Corporate Tax in Trenton, New Jersey

Find the right Corporate Tax attorney in Trenton, NJ

Corporate Tax Lawyers in Trenton

In Trenton, New Jersey, a "corporation" is a legal entity that is completely distinct from any person - even its owner. So, this means that a corporation is a distinct "person" from its owners and directors.

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

Corporate Tax Rate in Trenton, New Jersey

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 Trenton, New Jersey 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.

Likewise, chances are good that the corporate tax rate in New Jersey are different from individual income taxes. However, many states feel that their economies would be best served by attracting as many businesses as possible. For that reasons, in a large number of states, the corporate income tax rate is considerably lower than the individual rate.

Whatever their legal tax rate, all corporations in Trenton, New Jersey are required to comply with state and federal income tax laws. Failure to pay income tax can be punished by massive fines, which can sometimes prove financially ruinous.

How Can a Trenton, New Jersey Corporate Tax Lawyer Help?

Most bigger companies have corporate attorneys and accountants on staff who help them comply with federal and state tax laws.

As most business owners know, however, the majority of small Trenton corporations can't afford to have attorneys on staff full time. Thus, if you run a small corporation, and are confused about the corporate tax issues that may affect you, it's a very good idea to retain the services of a Trenton, New Jersey tax attorney immediately.

Talk to a Tax Law Attorney now!

Life in Trenton

Trenton is New Jersey's capital. It is seen as a part of the Greater New York Area by many. It is located in Hunterdon County.

Popular attractions include Cadwalader Park, Friends Burying Ground, the New Jersey State House, War Memorial Auditorium, The Trenton City Museum, Trenton Battle Monument, New Jersey State Library, New Jersey State Museum, Old Barracks, William Trent House, and Trenton City Hall.

Trenton is home to many attorneys who practice in law offices and firms. These attorneys focus on providing excellent legal services to their clients, who comprise of both residents and local businesses.

Famous past residents include Steve Braud, Betty Bronson, Al Downing, Greg Grant, Roxanne Hart, Roy Hinson, Gary Stills, Troy Vincent, and Ira W. Wood.

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