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Accounting. Audit and Tax
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omarcombet
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Joined: 17 Dec 2010
Location: United States
Online Status: Offline
Posts: 1

Posted: 17 Dec 2010 at 21:19 \| IP Logged

Need help filing a PSC return. I know to use form 1120 and check the box. But am I correct to assume the PSC is subject to double taxation. No pass through?

So file 1120 then 1040 for the owner of the PSC and the income is considered wages, not schedule C income correct?

Thank you

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