Mr. Beaumont looked at the good doctor and said, you took salary of $50,000 which while a little low is not going to be a problem, but the leasing income should have been reported on Schedule C of his 1040. “What difference does that make?” asked the Doctor. “Let’s see in 2008 you had leasing income of $50,000. In 2009 you had leasing income of $60,000. You’ll owe self employment taxes on a portion of that”, said Beaumont. “What does that mean?” asked the doctor. “About 15% of $40,000 and 3% of the rest” replied the lawyer. “Wait a minute, could you explain that to me”, asked the Doctor.