Financial News, Tips & More!
What Are the Tax Benefits of Purchasing Property in Nevada?
Nevada has many tax benefits, most notably the lack of state income tax. If you own property, though, you may be able to get some relief from capital gains taxes on the sale of your main home as well as taking advantage of some of the country's lowest property taxes. If you're...
If You Win a Car What Are the Taxes?
Winning a car will be taxed at fair market value, usually around 30%. So if you win a $45,000 car, you'll likely owe approximately $15,000 in taxes. Those taxes don’t include maintenance, insurance, or the initial costs of getting the car set up with the DMV, like tags and...
How to Get a Nevada Tax ID Number
The easiest way to get a Nevada tax ID number is to apply on the Nevada Tax Center website. You'll be required to fill out an application, but the process is straightforward. Starting a new business can be a bit scary if you've never done it before. But Nevada wants more...
How Much Are State Taxes in Las Vegas?
Sales tax in Las Vegas, Nevada, is 8.375% for 2022. There are no state income or estate taxes. Property taxes are among the lowest in the country, sometimes as low as .5%, while taxes on alcohol and cigarettes are a relatively high rate compared to other states. Taxes are...
How Much is Sales Tax in Orange County?
The current sales tax in Orange County, California, is 7.75%. Taxes break down to federal, state, and local levels. So the total you'll pay can vary from city to city within the county. However, there shouldn't be any large swings in this rate. How is all of this figured out?...
What Happens If You Forgot a W2 on Your Taxes?
The IRS may reject your return if you forget a W2 on your taxes. In the event this happens, you can add the forgotten document and refile it. In some cases, the IRS may accept the initial filing. They're a busy and understaffed agency. Unfortunately, they don't have the...
How Much Are Property Taxes in Orange County California?
The average effective property tax rate in Orange County is 1.04%. A homeowner with a house worth $500,000 would pay $5,200 in property taxes each year. Property taxes in Orange County, California, are some of the most expensive in the country. It's one of the wealthiest...
How to Immediately Stop Wage Garnishment
To stop a wage garnishment immediately you should contact a lawyer who can determine if you will have to file for bankruptcy or create an objection with the court. You may also be able to make a settlement to respond to your debts. The options available vary according to your...
Why Don’t Schools Teach Taxes?
The general consensus of why schools don't teach students about taxes is because there are too many variables when reporting income. People file taxes differently and it is considered impractical to teach students about this topic. There is a controversy around the issue of...
The Future of Cryptocurrency Taxes
There has been much discussion about how to reform the United States tax system to better serve the American people and it is time we move toward innovative solutions. I propose a blockchain-based digital asset to bring a broken US tax administration system into the 21st...