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Yes, if the state they operate in taxes corporate income. This depends on where they're incorporated or headquartered as well. Some state don't have a personal income tax, but do tax corporations (i.e. WA).
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∙ 11y ago
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What level of government may income taxes be assessed?
Income taxes may be assessed at both the federal level and the state level. The federal government has the authority to levy income taxes on individuals and corporations across the country, while state governments have the power to impose their own income taxes within their respective jurisdictions.
Are state income payments deductible on federal taxes for corporations?
Yes, (and individuals). For Corps it is the amount paid (not accrued).
Is a corporation that does not pay any federal income taxes?
S corporations
What is a corporation that does not pay any federal income taxes?
S corporations
What do large US cororations pay in Federal income taxes?
what do large US corporations pay in Federal income tax
What percentage of federal income taxes was paid by Corporations in 1950 and what do they pay today?
30%
Does Texas have state income taxes?
No Texas does not have a state income tax.
When filing for the state income taxes do you receive your federal income tax refund as well as your state income tax refund?
No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.
Do you send a copy of your Calif state taxes with federal taxes?
No you do not send a copy of the state income tax return with the federal income tax return.
Can you deduct the interest paid on state taxes on your federal income taxes?
yes
Which payroll taxes are paid by the employer only?
Federal & State Income taxes
Do you have to claim a state tax refund on your federal taxes as income?
Yes. State refund must be claimed as income on your federal return.
