Corporate Tax in Bellevue, Washington

Find the right Corporate Tax attorney in Bellevue, WA

Corporate Tax Lawyers in Bellevue

In Bellevue, Washington, a "corporation" is a legal entity established under the law, which is treated (for some purposes) as a "person" with a legal identity distinct from that of its owner.

Corporations are subject to the rule of "corporate personhood." Simply put, this means that corporations, under the law in Washington are treated as individual persons. This means they have many of the same legal rights and responsibilities as actual human beings.

As a prime example, corporations have to pay income taxes, just as a person would.

Corporate Tax Rate in Bellevue, Washington

All corporations in America have to pay a federal income tax. Several states also have a corporate income tax, which corporations operating in Bellevue, Washington have to pay.

In most states, and at the federal level, corporations are taxed at a different rate than individuals. At the federal level, the corporate income tax maxes out at 35% for corporations that earn more than .3 million per year. Corporations that earn less than ,000 per year are taxed at 15%. There are many tax brackets in between. However, the individual federal income tax rate tops at 33%.

The tax rate in Washington for corporations probably also differs from the taxes that individuals must pay. In some states, the government has decided that their interests would be best served by making corporate taxes as low as possible. So in many states, the tax rate for corporations is much lower than the one paid by individuals, unlike the federal corporate tax.

In Bellevue, Washington, corporations must pay both the federal and state corporate income tax. Failing to pay these taxes can result in severe punishment, including huge fines which can put a corporation out of business.

How Can a Bellevue, Washington Corporate Tax Lawyer Help?

Most larger corporations have lawyers and accountants who ensure that they are in full compliance with both state and federal tax law.

As most business owners know, however, the majority of small Bellevue corporations can't afford to have attorneys on staff full time. Therefore, if you run a small corporation, and are confused about the corporate tax issues that may affect you, it's a very good idea to retain the services of a Bellevue, Washington tax attorney immediately.

Talk to a Tax Law Attorney now!

Life in Bellevue

Bellevue is located in King County, Washington. It is near Lake Washington and Seattle. Per the 2010 census, it has a population of approximately 122,363 people. The city is well-recognized now because in 2008, CNNMoney ranked it as one of the best places to live and launch a business. Recently, it was ranked fourth as one of the best places to live in the U.S. The city's nickname is "beautiful view."

Popular sites include the Bellevue Arts Museum, the Rosalie Whyel Museum of Doll Art, KidsQuest Children's Museum, and Meydenbauer Center.

Bellevue is also home to many practicing attorneys who have established their practices via small firms or local law offices. Thus, residents have access to competent attorneys who focus on providing personalized, as well as excellent, legal services.

Famous residents include Ann Wilson, Megan Hilty, William S. Ayer, Jeff Ulbrich, Deon Butler, Martin Harrison, Michael Brantley, Aaron Curry, and Tim Lincecum.

Overall, this is a wonderful city to visit or call home!

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