I’m starting a business this year. I’m creating an LLC. I’m wondering
how to set up the banking and accounting to ensure I can maximize my tax
benefits and avoid any classic pitfalls of new business owners.
I have used the Quick Employer Forms online product each year. The
product is not creating the Federal copy. It is only creating the Copy 1
(for the state) and Copy B (for the recipient). I also need a copy for
the Federal Government. Right now the Q...read more
The income from speaking and writing is significantly larger than the
income from research studies, but the studies also involved travel, and
the travel stipend is included in the 1099 amount. Am I better off just
lumping all 1099s from both self-emp...read more
I'm new to the self-employed game and only had earnings in the 4th
quarter of the year. When estimating expected income on the 1040-ES in
order to pay Q4 taxes, do I still need to estimate as if for the whole
year or just put in the actual 4th quarte...read more
Has anyone noticed that in TT Desktop Home and Business 2025, there is
an error regarding the maximum allowable 401(k) contribution for those
over 50. It still has the 2024 figure, instead of this year’s maximum,
which is $31,000. TT, if you’re liste...read more