- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Thanks again, jdj20912!
In general, the information would be the same, other than the fact that as a C-corporation, you will be taxed as a completely separate tax entity. You will file a corporate tax return, form 1120 and pay taxes at the corporate level. You could potentially be subject to double taxation, if you elect to have any of your corporate income distributed to you in the form of dividends, as the business owner, in addition to the salary you pay yourself, and report on your W-2.
Here are some additional links you may find helpful:
Please feel free to reach back out with any additional questions or concerns you might have!
Have an amazing rest of your day!
*Please say "Thanks," by clicking the thumbs up icon at the bottom of the post.
**Select the post that answers your question by clicking on "Mark as Best Answer