Corporate Tax Law
Corporations are businesses with separate legal identities of their own. As such, corporations must pay taxes on their profits much like individuals must pay income taxes. Corporate tax regulations can provide incentives to corporations, often through tax deductions, to promote desired behaviors. On the other hand, the corporate tax code also imposes significant tax liabilities. For instance, a corporation is obligated to pay taxes on profits and must withhold the proper amounts of money from employee paychecks, match Social Security contributions made by employees, and make quarterly payments to the Internal Revenue Service (IRS). To learn more about corporate tax requirements, assessments, and collections; as well as liens, audits, and when to hire a tax attorney, follow the links on this page.