The return is due March 15 for the previous year. Your S-corp doesn't pay taxes, it files a form 1120S informational return. The 1120S produces a form k-1 that states your share of the companies income and other items. You report that k-1 on Schedule E of your Form 1040 in April. You have to file...
I am not an accountant, but I do have a good understanding of this concept. It works like this. If you are self employed there is a slef employment tax on all your income of 15%. This essentially goes toward social security and Medicare. So let's say you make $100k in profit that means it's $...