 Income tax 2023-2024, excise taxes, get ready and some coffee so we can recognize the code cracks when doing income tax preparation 2023-2024. Most of this information can be found in Publication 334, Tax Guide for Small Business for Individuals who Use Schedule C Tax Year 2023 which you can find on the IRS website irs.gov, irs.gov, looking at the income tax formula remember in the first half of the income tax formulas basically a funny income statement most income statements having income minus expenses resulting in net income here having income minus various deductions resulting in taxable income the Schedule C for the sole proprietor ultimately rolls into line one income of the formula which is strong