Corporate Tax in West Haven, Connecticut

Find the right Corporate Tax attorney in West Haven, CT

Corporate Tax Lawyers in West Haven

In West Haven, 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 concept is referred to as "corporate personhood" in Connecticut, and it typically means that, for many purposes under the law, corporations are treated the same as individual people, being subject to many of the same rights and responsibilities.

One of a corporation's primary legal obligations is its duty to pay income taxes, as an actual person would.

Corporate Tax Rate in West Haven, Connecticut

Every corporation in the United States is required to pay federal income tax. Most states also have a corporate income tax, which corporations doing business in West Haven, Connecticut are required to pay.

Under federal laws that regulate corporate income taxes, corporations pay a different income tax rate from individual people. Corporations pay a maximum federal income tax rate of 35%, and a minimum rate of 15%, depending on their income. The high tax rate applies to corporations that make .3 million per year, and the low rate applies to any company bringing in less than ,000.

There's also a good chance that the tax rate applicable to corporations in Connecticut differ from the individual tax rates. Some states feel that the best economic policy is to attract as many businesses as they can. Thus, in some states, the corporate tax rate is lower than the individual tax rate.

Corporations in West Haven, Connecticut are required to pay both the state and federal corporate tax. Failing to pay either (or both) of these taxes can result in severe legal penalties, including fines that may prove ruinous, especially for smaller businesses.

How Can a West Haven, Connecticut Corporate Tax Lawyer Help?

Most very large corporations have tax attorneys and accountants on staff, as full-time employees, who help them stay in compliance with all applicable state and federal income tax laws.

Of course, smaller companies in West Haven 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 West Haven, Connecticut tax attorney as soon as possible.

Talk to a Tax Law Attorney now!

Life in West Haven

West Haven is known as "Connecticut's Youngest City", as it only recently incorporated 1961. Ironically, it is one of the oldest settlements in the nation dating back to the 1600's. The city is located in New Haven County and has a population of about 53,000. It was originally founded as a shipping and industrial center focusing on rubber production and buckle shops.

West Haven is home to several nationally-acclaimed schools such as the University of New Haven and Notre Dame High School. The city is also full of sites that are listed on the National Register of Historic Places such as the American Mills Web Shop and Old West Haven High School.

One of the main attractions in West Haven is the Savin Rock area. Savin Rock was originally home to a seaside resort and an amusement park for several decades. It has now been converted into a walk and beach path. These days the area hosts the annual Savin Rock Festival held every summer. The festival is a four-day event featuring music, food, and different musical bands every night.

Lawyers in West Haven, Connecticut spend a lot of their time in the New Haven County Superior Court, which hears a variety of different legal claims. Many West Haven lawyers are members of outstanding civic and professional organizations like the New Haven County Bar Association.

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