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

Can i Use cash method on my tax return, and use cost of goods sold (accrual method for inventory only)?

TurboTax version

Which TurboTax version allows to report K-1 income or loss from US 1120S (2024) on the individual tax return? Don’t need to prepare K-1 already have one. Does it also allow to file a state tax return? How many individual tax returns can you process?P... read more

Check This Entry Schedule I: Part II, Line 1a, Col II must be entered. Part II, Line 1a, Col II What do I add to this box?

Column II amount determined under IRC in effect for Wi

How and Where to enter salary for a >2% shareholder?

Every year I run into the same problem. Turbotax always doubles the amount shown in salaries and wages paid. I'm a >2% shareholder, and on the "Enter Salaries and Wages Paid" section I enter the amount I paid myself (which also shows up on my W2) in ... read more

I amtrying to access Schedule 1 on from 1040 to crrect an entry in Line 8 but I cannot figure out how to access this and edit. Any suggestions?

The system carried over an entry on my 2023 Return by mistake and now I cannot delete since I cannot directly access Schedule 1. Any suggestions?

For my form 1095-A, it says "Monthly Premium SLCSP has a zero entered.... please delete this zero." Im not sure what to input as my form has zeros in those entries.

personal residence on Form 1041

I am executor of my mother's estate which only includes a personal home. I am preparing the form 1041, is there a place to include the home on the form or is this only listed when the home is sold (sold in 2025). No distributions have been made to my... read more

How do I find out if someone has used my dependent on their income taxes,

I am trying to e-file my federal return and it's not going thru, their is a problem with one of my dependents and I believe that my daughter has been claimed on someone else's income taxes. How do I find out who is it, and how do I get them for fraud... read more

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Relocated From Tennesse to Florida - Multiple W-2

Was a permanent resident of Tennessee for 17 years and relocated to Florida on 10/20/2024 and started a new job in Florida on 10/28/2024. Filing Federal Tax Return, when entered the Tennesse W-2 it showed a refund of $350. When I added the Florida W-... read more

K1 FORM FOR ESTATES

K1 form does not populate when entered credit on estates when entered box 11d doesn't give me reduction of taxes owed.my desired outcome is not reflected in refund