Corporate Tax in Pittsburgh, Pennsylvania

Find the right Corporate Tax attorney in Pittsburgh, PA

Corporate Tax Lawyers in Pittsburgh

A "corporation" in Pittsburgh, Pennsylvania is an organization formed under state law which is regarded a separate "person" from any of the people who run it.

This doctrine is recognized as "corporate personhood." While the concept is somewhat abstract, the law of Pennsylvania treats corporations as individual persons, for most purposes. This means that, legally, corporations have most of the same rights, privileges, and commitments as living, breathing human beings.

One of these commitments is the duty to pay income tax in much the same way as an individual person.

Corporate Tax Rate in Pittsburgh, Pennsylvania

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

In most states, and at the federal level, corporations are taxed at a different rate than individuals. At the federal level, the corporate income tax maxes out at 35% for corporations that earn more than .3 million per year. Corporations that earn less than ,000 per year are taxed at 15%. There are many tax brackets in between. Nonetheless, the individual federal income tax rate tops at 33%.

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

Whatever their legal tax rate, all corporations in Pittsburgh, Pennsylvania are obligated to comply with state and federal income tax laws. Failure to pay income tax can be punished by massive fines, which can occasionally prove financially ruinous.

How Can a Pittsburgh, Pennsylvania 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.

But if you are the owner of a small corporation in Pittsburgh, chances are you don't have a full-service legal department on your payroll. Therefore, if you need help with your corporate taxes, it's critical that you speak with a lawyer in Pittsburgh, Pennsylvania who practices tax law.

Talk to a Tax Law Attorney now!

Life in Pittsburgh

Pittsburgh is known as "The Steel City" for the extensive steel trade that fed the city's economy through the 1970s. Some folks know Pittsburgh as "The City of Bridges" because it's positioned at the confluence of the Allegheny River and Monogahela River. The Allegeheny and Monogahela Rivers combine to create the Ohio River. The three waterways create the triangular shape of downtown Pittsburgh. There are more than 450 bridges within Pittsburgh city limits. Today, Pittsburgh is home to a number of high tech companies that specialize in everything from robotics and biotechnology to internet startups. Pittsburgh is home to a number of corporate headquarters who are responsible for many downtown skyscrapers. Tied for the 8th most Fortune 500 companies, Pittsburgh is home to PNC Financial, U.S. Steel, H.J. Heinz Company, WESCO Internations, Mylan Labs, CONSOL Energy, PPG Industries who supply paint and optical coatings, as well as Dick's Sorting Goods who operate over 408 national retail locations. Pittsburgh is a major manufacturing city but that doesn't mean they don't have world class entertainment and culture available. The Andy Warhol Museum, Carnegie Museum of Art, and the ArtGardens are just a few options that locals have. The Pittsburgh Symphony Orchestra calls Heinz Hall home. Heinz Hall also hosts a number of other concerts like Bruce Springsteen and other natural disaster aid concerts. The rap song "Black and Yellow" by Pittsburgh's Wiz Khalifa is one example of great local musicians. George Benson, Perry Como and Christina Aguilera all hail from Pittsburgh or Pitts suburbs. No wonder Pittsburgh is ranked consistently as "one of the most livable places in the United States."

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