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Scott Shires 303.751.5444 [email protected]
Sole Proprietorship Schedule C Form 1040
Sub Chapter S Corporation Form 1120 S
C Corporation Form 1120
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]
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