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

turbotax says i can manually enter my schedule 1A but can't find it. Where do I find it?

I tried under Federal like it said but it isn't there... I am trying to use the Enhanced Senior Benefit and it doesn't want to pick up my age.

Error- Cannot enter farm income, information, nothing! On phone with turbotax for 38 minutes, with no resolution!

Is anyone else getting error messages when trying to enter farm income? I have spoken to a rep, cleared all browsing history, deleted my forms completely and started over, tried different browsers, tried different computers, and no resolve! When I cl... read more

in box 14, what would 414H be for in NJ

Regarding Schedule E , I get this message Depreciation and Amortization will be ready by February, but likely sooner. any one know when ?

It say: "we're updating this section for latest tax laws ...You can continue and skip it for now and work on other parts of the return." The chatbox is not useful for knowing when it will be fixed.

Deduction for Senior Enhanced Benefits

I can't manually enter the tax for for the Enhanced Senior Benefit and I have made sure all my information on my age etc is on both Intuit and Turbo tax but turbotax will not pick it up. I even deleted and reentered and clear and redid my taxes but i... read more

Form K1 line 20 is a Z with no value, I had entered a -294 value , it will not let me change the number to 0 How do I get assess to edit?

I cannot edit the K1 in the TT program, How do I get that assess?

where do i report my business operating costs for materials to build my handmade goods?

Entry Of Corrected 1099-NEC Form In Turbo Tax Premeir 2025

I was sent a corrected 1099-NEC form to correct an error in the original form. I have entered the corrected 1099-NEC into Turbo Tax successfully. However, there does not seem to be any way to mark the form as "corrected" in TurboTax. The "corrected" ... read more