Corporate Tax in College Station, Texas

Find the right Corporate Tax attorney in College Station, TX

Corporate Tax Lawyers in College Station

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

This rule is called "corporate personhood." Essentially, under the law of Texas, corporations are, in many ways, the same as individual human beings. So, corporations have some of the same legal rights and obligations as actual people.

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

Corporate Tax Rate in College Station, Texas

All corporations in America have to pay a federal income tax. Numerous states also have a corporate income tax, which corporations operating in College Station, Texas have to pay.

Under the federal tax system, and the tax laws of several states, corporate income is taxed at a different rate from the income of individuals. For instance, 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.

In Texas the corporate tax rate likely differs from the individual tax rate as well. In many states, policymakers have decided that the local economy benefits most when it is business-friendly. In those states, the corporate tax rate is typically lower than the individual income tax rate, unlike the federal system, where the corporate tax rate is higher.

Corporations in College Station, Texas are obligated to pay both the state and federal corporate tax. Failing to pay either (or both) of these taxes can result in grave legal penalties, including fines that may prove ruinous, particularly for smaller businesses.

How Can a College Station, Texas 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 most smaller College Station corporations cannot afford to have these professionals on staff. So, they simply hire them as needed. If you are a business owner, and you have concerns about corporate taxation, you should seek the counsel of a competent and reputable tax lawyer in College Station, Texas as soon as you can.

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Life in College Station

College Station is located in Brazos County, in the eastern central part of Texas. College Station is located near Houston, Dallas and San Antonio. Per the 2010 census, the population of the city is 93,857 people.

College station is recognized because it is home to Texas AM University. In fact, the city is a quaint college town! Along with the university, other popular sites include the D.A. "Andy" Anderson Arboretum and the George Bush Presidential Library.

Famous past residents include Sara Alpern, Robert A. Calvert, David M. Lee, Ross King, R.C. Slocum, Robert Gates, Tiffany Thornton, and Brek Shea.

College Station residents, being near some of Texas's largest cities, have easy access to the top-tier firms located in those cities. These surrounding cities have well-experienced, excellent attorneys that practice in many areas of law. Thus, any legal need of College Station residents and local businesses will not be unattended to.

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