The other alternative to get the proper result is to remove the income from box 1 when you enter the 1099-NEC.
Then say yes it was from a lawsuit.
Then enter t...
Hi AdamNe,
For overall expenses I highly recommend checking outIRS Small Business and Self-Employed Tax Center
You can reimburse yourself and for your wife's ...
This is the best explanation of quarterly estimates I've found.Estimated Taxes: How to Determine What to Pay and WhenandA Guide to Paying Quarterly Taxes
If y...
Just to follow up with you as checking with your state is the best option. In each state there are requirements depending on the type of business you are doing ...
