by Tax Crisis Institute Staff | Nov 27, 2021 | Tax News
If you live in California, you may be wondering what home improvements increase property taxes there. The short answer is that property taxes can increase when homes are sold or new construction takes place. Home improvements are considered new construction when they... 
by Tax Crisis Institute Staff | Oct 11, 2021 | State Tax Help, Tax News
Businesses operating in Nevada which exceed the $4 million revenue threshold are required to file the Commerce Tax return, a privilege tax similar to franchise tax. Nevada is one of nine states in the United States that does not have state income tax. Instead, they... 
by Tax Crisis Institute Staff | Oct 10, 2021 | California Franchise Tax, Tax News
Property taxes in California are calculated by the state-approved 1-percent rate, Mello-Roos taxes, parcel taxes, and any additional local government taxes and levies. Property taxes in California have become an enigma to taxpayers. Everyone in California has heard of... 
by Tax Crisis Institute Staff | Sep 13, 2021 | IRS Tax Help, Tax News
Deferred income tax is a liability owed by a company or individual which must be paid at a later time. A prime example of this is 401(k) retirement where an individual may contribute part of their earnings pre-tax directly to their retirement with the understanding... 
by Tax Crisis Institute Staff | Aug 15, 2021 | Tax News
A rollback tax is collected when properties change from agricultural to commercial or residential use. They are based on the difference between the tax paid and the tax that would have been paid if an agricultural use exemption had not been granted. In the United... 
by Tax Crisis Institute Staff | Jun 22, 2021 | IRS Help, IRS Tax Help, Tax News
Individuals usually have to file their federal income tax returns by April 15, but that date was moved forward to May 17 in 2021 to give Americans more time to prepare their financial information while coping with restrictions imposed to curb the pandemic. Although...
