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

For restaurant servers how do you you pick a code from the list?

occupation codes

So, I have purchased the TurboTax personal edition (Home & Business) to complete my personal tax return and Schedule K-1. But the Schedule K-1 is not available.

Section 1244

Can I file Section 1244 in TurboTax Deluxe Desktop or do I need to upgrade to TurboTax Premier ?

MI-1040 FTE Flow Through Entity

I was able to enter the FTE in 2024 when on line 29 but can't find a way to do it in 2025 now on line 30.Shouldn't it be in State Taxes, Other Taxes and Credits?

I have this one error that I cannot resolve: net income allowable to qualified payments to agriculture or horticulture coop. I have negative gross income.

I keep getting this one error about a 1099-PATR line K1 in my worksheet. It asks for "net income allowable to qualified payments to agriculture or horticulture coop" but I have none of this income. How can I resolve this error? I do have a a loss of ... read more

I still cannot enter K1 loss information even though it's 2/16/26

The system will not respond to either a document upload or entering the information, the loss will not show up no matter how many times I enter it, even deleting and re-entering doesn't work. Clearing browser data, using incognito, nothing works. And... read more

I have a small K1 loss which has been a part of my return with Turbo Tax for many years. The loss will not register or calculate, nor will the form upload to forms.

This year, the answer is that there is a glitch with K1s and I have to pay for help. Is this true? It is a simple K1 and the form won't upload either. I've had this same K1 for many years.

Georgia State Tax Form for IT QEE TP1 it is entering it twice once for Education Expense Credit and for Business and Individual Credit

I am getting two credit entries for the IT QEE TP1 - Qualified Expense Credit.1 for Education Expense Credit2 for Business and Individual Credit I am just an individual that contributed to it. How do I fix this?