Corporate Tax in Brown Deer, Wisconsin

Find the right Corporate Tax attorney in Brown Deer, WI

Corporate Tax Lawyers in Brown Deer

In Brown Deer, Wisconsin, 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.

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

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 Brown Deer, Wisconsin

Every profit-earning corporation in the U.S. must, legally, pay the federal corporate income tax. Most states also have their own corporate income tax, which corporations located in Brown Deer, Wisconsin 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 Wisconsin 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 significantly lower than the individual rate.

Whatever their legal tax rate, all corporations in Brown Deer, Wisconsin 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 Brown Deer, Wisconsin Corporate Tax Lawyer Help?

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

However, if you are the owner of a smaller corporation in Brown Deer, you probably can't afford a full-time in-house lawyer. For that reason, you should hire an attorney in Brown Deer, Wisconsin who practices tax law, on an as-needed basis, if you ever encounter a corporate tax issue, such as an audi

Talk to a Tax Law Attorney now!

Life in Brown Deer

Brown Deer is a village in Milwaukee County and was formerly a part of the town of Granville. Brown Deer officially incorporated on January 20, 1955 and is home to 13,000 Wisconsin residents. The village covers a total of 4.4 square miles and plays host to a large population of Caucasians and African-Americans over half of whom are married. The village is one of only two municipalities in Wisconsin that retains an African American population greater than 10%.

Brown Deer is popular among families because of it's great schools which include Deen Elementary School, Brown Deer Middle School, and Brown Deer High School. Formerly, Algonquin Elementary School was open on North 47th Street but closed because it could not compete with the newer Deen Elementary School. Brown Deer residents enjoy access to many nearby parks and shopping centers that also attract visitors from neighboring counties. Brown Deer also has an outstanding kids sports program for residents which offers baseball, soccer, and basketball among other sports.

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