Income Tax Lawyers in Reno, Nevada

Find the right Income Tax attorney in Reno, NV

In Reno, Nevada, the income tax is a tax imposed on money received (income) during a certain set time period. Under federal law, and the laws of most states, income from any source can be taxed. The federal government has had the constitutional power to impose an income tax since 1916, since the passage of the 16th Amendment. Before then, states could, and still can, impose whatever income tax they like, including in Nevada.

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 Reno, Nevada tax Attorney if you don't know what type of tax system your state has.

Income Tax Deductions in Reno, Nevada

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 ,000 in a year, and the tax rate is 10%, a deduction of ,000 results in only ,000 being taxed. This means that you will pay ,900 instead of ,000.

There is also something called a tax credit, which is treated as a partial payment of the income tax. A tax credit almost always results in a lower tax bill than a deduction of the same amount.

Many common expenses in Reno can be deducted, in whole or in part, from your taxable income. Federal tax deductions include charitable donations, union dues, interest paid on a mortgage, and state and local taxes.

How Can A Reno, Nevada Tax Attorney Help?

Income tax laws can get pretty complex. If you are in Reno, Nevada and have any questions about your taxes, you should consult with an accountant or local tax Attorney to avoid tax problems, such as audit or wage garnishment.

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Life in Reno

Reno says it's "the biggest little city in the world." Situated in a high desert valley at the foot of the Sierra Nevada, Reno is the seat of Washoe County and home to 220,500 "Reno-ites." It's the fourth most populous city in the State of Nevada behind Las Vegas, Henderson, and North Las Vegas. Like it's compatriots, Reno is best known as a gambling and entertainment destination. Many residents of the Sacramento Valley, San Francisco Bay Area, Los Angeles, San Diego and Phoenix vacation in Reno. Most tourists visit during the annual festivals like the Hot August Nights classic car festival, the world renown Nugget Rib Cook-off, Reno Air Races and the Great Reno Balloon Race. There are a number of themed resorts like Circus Circus but nearly every hotel and resort has great shows. Reno is home and birthplace of Harrah's Entertainment.

The area of Reno and nearby Sparks is known as "Truckee Meadows." The city covers 69.3 square miles which also includes the Reno Events Center that hosts many concerts. There is a large population of students in Reno because University of Nevada, Reno is there. UNR is the oldest university in the State of Nevada and has a medical program that attracts national attention. Truckee Meadows Community College enrolls about 13,000 students. Nevada School of Law at Old College in Reno was the first law school in Nevada. There are a lot of courts in Reno so you shouldn't be surprised there are a lot of lawyers too. Reno lawyers can practice law throughout Nevada and know how to handle your legal issues.