Corporate Taxes

A corporation’s after-tax earnings is the income remaining after the corporation’s expenses have been paid, including the tax on its revenue. The company’s after-tax earnings figure…

The state of Virginia requires essentially all corporations that are incorporated under Virginia law or that receive Virginia-sourced income to file a Virginia corporation income tax return.…

A limited liability company has the simplicity of a partnership business in terms of operating the business and has the limited liability protection enjoyed by a corporation. Members of an LLC may…

The Internal Revenue Service taxes corporations on all company profits. It is the only type of business structure that permits the federal agency to tax companies at the federal level. However, the…

Corporations and partnerships are not only structured differently, there are different tax implications for each type of entity. Although corporations are required to pay tax on profits, there are…

The IRS gives many vehicle tax deductions to incorporated businesses that purchase vehicles for ordinary and necessary commercial use. A business owner can claim vehicle expenses with a standard…

Corporations and partnerships are two of the four main business structures in the United States along with limited liability companies, and sole proprietorships. The Internal Revenue Service has given…

The acquisition of a corporation often carries a number of delicate negotiations. The buyer and seller not only may conflict over the value of the company, but also over how best to structure the…

Income disparity refers to any large gap in income levels between different groups of people. Various income disparities exist--even within individual states--between the highest and lowest earning…

Income disparity refers to an inequality in pay, typically for the same work, that may occur between individuals from two groups for a variety of reasons. This concept is often applied to the gender…

Corporations, as separate taxable entities, face a multitude of tax issues specific to their type of organization. There are three that are the most pressing and specific to corporations. The first…

For individuals, determining tax filing deadlines is relatively easy, as the Internal Revenue Service requires all taxpayers to file 1040s by April 15, and estimated taxes in the middle of January,…

The chief executive officers of certain companies have received more than $100 million upon retirement or resignation -- sometimes leaving their companies in ruin. These "golden parachutes" for CEOs…

All sources of income, with few exceptions, are taxable by the federal government. On a corporate tax return, which is called a Form 1120, taxable proceeds are broken down into type. These classes of…

When wrapping up a tax year for an S Corporation, you must provide documentation to the Internal Revenue Serevice, the incorporating state authorities and your stockholders. However, your reporting…

Corporations that are organized under section 504(c) of the tax code operate for a reason other than profit motive and instead work to provide a social benefit. As a result, these organizations are…

While corporations should be cognizant of tax issues throughout the year, the last few months of a corporation's fiscal year are particularly important in this regard. Income taxes are especially…

There is no one tax filing date for corporations. Corporations and all business entities have any number of tax filings required throughout the year. Business tax filings include income tax returns,…

Every corporation, with few exceptions, must file a tax return every year, regardless of whether it has earned taxable income. It must submit Form 1120, the corporate tax return, as well as make…

If you feel your company is paying too much in taxes, you may be right. According to CNN Money, almost two thirds of U.S. companies paid no income taxes. Your company may be able to do the same by…

The IRS has established a special corporate tax rate, which is in many cases higher than the corresponding individual income tax rate. Nevertheless, qualifying corporations can avoid paying federal…

In 1909, during the administration of President William Taft, the United States Congress passed the Corporation Excise Tax Act. Current corporate income tax in the United States has its origins in…

The IRS taxes corporations in two ways. Under Subchapter C of the Internal Revenue Code, corporate income is taxed separately. Under Subchapter S, corporate income is generally not subject to federal…

Corporations of all descriptions are required to file annual income tax returns in the United States. Some corporation owners are under the erroneous impression that if there are no taxes owing, the…

The Income and Corporation Taxes Act of 1970 is United Kingdom legislation containing regulations relating to the calculation and collection of taxes applying to personal and corporate income. The act…

The IRS recognizes two different types of corporations -- those taxed under Subchapter C of the Internal Revenue Code and those taxed under Subchapter S. "C" and "S" corporations have different…

A corporation may pay federal income taxes, depending on its tax status. If it is taxed under Subchapter C of the Internal Revenue Code, it is taxed at corporate tax rates. If it is taxed under…

LLCs and corporations are two common forms of business structure that small-business owners can consider as they are creating or growing their companies. LLC stands for limited liability company, a…

The Corporation Tax Act is a piece of British legislation regarding the taxation of corporations and businesses in the United Kingdom. It is valid in England, Scotland, Wales and Northern Ireland. The…

Just as individual workers pay income taxes to fund government programs and activities, businesses also pay taxes on the money they earn. Corporate taxes vary from state to state and depend largely on…

If you are a corporate officer of a company that accrues federal tax liability, the IRS can assess you personally for the unpaid taxes. The IRS can only assess a portion of any unpaid 941 payroll…

If a corporation has been taxed by a foreign jurisdiction, it is entitled to tax relief based on the Internal Revenue Code that is designed to avoid double taxation. There are two ways to reduce…

Corporate income tax returns are due on the 15th day of the third month following the close of a tax year. The actual due date of your federal business tax return depends on if your company operates…

If you're an accountant for your company and your employer asks you to file past income tax returns, you'll have to verify which tax years need to be filed. If your employer is unsure of how many…

Although the Internal Revenue Service taxes corporate income, the Internal Revenue Code offers generous deductions for many different types of business expenses. Although eligible deductions are…

Corporations are taxed on their own income in the same way as individuals, although their tax rates and available deductions differ. Corporations use IRS Form 1120, "U.S. Corporation Income Tax…

All corporations are required to prepare and file an annual tax return using IRS Form 1120. Most corporations hire certified public accountants to prepare and file their tax returns. Additionally,…

The tax advantages and disadvantages of corporate bonds involve different issues for the investor and the borrower. Corporate bonds are subject to both state and federal tax. Corporate bonds, for…

A limited liability company (LLC) is an independent legal entity that is separate from its owners, just like a corporation. An LLC can contract, obtain credit and accumulate debt in its own name.

Though a limited liability company does not pay a corporate tax unless it elects to be taxed as a C corporation, in most circumstances an LLC will need to file a return. The returns and forms it must…

The wide array of taxes paid by corporations requires a constant diligence to avoid penalties. Corporations pay taxes on income, employment and property values. In addition, corporations are…

The Revenue Wealth Tax Act of 1935 increased the surtax on income beyond $75,000. Surtax rates on incomes beyond $5 million increased to 75 percent (up from 59 percent). It also increased existing…

If a company does business in Georgia, owns property in the state or gets income from Georgia sources, then the company needs to file a corporate tax return. This also includes partnerships and LLCs…

Many corporations must file to amend their tax returns to correct an accounting or clerical error. The Internal Revenue Service (IRS) forms and enforces corporate tax regulations on the federal level.…

When a corporation moves to a new municipality (city or county) it must learn the rules of the government in that municipality. Each municipal body has a different set of taxes and different rate…

In 1993, the U.S. Congress eliminated the corporate tax deduction (IRC 162(m)) for nonperformance based executive compensation over $1 million and established that CEO compensation in general had to…

Corporations are always looking for tax loopholes for both state and federal income tax. Once found, corporations can exploit the loophole to reduce their tax liability. Insurance stuffing is one such…

If you own a corporate enterprise, you may be able to better manage your tax situation with some careful planning. If you do your tax planning well, you could shell out less money in taxes. This…

When your business is incorporated, it is considered a standalone entity that must file a tax return separate from any personal tax returns you file. If your business is a corporation, you must file…

Corporations, like individuals, must pay income taxes. Knowing a company's gross earnings or its earnings before taxes can serve valuable functions, but to understand the bottom line profitability of…

There are some definite benefits to having a holding company in Switzerland. Swiss companies whose main law consists of managing investments and holding participations on a long-lasting basis, and who…

Capital gains taxes can be a deterrent to sell if you invest in property. With taxation rates of 10 percent to 35 percent on increases in property value, gains can become a heavy tax burden for a…

Corporation tax programs can help your business—whether you’re a small company or a large corporation—streamline your tax preparation process. Corporate tax software can also ensure…

Corporate taxation began in 1909 with the passage of the Corporate Income Tax Act. At the time, corporations were required to pay one percent of profits to the government. However, as of 2009,…

Corporations are required to file tax returns each year by March 15 unless they file for an extension. Limited liability corporations are not taxable. Corporations must keep adequate accounting…

Corporations file their income tax returns annually using either Form 1120 or Form 1120S, depending on what type of corporation was originally formed. Regardless of the type of form filed, all…

Individuals have the option of forming either a C-Corporation or an S-Corporation when starting a business. The tax treatment for each type of corporation is different. C-Corporations are subject to…

A corporate tax ID is the same as an employer identification number (EIN). Issued by the Internal Revenue Service (IRS), it also is called a federal tax identification number. You can apply for an…

Taxes are the money paid by companies to government entities for the privilege of doing business. The amount of taxes paid by companies depends on different business factors, including the amount of…

The QuickBooks software program provides everything a business owner needs to keep track of their business finances. QuickBooks is less regularly used to help in the preparation of corporate taxes.…

Traditional C-Corporations pay federal tax on net income. On the other hand, S-Corporations do not pay federal tax on net income. Rather, net income passes through to the shareholders of the…

When mailing corporate tax payments to the Internal Revenue Service, you want to make sure all necessary information is included with the remittance. The IRS will not know why you are making a payment…

Corporate tax breaks are incentives offered by various governments (i.e., federal, state and local governments) to corporations for performing certain tasks or accomplishing certain goals. For…

Corporations pay several taxes throughout the United States. Taxes are paid monthly, quarterly and annually. The federal government maintains a basic corporate income tax with rates between 15 and 39…

Corporate tax credits are more beneficial to organizations that tax deductions because credits are awarded no matter what level of income is reported; whereas, deduction amounts often decrease as…

Corporate tax returns appear in the same format as other financial data, making it difficult for uninformed readers to comprehend the information. Corporate tax returns are comprised of a variety of…

The Internal Revenue Service, or IRS, assesses tax on corporations engaging in business within the borders of the United States. The IRS requires you to keep accounting records and to file an annual…

Knowing, understanding or seeking guidance regarding corporate tax laws will decrease your firm's chances of being assessed a variety of corporate tax penalties. Corporate tax penalties are assessed…

Nearly all states require a corporation or limited liability corporation to have a registered agent. Registered agents are required to be available during certain business hours. It is their duty to…

Unlike LLCs and S corporations, a corporation (also referred to as a C corporation) qualifies for double taxation, since a corporation is taxed at the corporate (business profits) and individual…

Filing income taxes is required for all individuals and businesses alike. With conveniences set up for corporate filing, such as eFile offered by the Internal Revenue Service, corporations can obtain…

Corporate tax preparation programs are designed to help facilitate the filing of tax information for businesses large and small. Many programs are now available online, where they can be easily…

Corporations are legal entities with specific laws and regulations determining their taxes. Most are not taxed at the individual rates of their owners, a key reason for using the corporate structure.…

Your business can claim deductions for any actions and items you that exert a demonstrable effect on your ability to do business. Follow these steps to take deduction that will withstand the scrutiny…