Corporate Tax in New Berlin, Wisconsin

Find the right Corporate Tax attorney in New Berlin, WI

Corporate Tax Lawyers in New Berlin

In New Berlin, 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 New Berlin, Wisconsin

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

Under federal laws that govern 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 Wisconsin 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 New Berlin, 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 New Berlin, Wisconsin Corporate Tax Lawyer Help?

Most larger corporations have lawyers and accountants who ensure that they are in full compliance with both state and federal tax law.

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

Talk to a Tax Law Attorney now!

Life in New Berlin

New Berlin, Wisconsin is a charming city situated between Madison and Milwaukee. New Berlin was ranked in the #34 of the Top 100 best Small American Towns to live in by Money Magazine. New Berlin is just under 37 square miles in size, and has twenty six parks in its city limits. It is no wonder that there is a high quality of life in New Berlin, and lots of outdoor activities for its residents and visitors to enjoy. Another aspect of New Berlin that makes it a top small town to live in is the professional community. New Berlin lawyers, for example are some of the best in the business and their wide range of specialties is a great resource for their community to take advantage of. In the summer, there are lots of outdoor concerts in New Berlin. New Berlin also has a highly ranked public school system, as well as great private schools. The New Berlin Industrial Park, composed of three business centers is a big part of the city's growing economy. With the range of activities and great location, it is no wonder New Berlin is such a great city to live in!

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