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 can i find business's state ID No?

i didn't recieved 1099 form should i leave blank for this?

Schedule 1-A Part V Enhanced Deduction for Seniors?

Enhanced Deduction for Seniors requires Schedule 1-A of Form 1040 for 2025

Using Do it Yourself Premium, how do I access or find where to edit the amount of NOL Carryforward to use on this year's return?

The entry space initially was shown, but once entered and edited, it no longer shows anywhere that I can edit that amount. I wand to take less than the full amount this year, and carry some to future years.

Form 7206 - over-compensating health insurance premiums

I had posted about this previously under the heading of 1040 re self employed health insurance. I had some replies but unfortunately nothing that worked. I am an LLC - K1 partner and had insurance through the marketplace. My premium was input on my K... read more

How do I enter my business expenses manually, without a spreadsheet?

I am unable to get past the "upload your spreadsheet" page to enter my business expenses manually for schedule C.

State of Alabama Schedule OC

How do I add tax credits to Schedule OC in the State of Alabama Return?

How do I remove SALE OF BUSINESS PROPERY/FORM 4797?

I rent a space. I don't own business property.

Removing a now-defunct business from this year's return

TurboTax Premier Desktop I had 3 businesses on last year's return. Two had no operations in 2025 and therefore do not have to appear in on my tax year 2025 returns. (There were no assets, no sales, etc.) However in the current return TurboTax generat... read more