Corporate Tax in Darien, Connecticut

Find the right Corporate Tax attorney in Darien, CT

Corporate Tax Lawyers in Darien

In Darien, Connecticut, 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 Connecticut, 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.

An obvious example of this concept is a corporation's obligation to pay income taxes similar to how an actual person would.

Corporate Tax Rate in Darien, Connecticut

Every corporation in the U.S. which has taxable income must pay its share of the federal corporate income tax. The majority of states additionally have a corporate income tax, which Darien, Connecticut corporations are required to pay.

At the federal level, and in some 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 individuals maxes out at 33%.

The tax rate in Connecticut 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.

Whatever a company's legal tax rate is, all corporations in Darien, Connecticut must pay the taxes assessed against them. If they don't, they can be made to pay very considerable fines - typically much larger than their original tax bill.

How Can a Darien, Connecticut 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.

Of course, smaller companies in Darien can't afford to have full-time legal and accounting departments on their payroll. Accordingly, if your business is organized as a corporation, and has an issue with its taxes, it's imperative that you contact a Darien, Connecticut tax attorney as soon as possible.

Talk to a Tax Law Attorney now!

Life in Darien

The small town of Darien, Connecticut is one of the most affluent communities in the United States. Located on the "Gold Coast" of Connecticut, Darien is home to just under 20,000 residents. Darien is a popular city for people who work in New York and surrounding areas to live.

The median home price in Darien is million. Kate Bosworth and Topher Grace are just two celebrities that called Darien home at one time or another. Darien has small city charm, lots of city parks, and wonderful shopping for tourists and residents to enjoy. Darien is also a wonderful place to stay as there are many popular boutique hotels to enjoy.

In addition to residents enjoying a high standard of living in Darien, there are also many talented lawyers in Darien. Darien lawyers are available to serve their community in any legal issue they may find themselves confronted with. Lawyers in Darien are the best at what they do and residents of Darien are lucky to live there not just because of the location, but because of the amazing legal cultural in Darien.

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