What Is The Irs Voluntary Disclosure Amnesty: Difference between revisions
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Latest revision as of 18:26, 21 September 2026
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The big difference here is that the 15.3% self-employment tax does not apply. So, by forming an S Corporation, your business saves $3,060 for the year on a fortune of $20,000. The income tax still applies, but For those of you someone would rather pay $1,099 than $4,159. That are a wide savings. We hear a lot about income taxes, a lot of people can't predict just how much income-related taxes they're paying back.
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