Federal level of taxation in the USA
The federal level of taxation is considered the first in the United States and is mandatory for all companies. It is important to note that when registering a company in the USA, it does NOT automatically become tax registered upon its incorporation.
A new company must independently carry out tax registration by sending a corresponding application to the regional tax office (we will analyze this issue in some detail when we talk about registering a company). This must be done BEFORE the company starts operating.
And here, pay attention to one interesting nuance: if an American company had no operations in the reporting year, it can file empty reports. An exception is an LLC with one owner, such companies may not submit a report.
Hello, in parallel with the federal tax system, each state has its own, and each state (as an object of the federation) has a fairly wide range of tax powers. In US practice, state and local governments (counties, municipalities, and even cities) can exercise their right to set their own income taxes, corporate income taxes, sales taxes, and use taxes. The level of rates of such taxes is much lower than for the corresponding taxes at the federal level. However, at sunsettheirs.org you can consult with experts and learn about all the nuances.