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

IRS Adjustment to 2024 Estimated Taxes

HelloIn 2024, I missed and did not include one of my estimated tax payments in 2024 Turbo Tax Home & Business, and after filing, the IRS issued a refund. I did not go back into 2024 Turbo Tax Home & Business and make any adjustments. (Estimated Tax p... read more

Schedule an appointment

Filling my taxes because they are too complicated.

California Corp 12 digit ID not compatible with 7 digit form requirement

Hi all, Formed an S Corp in 2025 and got a 12 digit SOS corporation file ID starting with a 'B' from California. I called the Secretary of State and they confirmed they moved to 12 digit IDs in 2025 and phased out 7 digit IDs. However, when filling o... read more

Is there a solution to get the Section 179 deduction to work? The depreciation deduction is not applying.

I see numerous posts about the section 179 deduction not working. Has this been resolved yet? Any workarounds to get this to work properly in the software?

S-Corp in two states

Hi everyone,I have a question for my S-corporation which was formed on 01/04/2022 in California and operated there until 01/28/2025(terminated)and with same name, same EIN started in VA on 01/29/2025.From 01/01/2025 to 01/28/2025, the company had $1,... read more

how do I access schedule 1-A?

I am trying to delete form 8995 (qualified business income deduction simplified calculation) in tools but it is not working. any suggestions?

Bonus Depreciation not working for vehicles purchased mid year

Desktop Home & Business is not allowing Section 179 or Bonus Depreciation when vehicle was purchased after mid year due to it calculating business use incorrectly due to number of months in use.