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How should I file? Scott Shires 303.751.5444 [email protected] Sole Proprietorship Schedule C Form 1040 Sub Chapter S Corporation Form 1120 S C Corporation Form 1120

How should I file? Scott [email protected] Sole Proprietorship Schedule CForm 1040 Sub Chapter S Corporation Form 1120 S C Corporation

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Page 1: How should I file? Scott Shires303.751.5444scott.shires@gmail.com Sole Proprietorship Schedule CForm 1040 Sub Chapter S Corporation Form 1120 S C Corporation

How should I file?

Scott Shires 303.751.5444 [email protected]

Sole Proprietorship Schedule C Form 1040

Sub Chapter S Corporation Form 1120 S

C Corporation Form 1120

Page 2: How should I file? Scott Shires303.751.5444scott.shires@gmail.com Sole Proprietorship Schedule CForm 1040 Sub Chapter S Corporation Form 1120 S C Corporation

Schedule C S Corp

Revenue $10,000 $10,000

Cost of Goods $2,000 $2,000

Expenses

• Advertising $500 $500

• Office and Other $2,000 $3,000

• Travel $500 $500

Profit $5,000 $4,000

Scott Shires 303.751.5444 [email protected]

Page 3: How should I file? Scott Shires303.751.5444scott.shires@gmail.com Sole Proprietorship Schedule CForm 1040 Sub Chapter S Corporation Form 1120 S C Corporation

Scott Shires 303.751.5444 [email protected]

Schedule C S Corp

Revenue $10,000 $10,000

Cost of Goods $2,000 $2,000

Expenses $3,000 $4,000

Profit $5,000 $4,000

Self Employment Tax13.2%

$660 $264*

Income Tax $500 $400

*Allocation of income

Page 4: How should I file? Scott Shires303.751.5444scott.shires@gmail.com Sole Proprietorship Schedule CForm 1040 Sub Chapter S Corporation Form 1120 S C Corporation

Scott [email protected]

303.751.5444

www.shiresfinancial.com