All Topics > Business Services > Primer: Corporate Income Taxes >

Primer: Corporate Income Taxes Kentucky

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

Liberty Tax Service/Louisville Tax Planning
502-966-8417
5005 Preston Highway
LouISVILLE, KY

Verble Worth Verble Inc
(859) 254-0883
165 Constitution St
Lexington, KY

River City Technology
(606) 833-8218
Russell, KY

Bvaluation Inc
(502) 426-3066
9750 Ormsby Station Rd
Louisville, KY

Community Ventures Corp
(859) 231-0054
1450 N Broadway
Lexington, KY

Straight Solutions Llc
(502) 394-0799
3414 Trail Ridge Rd
Louisville, KY

Lane Communications Group
(859) 244-3553
Lexington, KY

Rolling Hills Enterprises
(270) 547-5005
4425 Fackler Rd
Webster, KY

Lick Creek Tenant Trailer
(606) 835-7320
1990 Lick Creek Rd
Fedscreek, KY

Bedrock Company Inc
(270) 351-8045
562 N Dixie Blvd
Radcliff, KY

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

Liberty Tax Service/Louisville Tax Planning

502-966-8417
5005 Preston Highway
LouISVILLE, KY

Read more about Primer: Corporate Income Taxes

- 10 Ways to Pay Less in Tax Kentucky

Small business owners face unique tax issues. Here are some ideas to help you get the most from your business deductions, avoid problems that can affect small business owners, and plan for the future.

- The Power Of A Mastermind Group Kentucky
- How To Format A Resume Kentucky
- 10 Important Facts about Payroll Tax Problems Kentucky
- How To Buy Office Furniture On A Tight Budget Kentucky
- At Home Business Opportunities Kentucky
- Screening Church Staff And Volunteers Kentucky
- Criminal Background Check vs. Background Check Kentucky
- 10 Ways to Help Increase Your Cash Flow Kentucky
- "Assembly Work At Home" Scam Kentucky

Regional Articles

- The Power Of A Mastermind Group Kentucky

You've probably heard the old expression “the whole is greater than the sum of its parts.” This concept proves itself over and over with the exponential power of the Mastermind Group.

- 10 Ways to Help Increase Your Cash Flow Kentucky
- Criminal Background Check vs. Background Check Kentucky
- How To Format A Resume Kentucky
- How To Buy Office Furniture On A Tight Budget Kentucky
- At Home Business Opportunities Kentucky
- Screening Church Staff And Volunteers Kentucky
- "Assembly Work At Home" Scam Kentucky
- 10 Ways to Pay Less in Tax Kentucky
- 10 Important Facts about Payroll Tax Problems Kentucky

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

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