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

I need to put business expenses on schedule c but turbo tax hasn't generated one.

Is anyone else having trouble with the system rounding your business expenses when using the new 'upload a spreadsheet' tool?

how do I navigate to the 1099s that I created last year?

I used TT to create 1099s last year but I cannot locate the paper copy. How do I navigate to the electronic copies?

Mid quarter straight line depreciation

I have multiple assets from a prior year with the majority purchased in the last quarter. I am using straight line depreciation. Because of that mid quarter conversion is required for each. I don't see that as an option so current year depreciation i... read more

Form 1065 is not producing a k1 for distribution?

The tax return shows the k1 but does not produce them to be printed or emailed to members. Is there a fix being worked on?

W-2/W-3 E-filing - Still Processing after 2 weeks

Hi, I submitted my W-2 and W-3 for e-file using Quick Employer Forms on January 15, 2026. They are due next week and the status still say "E-File Processing." Is this normal? Thank you in advance for your help!

description of the type of other income I have put in to Turbo Tax is not showing up on the actual schedule 1, Part1 line 8Z

The description of the type of other income "Below Market Value Rental Income" I have put in to Turbo Tax is not showing up on the actual schedule 1, Part1 line 8Z. It worked last year but does not seem to transfer this year. Will this cause a proble... read more