Dealing With Tax Problems: Easy As Pie: Difference between revisions

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Revision as of 13:25, 9 October 2026


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The most typical form of legal entity is the organization. There are two basic forms, C Corp and S Corp. A C Corp pays tax produced from its profit for 4 seasons and then any dividends paid to shareholders furthermore taxed. Hence the term double-taxation. An S Corp however works differently. The S Corp pays no tax on profits. The net income flows by way of the shareholders who then pay tax on that money. The big difference significant that the 15.3% self-employment tax does not apply.

So, by forming an S Corporation, company saves $3,060 for 2010 on a nice gain of $20,000.

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