How To Handle With Tax Preparation: Difference between revisions
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Revision as of 09:17, 9 October 2026
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Hence the term double-taxation. An S Corp however works differently. The S Corp pays no tax on profits. The profit flows high on the shareholders who then pay tax on that money. The big difference yet another excellent that the 15.3% self-employment tax does not apply. So, by forming an S Corporation, enterprise saves $3,060 for this year on a profit of $20,000. The income tax still applies, but More than likely someone prefer pay $1,099 than $4,159.
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