Income Tax Lawyers in Foster City, California

Income Tax Attorneys in Foster City, CA

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In Foster City, California, an income tax is imposed on a certain percentage of the income of all individuals and businesses. Typically, income from all sources can be taxed. The federal government has had explicit constitutional power to impose an income tax since 1916, with the passage of the 16th Amendment. This came after the Supreme Court had repeatedly found a federal income tax to be unconstitutional. States, including California, have always been free to impose whatever type of income tax they liked.

While the federal government levies an income tax against every person and corporation in the U.S., the income taxes imposed by the states vary widely. Some states have relatively high income taxes, and a few have none at all. You should consult with a Foster City, California tax attorney if you don't know what type of tax system your state has.

You might have heard rumors claiming that you don't actually have to pay your federal income tax. These rumors are false. "Tax protesters" rely on bizarre and discredited legal arguments in their claims that the federal income tax is somehow illegal. None of these arguments have ever been successful in U.S. Courts, and deliberately failing to pay your income tax in Foster City, California is a good way to end up in federal prison.

Income Tax Deductions in Foster City, California

A tax deduction is an expense which, in whole or in part, is subtracted from a person's taxable income. For example, if you make $50,000 in a year, and the tax rate is 10%, a deduction of $1,000 results in only $49,000 being taxed. This means that you will pay $4,900 instead of $5,000.

This should not be confused with a tax credit, which is a reduction of a person's tax bill. A tax credit almost always results in a lower tax burden than a tax deduction of the same amount.

Many common expenses in Foster City can be deducted from your taxable income. They include mortgage interest, charitable donations (if property documented, of course), the cost of tax advice, union dues, and many others.

If your state has an income tax, some of these expenses might be deductible from your state taxes, as well, but that depends on the law of California.

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How Can A Foster City, California Tax Attorney Help?

Income tax laws in Foster City, California can get fairly complex. You should speak with an accountant or tax lawyer if you have any questions about your income tax liability.

13 Tax Law cases posted to LegalMatch lawyers in Foster City

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Life in Foster City

Foster City, California is a master-planned city situated in San Mateo County.  It has a population of about 31,000 and is sometimes held to be part of Silicon Valley due to its local industry.  Foster City is considered an affluent community and has been featured several times in Forbes Magazine as well as Money Magazine.

As a master-planned city, Foster City offers many advantages and amenities, such as an efficient distribution of stores, restaurants, and resources.  Master planning helps developers avoid "haphazard" construction and city layout.  This has contributed to much of Foster's City's clean and pristine appearance.  Foster City is also home to a number of attractions, including a boardwalk, a 9-hole golf course, an extensive $4 million Teen Activities Center, and a public amphitheater.  Windsurfing is extremely popular within city limits.

Foster City, California is also known for being an important center for many high-tech companies as well as financial organizations.  The city is headquarters to many nationally recognized businesses such as Adchemy, Gilead Sciences, Life Technologies, Live365, Philips, Sony Computer Entertainment America, and many others.  One can access several points in the Bay Area from Foster City due to its location near the San Mateo Bridge.

Lawyers in Foster City, California often represent their clients at the Superior Court of California, County of San Mateo.  The court house has integrated much new technology including an electronic document camera.  Foster City attorneys are available for assistance in many different fields of law.

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