Forming, operating, and maintaining an S-Corp can provide significant tax benefits. Use our detailed calculator to determine how much you could save. Also, take a look at our blog and video at What you Really Need to Know About S-Corp Tax Savings.
Simply input your annual net income from self-employment. You can find this number on Line 12 of your most recent 1040 tax return. Alternatively, you can estimate what your net income will be this year.
Here you need to enter reasonable compensation. As a general rule, this is the fair value you would expect to receive as an employee for the services you provide (to your corporation).
Potential Uses For Savings: