Non Service Business - Schedule C vs. S Corporation
Non Service Business - Schedule C vs. S Corporation      
       
  Inputs Schedule C S Corporation
Filing Status
Tax Year
   
Qualified Trade or Business Income (Enter QBI Before S Corp Shareholder's Salary)
S Corporation Shareholder's Salary  N/A 
       
Comparison of Taxable Business Income      
Individual's Total Business and Wage Income  
Self-Employed Individual's Deduction for Half of Federal Employment Taxes    N/A 
S Corporation's Deduction for Employer's Share of Federal Employment Taxes    N/A 
IRC §199A Deduction  
Taxable Business and Wage Income  
       
Federal Income Taxes Payable on Taxable Business and Wage Income  
Federal Employment Taxes Payable (Both Employee & Employer Share)  
Total Federal Income and Employment Taxes Payable  
       
Support
Contact support@leimberg.services
Questions? Click to read the FAQ

© 2018 Leimberg Information Services, Inc. ALL RIGHTS RESERVED No user may modify this software in any way, including but not limited to, decompiling, copying, sharing, disassembling, or otherwise reverse engineering the software.



Note that the pass-through deduction is available for taxable years beginning after December 31, 2017 and under current law will not be available for taxable years beginning after December 31, 2025. The decision to operate a business as a sole proprietorship reporting income on a Schedule C, as a single-member LLC that is a disregarded tax entity reporting income on a Schedule C, or as an S corporation, or as another type of entity, involves many factors. Advisors may want to consider other factors, as this calculator is designed to analyze the federal income and employment taxes of operating a business as a sole proprietorship or as an S corporation, especially with respect to the IRC 199A deduction.

These calculators do not represent tax, accounting, or legal advice. Individual taxpayers should rely on their own advisors. The authors and publisher expressly waive and disclaim any and all warranties concerning the calculators and their use or operation, whether express or implied, including without limitation, any warranty of merchantability or fitness for a particular purpose. The authors make no warranties as to the results to be obtained from the use of the calculators. You expressly agree that the use of the calculators is at your sole risk. The authors will not in any way be liable to you or any other person or entity for any damages, claims, liabilities or losses, regardless of cause, arising from the use of the calculators. The calculators are provided to you on an "as is" basis and without warranty of any kind.