Primer: Corporate Income Taxes Alexandria VA

If you have chosen to incorporate your business, you must file and pay federal income taxes, and, in many cases, state and local income taxes as well.

Local Companies

Jackson Hewitt - Four Corners
301-681-7180
109 University Blvd. West
Silver Spring, MD
Briel Worldwide Management
(703) 823-8233
4600 Duke St Ste 326
Alexandria, VA
Kelly Anderson & Assoc
(703) 518-8828
424 N Washington St
Alexandria, VA
Burns & Associates Inc
(703) 313-8655
Alexandria, VA
Applewhite Research
(703) 823-2060
Alexandria, VA
Continental
(703) 212-8632
4424 Taney Ave
Alexandria, VA
Ok Real Estate
(703) 683-9600
5911 Kingstowne Village P
Alexandria, VA
Capitol Group Inc the
(703) 683-8953
601 Queen St
Alexandria, VA
Sarratt Acquisition Management Inc
(703) 719-0988
5803 Clermont Dr
Alexandria, VA
R & E Consulting Group Inc
(703) 660-5943
7009 Green Spring Ln
Alexandria, VA



If you have chosen to incorporate your business, you must file and pay federal income taxes, and, in many cases, state and local income taxes as well.

If you are a C Corporation, you will pay income taxes on income left over after business expenses. These taxes are calculated on a sliding scale that usually increases as your income rises. You may also be liable for other taxes, such as personal-holding-company taxes and the accumulated-earnings tax. You should consult with your tax advisor to see exactly what corporate income taxes apply to your company.

If you are an S Corporation, your company, in most cases, will not pay direct taxes. Instead, the income or loss is passed on directly to the shareholders, who pay the tax at the personal rate. Be aware that some states do not recognize S corporation status and tax the company directly. No matter what kind of corporation you are, your federal corporate returns are due a month prior to personal income tax returns -- the fifteenth day of the third month after the company's fiscal year ends. So, if your year ends on December 31, your tax return is due March 15, instead of April 15. Corporate estimated taxes are due on the 15th day of the fourth, sixth, ninth, and twelfth month after the end of the fiscal year. For a year ending on December 31, that would be April 15, June 15, September 15, and December 15.

Featured Local Company

Jackson Hewitt - Four Corners

301-681-7180
109 University Blvd. West
Silver Spring, MD

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- Primer: Personal Income Taxes (sole proprietorships, partnerships) Alexandria VA
If you operate a sole proprietorship or partnership, you must pay city, state, and federal income tax just like anyone else and you are responsible for paying it directly to the government. Federal income taxes must be paid in estimated quarterly payments. These payments are due in four installments on: April 15, June 15, September 15, and January 15. These federal taxes will cover your self-employment tax which includes social security and Medicare. This self employment tax makes working for yourself expensive because when you had a boss, your employer paid for half your self-employment tax and you paid the other tax. You will now be responsible for all of it, although a portion of it is deductible.
- Business Income Taxes Alexandria VA
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- Nonprofit Corporations FAQs Alexandria VA
- Primer: Employment Taxes Alexandria VA
- Avoid These Common Errors and Audit Triggers Alexandria VA
- How To Deal with Home Business Taxes Alexandria VA

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