Startups
- Business Structures
- Tax Identification Numbers
- Accounting Methods
- Income
- Converting Personal Use Property to Business Use
- Your Tax Year
- Your Books and Records
- Passive Activity Rules
- At Risk Rules
- What is a Small Business?
- Qualifying Small Business (QSB) Stock (Section 1202)
- Section 1244-Losses on Small Business Stock
More Tax Topics
- Business Structures
- Start-up Costs
- Depreciation
- Car Expenses
- Home Office Deduction
- Travel Expenses
- Hiring Workers
- Meals and Entertainment
- Retirement
- Top Tax Myths
- Per Diem Rates - IRS Publication 1542 Oct 2011 for Travel Within the Continental U.S (for employers who pay a per diem allowance to employees)
Quick Links
Hot Topics
Need Some Deductions for 2011?
Don't overlook these!
Updated for 2011
Note: DO NOT use this table for a Qualified Personal Service Corporations (PSC)
A PSC pays a FLAT RATE of 35% on its Taxable Income (TI)
| Taxable Income Over- | But Not Over- | Tax Is | Of the Amount Over |
|---|---|---|---|
| $0 | $50,000 | 15% | -0- |
| 50,000 | 75,000 | 7,500+25% | $50,000 |
| 75,000 | 100,000 | 13,750+34% | 75,000 |
| 100,000 | 335,000 | 22,250+39% | 100,000 |
| 335,000 | 10,000,000 | 113,900+34% | 335,000 |
| 10,000,000 | 15,000,000 | 3,400,000+35% | 10,000,000 |
| 15,000,000 | 18,333,333 | 5,150,000+38% | 15,000,000 |
| 18,333,333 | ---------- | 35% | -0- |
Related Links
- The Incorporation Process
- Types of Corporations
- Taking Money Out of a Corporation
- Advantages of a Corporation
- Disadvantages of a Corporation
- Transferring Property Into a Corporation
- Documents Used to Transfer Property Into a Corporation
- Leasing and Licensing Property to a Corporation
- Opening a Corporate Bank Account
- Valuation of Property Transferred Into a Corporation
- Section 351(a)-Tax-Free Exchange
- Section 351(b)-Partially Taxable Exchange
- Section 1244 Losses on Small Business Stock
- Who May Claim an Ordinary Loss on Section 1244 Stock?
- Deduction Limit for Section 1244 Stock
Copyright © 2008-2012 Larry Villano. All rights reserved.