Corporate Tax in Whittier, California

Find the right Corporate Tax attorney in Whittier, CA

Corporate Tax Lawyers in Whittier

In Whittier, California, a "corporation" is defined 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." Basically, 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 Whittier, California

Virtually 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 Whittier, California are required to pay it.

Under the federal tax system, and the tax laws of some states, corporate income is taxed at a different rate from the income of individuals. For example, 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.

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

In Whittier, California, 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 Whittier, California Corporate Tax Lawyer Help?

Many major corporations employ tax lawyers full time, to ensure that they are in compliance with tax laws, and find legal means to reduce their tax liability.

However, if you are the owner of a smaller corporation in Whittier, you probably can't afford a full-time in-house lawyer. For that reason, you should contact an attorney in Whittier, California who practices tax law, on an as-needed basis, if you ever encounter a corporate tax issue, such as an audi

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Life in Whittier

Whittier is located in Los Angeles County in the state of California. About 12 miles away from Los Angeles, Whittier is a favored commuter city with its bustling economic and residential scene. Whittier, California was named after John Greenleeaf Whittier, a famous poet. The city has over 85,000 residents and was first incorporated in 1898.

Whittier, California is an excellent city for recreation and leisure activities. The city maintains an extensive recreation department that offers youth sports, adult instructional courses, and senior activities. Shopping is excellent in places like the Whittwood Town Center, which is a mall featuring various national retail stores. In addition, the city of Whittier places much emphasis on the development of cultural arts in the city, with projects like the Whittier Cultural Arts Foundation, Art in Public Places, and the Community Arts Coalition.

With its rich history, Whittier, California is also known for its high concentration of historic landmarks, registered both nationally and with the state of California. In particular, the Pio Pico State Historic Park is a well-frequented site, as well as the Whittier Museum. Whittier College is also located in the city and is one of the major employers for the region.

Lawyers in Whittier, California serve the community by offering legal services in a diverse range of fields. Whittier lawyers typically file lawsuits at the Superior Court of California, County of Los Angeles. Experienced lawyers in Whittier can help address legal inquires and provide representation in court.

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