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 Net Worth Tax for Corporations FAQ Department of Revenue 2019

Ga 600 Return 2019-2025 Form

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how could ownership in a C corporation result in double taxation well a C corporation when they file their end of the year results they're going to file Tax Form 1120 and they're going to pay their own corporate taxes so how can this double taxation happen now let's say the corporation declares a dividend it's paying a dividend to the shareholders of that Corporation the shareholders of that Corporation have to pay tax on that dividend and a dividend is just a payment of profits so those profits have already been taxed at the C corporation level and now the individual that's receiving the dividend is paying tax at the 10 40 level and Congress IRS know this and that's why you have special dividend rates qualified dividend rates are much lower than normal tax rates because C corporations have already paid taxes on the dividend or the profits of that C corporation hope that makes sense I didn't lose you have a good rest of the day ta

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