 Income Tax 2022-2023 Employment Taxes Let's do some wealth preservation with some tax preparation. Most of this information comes from the tax guide for small business for individuals who use Schedule C Publication 334 Taxure 2022. You can find on the IRS website, irs.gov, irs.gov. Income tax formula focused online, one that being income. Remember, in the first half of the income tax formula is an essence in income statements, although just a framework, just a scaffolding, other forms feeding into these line items. For example, the Schedule C, our major focus here being another income statement, income minus expenses, those expenses being business deductions, the net income flowing into line one of our income tax formula. This is page one of the Form 1040 of Schedule C.