Self employed

Hi - I’ve been running my sole proprietor single-member LLC for years now, and I just very recently heard from a CPA friend that if I’m not paying estimated taxes throughout the year (quarterly?) then I will always be hit on tax day with self-employment taxes, no matter how many deductions, NOL, or other offsets to my income I may have. Is this true? If so, how can I best manage my accounts throughout the year to know how much I should be paying in estimated taxes, and how often?

For a creative LLC developing products with limited revenue, which prototype, production, marketing, and startup expenses are deductible in 2026 versus capitalized or carried forward? Can qualifying business losses offset taxable retirement withdrawals, and how does the business's official start date affect deductions?

I'm 60, single, and a California resident transitioning from full-time employment to self-employment. My current business income is limited, and I've made withdrawals from retirement savings to cover living expenses.I'm looking for guidance on three related tax-planning decisions: Business expenses and losses: My creative LLC has incurred product-development, prototype, production, and marketing expenses while generating limited revenue. Which expenses are deductible in 2026 versus those that must be capitalized or carried forward? Can qualifying business losses offset taxable retirement distributions? Roth IRA conversions: I have Traditional IRAs and am considering partial Roth conversions to reduce future retirement taxes. Given my lower employment income but existing retirement withdrawals, how should I evaluate whether conversions are more advantageous in 2026, 2027, or over multiple years? How could these affect income-based health-insurance eligibility, premiums, and future Med

 Where should that income be applied? Also when using QuickBooks Self-Employed software, it records that income on the year it is collected. I always get confused or don't know quite how to handle that. This also doesn’t always make the 1099’s match the actual income for those entities in that tax year. 

Is there a penalty for each quarter if not paid? Does the interest accrue on each individual quarter when not paid? What if a partial payment is made on a specific quarter or if you are able to make a payment towards the end of the year or in the new year, which quarter should it be applied to?

Helping son file their taxes.  Their income was mainly cash for side jobs how do we file that

my spouse works at a education center not far from home - she is not a w2 employee and work there on hourly basis. My understanding is she is considered self-employed and from that perspective her office is her home (and there is a dedicate space for that in the house) therefore all miles driven to provide services in that education center should be considered business miles, right?

Can I make 2 business profiles when filing through Turbo Tax?  I am completing the info now for my 1099NEC, but also need to do a business for my husbands construction business

I’m pretty livid. I just finished my 2025 taxes using TT Home & Business Desktop, only to find it doesn’t seem to do anything to fill out the California LLC Form 568. I don’t mean it doesn’t e-file it, as many on this forum have mentioned. I mean it didn’t ask me any questions pertinent to filling it out, it didn’t fill out a version of it for me to mail, nothing.If I search for the form using Forms → Open a Form… I can find it and try to fill it out, but none of the computed fields can be filled out, and it doesn’t compute results. It certainly doesn’t carry over numbers from the federal forms.Does TT even offer a product that does my state business taxes? I feel like I’m owed a refund from Intuit.

1099 nec state field

Form 568 imports business income from my federal return solely by totalling the 1099’s received.  But those 1099’s include expense reimbursements.  While I can deduct them on my federal return, where can I do that on the CA return?  The LLC form is saying I made more that $250,000 causing a $900 fee to be assessed. But it’s not all income.  Removing the expense reimbursements would reduce it to under $250K .  It is not accurate.  Please help! Thank you.  

I am a hair stylist. i work for myself so i dont have a 1099. my payments to my salon include tips and i want to enter for the no tax on tips deduction.

i need a support person to chat with

As the title states, I purchased a vehicle on December 24, 2024 which i first put in use on January 9, 2025 after it was shipped and delivered. There was never a conversion step in reality, but Turbotax is refusing to allow me the Section 179 deduction without saying the vehicle was acquired in 2025. The forms also won’t allow me to keep the date acquired input blank (even though the comment next to it says “if converted from personal use.”) There seems to be no manual override for this case and it is improperly forcefully deciding the difference in acquisition and placed-in-service dates means it is a personal-to-business conversion and making the purchase ineligible for section 179, even though it was never a conversion and meets all of IRS requirements. 

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am self employed Can i add my healthcare premiums i paid after the ptc if the policy is in my wifes name but we are both on it and i paid for it? And if so where?

I need to add spouse self employment income/expenses (first year).  Extension already filed without the information in TurboTax.  When I open TurboTax, I only get the screens that already have information.  I need to get to the screen where you indicate that the spouse was self-employed.  Thank you.

I am considering using Turbo Tax for my 2025 personal return.  I have a question about for 8995-A Schedule B and QBI aggregation support.I have two businesses for the 2025 tax year:A sole proprietorship reported on Schedule CAn S corporation reported on a K-1The businesses meet all of the IRS requirements to be aggregated for QBI purposes. Does Turbo Tax support this function with the online version for this scenario?  If so can the return be e-filed or does it need to be mailed? 

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If someone made money through the year , monthly and was paid with cash can that be considered self employment ?

Unable to delete 1099-misc form

How can I find out what's wrong with my Schedule E?

I got married in 2025 and am preparing our 2025 federal return, planning to file Married Filing Jointly (MFJ). We live in Florida.My wife earned income, but her workplace says it cannot issue her Form 1099 because she has neither an SSN nor an ITIN. Her marriage-based adjustment of status and employment authorization are still pending.I also recently lost my job, so we are experiencing financial hardship and are concerned about paying any income and self-employment taxes owed.How should we proceed? How can we report her income without a 1099, and how would we enter it in TurboTax? Can she apply for an ITIN using Form W-7 while her work authorization is pending? Would we need to print and mail our joint return with Form W-7? Are there tax-residency rules or elections we should check before filing MFJ? How do we confirm whether her income is subject to self-employment tax? If we cannot pay the full balance, what IRS payment-plan or hardship options are available? How are monthly

Over $10K

How do I know what to charge my tenant for rent or what to charge my clients so I pay the least in taxes?