Corporate Tax in Riverside, California

Find the right Corporate Tax attorney in Riverside, CA

Corporate Tax Lawyers in Riverside

In Riverside, California, a "corporation" is specified as a legal entity that's separate from its owners. Thus, from a legal standpoint, the owner of a corporation and the corporation itself are not the same "person."

This rule is called "corporate personhood." Essentially, under the law of California, corporations are, in many ways, the same as individual human beings. Thus, corporations have some of the same legal rights and obligations as actual people.

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

Corporate Tax Rate in Riverside, California

All corporations in America have to pay a federal income tax. Various states also have a corporate income tax, which corporations operating in Riverside, California have to pay.

Under the federal tax system, and the tax laws of several states, corporate income is taxed at a different rate from the income of individuals. For instance, the top federal income tax rate for corporations is 35%, compared with 33% for individuals. The highest tax rate applies to corporations making more than .3 million per year. The lowest corporate tax rate is 15%, applying to those corporations that make less than ,000 per year.

The corporate tax rate in California may also differ from the individual tax rate. However, in many states, the corporate tax rate is lower than the individual income tax rate. This is because many states believe that the ideal way to attract business (and consequently improve their economies) is to have a low corporate tax rate.

Corporations in Riverside, California are obligated to pay both the state and federal corporate tax. Failing to pay either (or both) of these taxes can result in grave legal penalties, including fines that may prove ruinous, particularly for smaller businesses.

How Can a Riverside, California Corporate Tax Lawyer Help?

The majority of big corporations have accountants, tax lawyers, and other legal/financial specialists on staff to guarantee that they adhere with state and national corporate tax laws.

But most smaller Riverside corporations cannot afford to have these professionals on staff. Thus, they simply hire them as needed. If you are a business owner, and you have concerns about corporate taxation, you should seek the counsel of a competent and trustworthy tax lawyer in Riverside, California as soon as you can.

Talk to a Tax Law Attorney now!

Life in Riverside

The City of Riverside is unsurprisingly the seat of Riverside County and home to numerous historical, cultural, and educational institutions. In fact, Riverside is called the "City of Arts and Innovation." The Fox Performing Arts Center is better known as the "Fox Theater" is best known for being the location for the first theater preview screening of the American Classic "Gone with the Wind." The Fox Theater was recently restored and reopened for a sold out Sheryl Crow concert. It's located in downtown near the California Museum of Photography, which boasts the most comprehensive photographic collection west of the Mississippi. The Riverside County Historic Courthouse is a historical and architectural attraction built in the "beaux arts" style. There are also a number of Queen Anne style homes in Riverside's Historic District.

Annual visitors come to Riverside for events like the Riverside International Film Festival, Riverside Air Show, and the Riverside Dickens Festival that campaigns for literary and community awareness. Other seasonal visitors include students attending the nearby institutions of higher education like nearby University of California at Riverside. UC Riverside is also the largest employer in the city with over 7,100 faculty and staff. California Baptist College, California Southern Law School, Riverside City College, and La Sierra University round out the other major colleges in Riverside. There are also a number of important courts in Riverside like the United States District Court, US Bankruptcy Court for Central California, Riverside Superior Court, and California Court of Appeals. You might guess there would be a number of knowledgeable lawyers in the area as well. Bakersfield actually offers a number of lawyers who specialize in more than Criminal, Bankruptcy, and Immigration cases. The bustling film industry in Riverside has brought a number entertainment and contract related lawyers to the city.

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

Gotham Light