SwapnaM
Employee Tax Expert

Business & farm

 Individuals, including sole proprietors, partners, and S corporation shareholders, generally use Form 1040-ES, to figure estimated tax. You can also use Tax Caster

 

https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes 

 

To determine whether you can deduct an expense for your business, ask yourself: Is this expense both ordinary and necessary to the business? The IRS requires both elements.

  1. An expense is ordinary if it is common and accepted in your industry.
  2. An expense is necessary if it is helpful and appropriate for your business.

https://turbotax.intuit.com/tax-tips/small-business-taxes/taking-business-tax-deductions/L5RueYPVS 

 

@user1727 Thanks for the question!!

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