NEVADACORPORATIONS.BIZ

How much could you save by incorporating?  Corporations are entitled by law to many tax deductions that are not available to individuals.  Many of the tax benefits that accrue to a corporation can end up greatly benefiting corporate owners.  Corporations have a lower federal tax rate at all levels of income compared with individuals.  A corporation only pays 15% federal tax on the first 50 thousand dollars of profit, plus whatever additional tax applies in the state in which it is incorporated (NONE in Nevada). The law states that it’s the responsibility of each individual to structure their business affairs in such a manner as to minimize the amount of tax payable. While tax evasion is a serious crime, tax avoidance—saving thousands of dollars in taxes through structuring of your financial affairs within the laws—is the duty of the taxpayer.  There are many proven and effective tax-reduction strategies that can be easily employed through a corporation. Owing to the ability to maintain privacy of ownership, a Nevada corporation never has to endure IRS designations that result in tax surcharges, such as “controlled group”, “personal service corporation” and “personal holding company”.Pro-business Nevada, unlike most every state in this country, has taken a stand AGAINST taxation of the income of its citizens! A Nevada corporation is also not subject to any other hidden taxes.  Sales tax applies only to products sold within the state.  Imagine a state that believes that taxation should not come directly from the income of its citizens—individuals or businesses! This almost sounds like capitalism!  In Nevada, there is:

1. No franchise tax;
2. No corporate income tax;
3. No personal income tax;
4. No capital stock tax;
5. No stock transfer fee or tax;
6. No tax on corporation shares;
7. No succession tax.

Corporate federal tax payable is only 15% on the first $50,000 of net income. Because Nevada has no state tax, and because budget-conscious Nevada does not keep much information on their own residents or their corporations, it has steadfastly refused IRS requests for reciprocity.  Other states freely exchange all of the information they have on every resident and corporation but Nevada has no reciprocity arrangement with the IRS.

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