Corporate Tax in Kent, Washington

Find the right Corporate Tax attorney in Kent, WA

Corporate Tax Lawyers in Kent

In Kent, Washington, a "corporation" is a legal entity established under the law, which is treated (for some purposes) as a "person" with a legal identity distinct from that of its owner.

Corporations are subject to the rule of "corporate personhood." Simply put, this means that corporations, under the law in Washington are treated as individual persons. This means they have many of the same legal rights and responsibilities as actual human beings.

As a prime example, corporations have to pay income taxes, just as a person would.

Corporate Tax Rate in Kent, Washington

All corporations in America have to pay a federal income tax. Several states also have a corporate income tax, which corporations operating in Kent, Washington have to pay.

Under federal laws that regulate 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 Washington for corporations probably also differs from the taxes that individuals must pay. In some states, the government has decided 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.

Whatever their legal tax rate, all corporations in Kent, Washington 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 Kent, Washington Corporate Tax Lawyer Help?

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

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

Talk to a Tax Law Attorney now!

Life in Kent

Kent is located in King County, Washington. It is a surrounding suburb of Seattle. Per the 2010 census, Kent is home to 92,411 people.

Top employers include REI, Oberto Sausage, Boeing, Coho Distributing, Sysco, Alaska Airlines and Starbucks Coffee. Other employers include small law offices and boutique law firms that employ many competent attorneys and support staff. Such entities easily tend to the legal needs of residents.

The city is well-recognized as the popular host for such events as the Cantebury Faire, Kent Cornucopia Days, Kent Farmers Market, ShoWare Center, and Kent Saturday Market.

Famous residents include Earl Anthony, Ernie Conwell, Jeff Jaeger, Brenda Raganot, Cam Weaver, and Kelly Bachand.

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