Income Tax Rate
For information on the West Virginia income tax rate, visit: https://tax.wv.gov/Individuals/Pages/Individuals.aspx
In addition, United Agent Services can prepare you S-corporation election. An S-corporation is one that elects to be treated as a pass-through entity (such as a sole proprietorship or partnership) for tax purposes. S corporations are thus not subject to double taxation. S-corporation status is recognized in West Virginia.
Federal Tax Identification Numbers
Every corporation must obtain a federal tax identification number, which is similar to an individual’s social security number. United Agent Services can prepare your Federal Tax ID Application if you have not already done so.