Alabama corporation tax income tax 
Dent Moses
JUNE 4, 2025
Unlike S corporations or LLCs, a C corp pays corporate income tax on its profits. If dividends are paid, shareholders are typically taxed on them at qualified dividend rates, creating the possibility of double taxation. They are maintained within the corporation and carried forward.
Accounting Today
JULY 24, 2025
Sole owner of Zion Outfitter, an outdoor retailer in Springdale, Utah, he handled the company finances and provided CPAs with information and records to prepare tax forms to submit to the IRS. He underreported his taxable personal income, which resulted in his evading at least $1.9 million in income tax.
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CPA Practice
NOVEMBER 13, 2024
Trump also proposed several new key tax initiatives, such as removing the current $10,000 limit on the state and local tax (SALT) deduction , eliminating taxes on Social Security and tip income, and further reducing the corporate tax rate. Here’s what a Trump presidency could mean for your taxes.
Accounting Today
JULY 10, 2025
Brown and other ghost preparers who worked with him falsified 63 federal income tax returns for clients, causing the Treasury to issue $1,003,631 in false tax refunds. He owned and operated We Are Taxes and boasted that "Everyone Gets a Check!" All rights reserved. Brown had clients pay him a 10% fee of each refund.
Accounting Today
JULY 21, 2025
Mobile, Alabama: Brandy Davis, 42, has been sentenced to five years of probation in connection with tax fraud. She operated Davis Tax Service with her cousin, Kenneshia Davis, at three locations in Mobile. income tax return. income tax returns and falsely reported that the $150,000 payment was for legal fees.
TaxConnex
AUGUST 15, 2023
The five states with the highest average combined state and local sales tax rates are Tennessee (9.548%), Louisiana (9.547%), Arkansas (9.44%), Washington (9.4%) and Alabama (9.24%). California has the highest statewide sales tax rate, at 7.25%. The lowest non-zero state-level sales tax is in Colorado, which has a rate of 2.9%.
Withum
OCTOBER 3, 2024
The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. This includes the entire states of Alabama, Georgia, North Carolina, and South Carolina, 41 counties in Florida, eight counties in Tennessee, and six counties and one city in Virginia.
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