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Primer: Corporate Income Taxes Virginia

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

Rowan Associates
(703) 823-2757
Alexandria, VA
Mercer Human Resource Consulting
(804) 747-0275
4600 Cox Rd
Glen Allen, VA
Bradshaw & Associates
(540) 343-0400
2302 Yellow Mountain Rd S
Roanoke, VA
Radford University
(540) 831-6056
Radford, VA
Bozzuto Management Company
(703) 341-0691
100 S Van Dorn St
Arlington, VA
Woods Rogers & Hazlegrove Plc
(540) 983-7630
Roanoke, VA
Adjuvant Inc
(703) 266-2740
5875 Trinity Pkwy
Centreville, VA
Saunders Consulting
(703) 691-0898
Fairfax, VA
G4I Inc
(703) 955-4649
46169 Westlake Dr Ste 120
Sterling, VA
Winfield Consulting Llc
(703) 878-2345
2511 Hunter Pl
Woodbridge, 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.

Read more about Primer: Corporate Income Taxes

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You are not required to incorporate your business in the state where you're based; you can choose from any of the 50 states or the District of Columbia. However, in almost all cases, it is advisable for a closely-held small business to incorporate in its home state.
- S Corporation Facts Virginia
- Common Business tax mistakes Virginia
- Primer: Employment Taxes Virginia
- Avoid These Common Errors and Audit Triggers Virginia
- Nonprofit Corporations FAQs Virginia
- Business Income Taxes Virginia
- Primer: Personal Income Taxes (sole proprietorships, partnerships) Virginia
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Clarendon Business Opportunity Network
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Arlington, VA
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