Primer: Corporate Income Taxes Cleveland TN

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

Arbor Management Group
(423) 559-6222
2305 Chambliss Ave NW
Cleveland, TN
Corporate Planning Network
(901) 756-8244
989 Cordova Station Ave
Cordova, TN
Nannies of Cookeville Inc the
(931) 520-7749
125 E Stevens St
Cookeville, TN
Cla Estate Services
(615) 371-6656
104 Eastpark Dr
Brentwood, TN
Infinity Business Consulting
(865) 329-3000
Knoxville, TN
Strategic Resource Management
(901) 681-0204
1661 International Dr Ste 350
Memphis, TN
Success Seminars & Coaching
(931) 461-9127
101 W Lincoln St
Tullahoma, TN
Rebrovick Art Jr
(615) 352-3800
95 White Bridge Rd
Nashville, TN
Surgical Health Group Llc
(615) 345-0275
215 Jamestown Park
Brentwood, TN
Shc Management
(615) 371-6673
104 Eastpark Dr
Brentwood, TN



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

Sanders & Associates

(770) 232-0222
1170 Ramser Dr
North Metro, GA


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