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Tax Relief in Nevada

Nevada MapNevada stands out as being one of only seven states (Wyoming, Washington, Texas, South Dakota, Florida, and Alaska being the other six) that do not collect an individual income tax from state residents. However, the state does collect an average of $1,100 per resident, per year, in property taxes, ranking Nevada 21st lowest in the nation.

Nevada residents pay an average of $10,402 in federal income taxes per person each year, lower than the national average of $11,715.

However, Nevadans have seen the largest decrease in America in recent years with respect to household income, dropping more than 26% to a median household income of $45,369. This steep drop in income, along with other monetary difficulties, has resulted in larger numbers of Nevada residents choosing tax relief as a means to alleviate mounting financial challenges.

As Nevadans see their incomes decrease and their tax debt stay the same or even increase, they feel the pressure associated with owing money to federal and state tax collection agencies, which can often come in the form of threats to garnish wages or seize assets. While residents are often willing to pay their tax bills, they look at their diminishing income and rising expenses - rent, utilities, gasoline, groceries, and so on - and are unsure as to how they can meet their tax obligations while still having enough money to survive. With barely enough to live on, few people are likely to prioritize setting aside savings for a future tax bill. However, property and federal tax bills do not take into consideration personal hardships or other circumstances as they arrive in residents? mailboxes.

Tax relief companies work with clients to alleviate this stress and to even reduce overall tax liability. Experts in tax relief use a wide range of strategies in their clients? behalf, such as audit representation and reconsideration, negotiation of penalty abatement, and tax lien investigation.

 

Michele Fiore has history of unreported tax, business problems

Las Vegas City Councilwoman Michele Fiore failed to report at least $91,000 in tax liens the IRS filed against her and rental income from a house in Colorado on her Nevada Financial Disclosure ...

Published:  Tue, 19 Mar 2019 06:03:00 GMT



Who's most at risk for robocall phone scams during tax season

All consumers should be on alert for phony phone calls during tax season, but Texans may have less to worry about than residents of some other states, according to a new study by AllAreaCodes.com. ...

Published:  Wed, 20 Mar 2019 05:09:00 GMT



The Power Of Purpose: How Nitasha Mehta And Boxed Are Fighting The 'Pink Tax'

and Boxed has testified in three states that have introduced bills to repeal Tampon Tax (Colorado, Nevada and Ohio). Nevada became the 10th state to repeal Tampon Tax during last year's midterms." I ...

Published:  Tue, 19 Mar 2019 09:50:00 GMT



Auditors: Nevada appears to be shorted on pot tax revenue

LAS VEGAS (AP) - Nevada legislative auditors report that poor bookkeeping processes a lack of oversight of the legal marijuana industry suggest the state is losing potential tax revenue. The Las Vegas ...

Published:  Sat, 16 Mar 2019 14:53:00 GMT



Las Vegas Real Estate Broker Convicted of Tax Fraud

Trutanich for the District of Nevada. William Waller Jr. was convicted of one count of attempting to evade the payment of federal income taxes of more than $500,000 for the years 2004-2009 and two ...

Published:  Tue, 19 Mar 2019 05:38:00 GMT



Nevada missed $500K in tax revenue from marijuana industry, audit shows

Poor record-keeping processes and a lack of state oversight of the legal marijuana industry cost the state at least $500,000 in missed tax revenue, according to an audit released this month. The audit ...

Published:  Fri, 15 Mar 2019 18:33:00 GMT



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