 Income tax 2023-2024, accounting periods, get ready and some coffee so we can lessen the sting from the IRS smack with 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 at irs.gov, irs.gov. Looking at the income tax formula, remember in the first half of the income tax formula 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. Schedule C from the sole proprietorship ultimately rolling into line one income, which is kind of