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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.

 

Northern Nevada companies approved for $1.3M in tax abatements

Three companies expanding in or locating to Northern Nevada received approval for tax abatements from the Governor's Office of Economic Development Wednesday. A total of $1.3 million in abatements wer...

Published:  Wed, 11 Jul 2018 16:50:00 GMT



Nevada Sees Rise in Tax Revenue from Sales, Marijuana

Nevada's tax income is on a hot streak, with increases in tax revenue from traditional sources, like sales tax, as well as from less traditional ones, like marijuana. Nevada Department of Taxation Dir...

Published:  Fri, 13 Jul 2018 18:22:00 GMT



Nevada TV ad cherry-picks tax cut benefits to top 1%

A new ad on the air in Nevada against the Republican tax law features a cheerful grandmother doling out brightly wrapped candy to her grandchildren. To the girl, she gives heaping handfuls. To the boy ...

Published:  Tue, 10 Jul 2018 06:14:00 GMT



Cannabis tax measure before the Nevada County BOS on Tuesday for the November ballot

NEVADA CITY, Calif. July 5, 2018 - On Tuesday, July 10 at 10:30 am, the Nevada County Board of Supervisors will vote on a proposed ordinance/ballot measure to establish a cannabis business tax on all ...

Published:  Thu, 05 Jul 2018 12:35:00 GMT



Cannabis business tax to be on the November ballot for Nevada County voters

Print 7 days a week + e-Edition + Online. Rates are for Carrier Delivery only. Please contact our circulation department for Mail rates at (877) 741-1313. Current print subscribers! Active your total ...

Published:  Thu, 12 Jul 2018 03:56:00 GMT



The Latest: Trump promotes tax cuts, reduced regulations

LAS VEGAS (AP) - The Latest on President Donald Trump's visit to Nevada (all times local): 2:30 p.m. President Donald Trump is promoting his administration's business policies, particularly tax cuts, ...

Published:  Sat, 23 Jun 2018 17:02:00 GMT



Time to raise Nevada's gaming tax to fund state needs

Year after year it is always the same. Not enough money for teachers, police or firefighters and on it goes. Yet we can find $750 million for a football team, money for a baseball stadium and $100 mil...

Published:  Fri, 13 Jul 2018 21:05:00 GMT



Nevada marijuana tax revenue blows past 12-month projections

Tax revenue from marijuana sales in Nevada surpassed official projections for the first year of recreational sales in just 10 months, according to new figures released Thursday by the Nevada Departmen...

Published:  Thu, 28 Jun 2018 18:37:00 GMT



Nevada Marijuana Tax Revenues Already Reach 110% of Projections

Legal sales of recreational marijuana in Nevada kicked off on July 1 last year with a projected fiscal year (July through June) tax revenue estimate of $50.32 million. As of the end of April, two mont...

Published:  Fri, 29 Jun 2018 12:45:00 GMT



Internet sales will soon be charged Nevada sales tax

RENO (Nev) KOLO Suzanne Preaseau has owned the Cooking Gallery here in Reno since October of 2016. She has owned a similar store in Truckee since 1973. A lot has changed she says between the opening o...

Published:  Fri, 29 Jun 2018 17:04:00 GMT



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