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

If i havent ran payroll , as an S-corp for my first 6 months . how can i fix it and comply with the rules ? Can i run late w-2's ? should i do that ?

S-corp , started in 2025 , paid myself using 'zelle' low amount of distributions . in order to pay for personal expenses and keel transactions separate . started using payroll service only after 6-7 months in.

Is anyone having problems checking box 16 on the Schedule K-1 and adding Schedule K-3 for their partners in a partnership? It looks like it's not possible to override

I am using turbo tax business 2024. How do i record asset sale as partial disposition

record the sale as a partial disposition

Non Deductible Expenses

Hello, In working with Turbo Tax Business, I see that my book profits are different than the return which is common. In my case the difference is penalties, the 50% overage not allowed on business meals and the overage on business gifts (amount of gi... read more

Schedule K-1 Self Employment Tax (14A & 14C)

I have an LLC with two members that files form 1065. One member is active and manages the business. The other member is passive and does not participate. In TurboTax business I had answered the question "When this partnership was set up how did [name... read more

How to report recourse loans by partners in a LLC? There is no option for a special allocation code.

How far back (in years) can I go to claim expenses I used in starting my business?

Background.... It is a photography business, a portrait studio in my home. While I was working a full time job and a part time job. So the road has been long. Then, I know the IRS their going to say, hey, that's just a hobby. But I have documentation... read more

Multiple Problems Launching Turbotax 2023 for Business on Win10 - Update Problem

Trying to launch TTax for Business 2023. Worked fine last year. Program insists upon updating before launching but the auto update bombs. I downloaded and ran the manual update for TTax 2023 multiple time from this page: https://ttlc.intuit.com/turbo... read more

S Corp dissolution

I sold the assets (and paid all taxes on profit) for my S-Corp in 2023 - I am sole share holder. I closed up but didn't dissolve the S-Corp - there has been zero activity for over a year. Is there a way to simply shut it down? I am retired.