
Corporate Income Tax and Accumulated Earnings Tax
The U.S. tax system is very complex and confusing. However, it is considered as one of the best tax systems in the world. Many companies hire professionals to keep track of their taxes. Here is one of the companies that deals with tax preparation tucson az https://southwesttaxassociates.com/. This company will help you to clean up all your taxes. In this article we will talk about corporate income tax and accumulated earnings tax. Corporate Income Tax Taxpayers of federal income tax are legal entities - residents of the USA, which have the tax status of corporations, as well as foreign organizations operating in the U.S. or receiving income from sources in the U.S. A legal entity is resident in the United States if it is registered under the laws of one…