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

Newly formed S Corp - what do I do with my sole proprietor accounting

I have just formed a single member LLC on April 1. I’m going to elect S Corp status. I have been operating as a sole proprietor for a while before this. My question is do I start my books fresh or import everything from this year so far from Jan 1? I... read more

I started a business in 2023 I filed my personal taxes and not my business taxes when I filed. I have been ripped out by so many companies. How do I file 23-24

Will i get a stimulus.

Which is the better option, Money market account in my business (S corp, sole owner) name or personal?

Does TurboTax can prepare and e-file Form 568 if I input my federal return data and they already have it?

where do I deduct investment interest expense in s-corp form 1120s?

I have some margin interest by broker in 2024 for my s-corp. Where do I enter this cost on form 1120s?

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Can't enter K3 (Form 1065) form without errors

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

Hi guys, I can find my 6 digit principal business code . Can you help?

Filing requirement for gifts over the individual annual exclusion from a joint (spouses)

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

K-1 loss increased my amended 1040 tax return from the original. Why?

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