Corporate Tax in Appleton, Wisconsin

Find the right Corporate Tax attorney in Appleton, WI

Corporate Tax Lawyers in Appleton

In Appleton, Wisconsin, a "corporation" is a legal entity formed 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 Wisconsin are treated as individual persons. This means they have most of the identical legal rights and obligations as actual human beings.

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

Corporate Tax Rate in Appleton, Wisconsin

Practically every for-profit corporation in the U.S. is required to pay taxes on its income each year. Most states also have their own corporate income tax. All corporations in Appleton, Wisconsin are required to pay it.

At the federal level, and in certain states, corporations are taxed at different rates from individuals. Federally, the top corporate tax rate is 35% - a rate applying to corporations earning more than .3 million per year. Corporations earning less than ,000 a year pay a 15% corporate tax rate, and there are a few tax brackets in between. For comparison, the federal income tax for persons maxes out at 33%.

In Wisconsin the corporate tax rate likely differs from the individual tax rate as well. In many states, policymakers have decided that the local economy benefits most when it is business-friendly. In those states, the corporate tax rate is usually lower than the individual income tax rate, unlike the federal system, where the corporate tax rate is higher.

In any case, Appleton, Wisconsin corporations have to pay both the state and federal income tax. If they fail to do so, they can be subject to grave penalties, such as very large fines. These fines can be big enough to put some smaller companies out of business. Suffice to say, it's normally cheaper for corporations to pay their taxes than to not.

How Can a Appleton, Wisconsin Corporate Tax Lawyer Help?

Many larger corporations have lawyers and accountants who guarantee that they are in complete compliance with both state and federal tax law.

As most business owners know, however, the majority of small Appleton 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 an Appleton, Wisconsin tax attorney immediately.

Talk to a Tax Law Attorney now!

Life in Appleton

Appleton is located in both Calumet and Winnebago Counties of Wisconsin. Surrounding waters include the Fox River and Green Bay. Per the 2010 census, it has a population of 78.086 people.

Some popular attractions include the Appleton Art Center, the Gardens of the Fox Cities, Goodland Field, The History Museum at the Castle, John Hart Whorton House, Temple Zion, Time Warner Cable Field at Fox Cities Stadium and the Fox Cities Performing Arts Center.

Top employers include the school district, Miller Electric, St. Elizabeth Hospital, Outagamie County, West Business Services, Valley Packaging Industries and Voith.

Although the legal industry is not included in the top employers list, Appleton is home to many small law offices that provide legal services in practically all areas of practice. Thus, residents do not have to travel far to have their legal needs tended to.

Famous residents include Myrt Basing, Rocky Bleier, Brian Butch, Willem Dafoe, J.P. Hayes, Erik Jensen, Ron Kostelnik, and Terry Zwigoff.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Joel C.
Joel C.

Tax Law

Davidson, TN

Edwin L.
Edwin L.

Tax Law

Fayette, TN

Tax Defense N.
Tax Defense N.

Tax Law

Ohio, TN