Small Business, Farm & Startup Tax Forum

Business & farm

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

What's TT's support policy for Mac Products?

I have been using my MacBook for all these years, I wouldn't want to buy a new $1500 product every number of years only because TT does not support older versions of MacOS. Do you support Windows platforms for a longer duration than Apple products? I... read more

How do I show funds transferred from personal account to my s corporation on 1120-s?

Dissolving a LLC- Getting rid of inventory and assets

My wife and I have an LLC we have as a part time business and we are at the point of our lives we are winding down.We would like to dissolve our business with about 150k of inventory.We would like to donate the inventory. Would it be best to Transfer... read more