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      July 19, 2018

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Tax Relief in Wyoming

Wyoming MapThe residents of the state of Wyoming are more fortunate than people living in many other states. This is because Wyoming does not impose a personal income tax on residents. A personal income tax is typically based on an individualís wages or salaries. The term is sometimes broadened to include earning from stocks, notes, and bonds. However, the state government has a high property tax. The rate is 11.5 percent for industrial property and 9.5 percent for residential, commercial, and other types of property.

The results of the BLS current population survey (CPS) indicate that the unemployment rate for Wyoming fell in 2014; however, the decrease was 1.4 percent lower than the national rate. The residents of the state of Wyoming are also facing lower median family income than in 2008. This means that the average household income is lower than several years ago. When the cost of gasoline, utilities and food are going up and oneís income does not correspond, it can be hard to make ends meet.

Like many states across the U.S., plenty of people living in Wyoming have tax delinquencies. Failure in paying the amount owed to the IRS can lead to seizure of assets, which are then sold to pay off the debt. Retaining the services of a tax relief firm may prevent this from happening. Tax relief companies that work with the residents of Wyoming are qualified to provide several appropriate steps to improve their tax situation and get them out of the red with the IRS.

 

Wyoming Man Pleads Guilty to Not Paying Income Tax

CHEYENNE, Wyo. (AP) - A Wyoming man has pleaded guilty to two counts of willfully failing to file his income tax returns and one count of making a fraudulent application for health care benefits. The ...

Published:  Wed, 18 Jul 2018 15:28:00 GMT



Creator of "Fitwall" exercise system pleads guilty to fraud, tax evasion

"These cases can take substantial time and effort to investigate and prosecute, but serve as a reminder that no person is above the law, and we will hold those accountable who use improper means to av...

Published:  Thu, 19 Jul 2018 05:08:00 GMT



Where's the Beef With Blockchain Wyoming

Wyoming should appeal to any cryptocurrency startup, says Peter Hatzipetros, a New York-based lawyer, because of its cheap rents and cheap power. It is also one of a handful of states with zero indivi...

Published:  Thu, 19 Jul 2018 08:00:00 GMT



Energy boosts Wyoming's tax income at start of year

CASPER, Wyo.| The sales of products that can be taxed in Wyoming accelerated to $3.9 billion for the first few months of 2018, thanks largely to a buoyed energy sector. The total income from sales and ...

Published:  Thu, 05 Jul 2018 18:47:00 GMT



DeGroot: Food for thought on state tax reform

I'd like to weigh in on the hot topic of state tax reform. As a retired management consultant who has worked with dozens of state and federal programs in Wyoming over three decades, my thoughts might ...

Published:  Sat, 07 Jul 2018 16:38:00 GMT



Groups sue in pursuit of Wyoming state vendor data

"This lawsuit begins the process of enforcing basic transparency law in Wyoming. It's time for citizens, journalists, watchdogs, politicians and their challengers to see exactly how state tax dollars ...

Published:  Wed, 18 Jul 2018 15:40:00 GMT



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