Tag Archive for: corporate Tax

Determining the amount of taxes you owe depends on the type of business entity your corporation is.

To avoid double taxation, or when both shareholders and the corporation pays taxes, the business chooses which kind of corporation it is and who will pay the taxes.

Corporate Tax Lawyer in San Diego

UNDERSTANDING CORPORATE & BUSINESS TAX LAW

When faced with complicated corporation tax matters, retaining the legal guidance of a dedicated tax law firm is in your best interest. At Milikowsky Tax Law, our San Diego corporate tax attorney has successfully represented numerous businesses struggling with their taxes. Whether you are currently faced with trouble from the IRS for not paying your corporate taxes, or you just need a tax lawyer to help you stay out of trouble, our law firm is your one-stop-shop for all tax law needs.

ABOUT CORPORATE TAXES AND YOUR BUSINESS

Corporate taxes, or the taxation of corporate businesses, is paid to both state and federal governments. Corporate taxes are also different than individual taxes, but it is possible to be individually taxed in addition to paying corporate taxes.

Kinds of taxes a corporation must pay include:

  • Payroll Tax
  • Real Estate Tax
  • Income Tax
  • Excise Tax
  • Franchise Tax

Determining the amount of taxes you owe depends on the type of business entity your corporation is. To avoid double taxation, or when both shareholders and the corporation pays taxes, the business chooses which kind of corporation it is and who will pay the taxes.

  • Within S Corporations, the shareholders are the ones that pay the corporate tax. They pay taxes on their dividends, and the corporation pays no income tax.
  • Within C Corporations, the corporation’s income is taxed rather than its shareholders. Taxes are paid on a graduated scale with the first $50,000 of profit being taxed at 15%.

Hiring a San Diego corporate tax attorney can help you determine which is the right type of corporation for your business, how much you owe, and how to avoid trouble with the IRS and EDD. At Milikowsky Tax Law, our legal team has years of experience helping businesses through complicated tax matters.