Corporate Tax in Everett, Massachusetts

Find the right Corporate Tax attorney in Everett, MA

Corporate Tax Lawyers in Everett

In Everett, Massachusetts, a "corporation" is an entity that is, under the law, distinct from any of its owners. Essentially, this means that the people who own a corporation, and the corporation itself, are distinct "persons."

This concept is referred to as "corporate personhood" in Massachusetts, and it essentially 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 the major legal duties a corporation has is the requirement that it pay taxes on its income, just as a person would.

Corporate Tax Rate in Everett, Massachusetts

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

Under federal laws that govern 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.

The tax rate in Massachusetts for corporations probably also differs from the taxes that individuals must pay. In some states, the government has determined 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.

In Everett, Massachusetts, corporations must pay both the federal and state corporate income tax. Failing to pay these taxes can result in grave punishment, including huge fines which can put a corporation out of business.

How Can a Everett, Massachusetts Corporate Tax Lawyer Help?

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

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

Talk to a Tax Law Attorney now!

Life in Everett

Everett is located in Middlesex County, Massachusetts. It is conveniently located near Boston and has a population of around 41,667 (per the 2010 census).

Everett's top employer is the LNG terminal of Massachusetts LLC. The company has an approximate property of around 35 acres in Everett.

Everett is also home to attorneys who have established their practices via small law offices. These attorneys are capable to handle any and every legal inquiry, and focus on providing personalized legal services.

Some famous residents include Pat Bradley, Omar Easy, Pat Hughes, Brian Kelly, Ellen Pompeo, and Martin P. Paone.

Other reasons why Everett is recognized is because it is where ABC's show "Boston's Finest" was set. The 2007 film Gone Baby Gone, starring Ben Affleck, also used Everett as the setting.

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