Corporate Tax in Houston, Texas

Find the right Corporate Tax attorney in Houston, TX

Corporate Tax Lawyers in Houston

A "corporation" in Houston, Texas is an organization established under state law which is considered a separate "person" from any of the people who run it.

This system is sometimes called "corporate personhood" by Texas lawyers. It means, in simple terms, that the law treats a corporation just as it would treat a human being - having most of the legal rights and duties that also apply to individuals.

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 Houston, Texas

Every profit-earning corporation in the U.S. must, legally, pay the federal corporate income tax. Most states further have their own corporate income tax, which corporations located in Houston, Texas have to remit.

At the federal level, and in some states, corporations are taxed at different rates from individuals. Federally, the top corporate tax rate is 35% - a rate applying to corporations earning more than .3 million per year. Corporations earning less than ,000 a year pay a 15% corporate tax rate, and there are a few tax brackets in between. For comparison, the federal income tax for individuals maxes out at 33%.

Likewise, chances are good that the corporate tax rate in Texas 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 substantially lower than the individual rate.

In any case, Houston, Texas corporations have to pay both the state and federal income tax. If they fail to do so, they can be subject to severe penalties, such as very large fines. These fines can be big enough to put some smaller companies out of business. Suffice to say, it's normally cheaper for corporations to pay their taxes than to not.

How Can a Houston, Texas 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.

But if you are the owner of a small corporation in Houston, 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 crucial that you speak with a lawyer in Houston, Texas who practices tax law.

Talk to a Tax Law Attorney now!

Life in Houston

Houston, Texas is a large area with many fun-filled attractions for tourists to enjoy. For starters, the Lyndon B. Johnson Space Center consists of 1,620 acres and 100 facilities where people can experience a zero-gravity environment and a virtual rocket launch. For all those with secret astronaut aspirations, this NASA attraction is perfect!

The Houston Zoo has over 4,500 animals and is a great place for some family fun. Kemah Boardwalk consists of a large amusement park, Ferris wheel, train ride, hotels, and restaurants. It is the mini-Disneyland of Houston!

Other popular attractions include the Museum District, Downtown Aquarium, Galleria Mall, and Bayou Place, the popular entertainment megaplex filled with theatres, bars, lounges and restaurants.

With a large population of 2.1 million people, it is natural that a large legal industry is needed to suit the needs of so many. With a few law schools in Houston producing many graduates, the mid to small sized law firms adequately handle the citizens' legal needs.

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