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Tax.appeal.168, Tax Accountant
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what form does a Professional Corporation /"P.C." use. And

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what form does a Professional Corporation /"P.C." use. And then do I just 1099 myself on the profits?
Welcome. THANK YOU for choosing Just Answer. My goal is to help make YOUR life, a little...LESS taxing.

PSCs (Personal service corps) are taxed as a class C Corporation with a flat rate of 35 percent. C corps file form 1120. You use the Schedule K-1 to report profits to yourself. The information from the Schedule K-1 is transferred to the Form 1040.

Link to Form 1120/instructions:

Form 1120 Schedule K-1/instructions:

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