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
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
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
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
My K1 (Form 1065) only has line 8 - Net short-term capital gain (loss):
$-102. There is a K3 attached.Part II - Section 1 [Gross Income] is all
blank, there is just a $0 on line 24 column (g) Total. Part II - Section
2 - [Deductions] has $102 on line...read more
In various places, such as
https://aldridgeborden.com/blog/gift-tax-aldridge-borden-co-montgomery-al/
, I have been seeing that a married couple may write one gift check to
one recipient from their joint checking account for $38,000 (in 2025).
And si...read more
sacapPosted Wednesday
| Latest post Wednesday by
Bsch4477
I submitted my original 1040 individual tax in March 2025 and paid the
full owed amount then. Received a K-1 late in June 2025 and had to
upgrade to a Premier version from a Deluxe online to amend my tax return
yesterday thus paying a fee of $35. I h...read more
kkranaPosted a week ago
| Latest post Tuesday by
kkrana
I'm using TurboTax Home & Business and trying to fill out the business
section. I have a net loss between Proceeds and Cost basis for
investments on form 1099-B. Breaking out the Proceeds as income and Cost
basis as expenses, will produce a large inc...read more
I have an LLC taxed as a partnership. There are 2 partners [1] Myself
90% [2] LLC taxed as C-corp 10% in which I am the sole member of this
LLC-C Corp. So in reality I am the sole member of these 2 LLCs. During
startup, I contributed monies to get it...read more