Legal Question in Business Law in Illinois

small business

I did $1800.00 worth of simple assembly work from my home last year and received a 1099 MISC. for this work. Would there be a tax advantage for me to form an S-Corp for future income. Estimated income this year will be 10,000.00

Asked on 2/11/09, 7:18 pm

1 Answer from Attorneys

Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

Re: small business

This is an accountant's question. The attorney does the n accountant is better qualified to guide you concerning tax advantages of one kind of entity as opposed to another.

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Answered on 2/11/09, 10:41 pm

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