| A corporate tax attorney provides services to | | | | corporate tax attorney can help eliminate this. |
| the corporations on behalf of tax resolution issues. | | | | This lawyer can also help to prevent you from |
| Corporate tax or as it is sometimes called | | | | having to pay certain taxes by helping you with |
| corporation tax is a tax placed on the profits | | | | business structure among other aspects of |
| made by companies or associations. It is a tax | | | | business development such as divestment's, |
| that is calculated based on the value of the | | | | acquisitions and mergers. For example if a |
| corporation's profits. This tax is made compulsory | | | | business is owned by shareholders, there are no |
| by the federal government as well as some state | | | | income assessments. It is the sole responsibility of |
| governments. The federal corporate tax is more | | | | the shareholder to pay taxes on their dividends. |
| noteworthy that he state corporation tax. Most | | | | Companies who are owned by single individuals on |
| companies usually hire a corporate tax attorney | | | | the other hand are subject to income |
| before an Internal Revenue Service's (IRS) audit. | | | | assessments and pay taxes based on these |
| Owners of small companies usually believe they | | | | assessments. C Corporations are assessed on a |
| can manage with just an auditor but this is not | | | | sliding scale and pay a percentage based on the |
| wise. It is wise for any size corporation to employ | | | | profit bracket that they fall into. For companies |
| a corporate tax attorney. | | | | owned by two or more individuals called Limited |
| A Corporate tax attorney cannot only be used at | | | | Liability Corporations (LLC's), will incur a liability |
| tax time. If you already have a liaison with a | | | | based on their ownership in the company. |
| corporate tax attorney and you plan on | | | | Employing a corporate tax attorney is a good |
| expanding or merging your business they can help | | | | way to ensure the growth and continued success |
| you with these dealings. Taxing laws are so | | | | of your business. They will take care of the legal |
| complex and as such a corporation no matter | | | | aspects required when preparing your taxes and |
| what their size will need the services of an | | | | will be there to bail you if needs be. They can also |
| attorney. A competent tax attorney can ensure | | | | offer services outside of helping with tax |
| that your business will always be up to date with | | | | problems. They can be employed full time to deal |
| the latest federal and state tax regulations. Some | | | | with all the legal matters of the business or just |
| of the taxes that corporations have to file on are; | | | | prior to tax time right before your IRS audit. |
| payroll taxes on employee earnings, franchise | | | | They can give you advice that will benefit you |
| statements to the state, excise fees on gas and | | | | and how much taxes you pay by advising you |
| federal and sometimes state tax on their income. | | | | about ways to improve and reorganize your |
| With all these different things to be done it is | | | | business. |
| easy to get behind on payments. Having a | | | | |