove it as it keeps being the one thing TurboTax keeps asking about in its review before we submit. The car doesn't exist and there is no expense form for a car under our business.

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?

Deceased spouse received 1099-C for tax year 2025

Hi, My wife passed away in February of 2025 and she was the sole creditor on a credit card. The credit card company sent a 1099-c in the mail, addressed to her (but at my address, dated 11/24/2025). We have a trust and my attorney says on the date of... read more

Is anyone having issues adding or editing expenses to business/ farms?

how to delete underpayment penalties

how to delete form 2210, entered in error

S-Corp and paying myself

I am the sole person running and participating in my S-Corp. I've read in other posts that S-Corp MUST pay me a salary if I actively participate, and more specifically advise I should pay myself a "reasonable" market-based salary. My very small S-Cor... read more