Primer: Corporate Income Taxes Apache Junction AZ

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

Quality Consulting Services Inc
(480) 474-4970
Apache Junction, AZ
Family Business Dynamics
(520) 888-5972
5669 N Oracle Rd
Tucson, AZ
Prometric Thomson
(602) 437-5588
4920 S Wendler Dr
Tempe, AZ
Replenishment Technology Group
(480) 704-3810
3911 E Jaguar Ave
Gilbert, AZ
Predictive Index
(480) 423-5222
8730 E Via De Cerro
Scottsdale, AZ
Novell
(602) 508-6066
2415 E Camelback Rd
Phoenix, AZ
Clifton Gunderson Llp
(520) 790-3500
Tucson, AZ
Tectonics International Inc
(480) 951-4503
8655 E De Ventura VI # G200
Scottsdale, AZ
Lin Associates
(602) 943-5235
9119 N 7th St
Phoenix, AZ
North Coast Consulting Inc
(480) 988-5040
1798 S Longspur Ln
Gilbert, AZ



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

Leonard F. Baker, CPA, PC

(602) 277-4008
77 E. Weldon Avenue
Phoenix, AZ


Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History