by Tax Crisis Institute Staff | Nov 9, 2022 | Nevada State Tax, Tax News
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...
by Tax Crisis Institute Staff | Nov 8, 2022 | IRS Tax News, Tax News
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,...
by Tax Crisis Institute Staff | Oct 7, 2022 | Nevada State Tax, Tax News
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...
by Tax Crisis Institute Staff | Oct 5, 2022 | Tax News
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...
by Tax Crisis Institute Staff | Sep 1, 2022 | Orange County Tax, Tax News
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...
by Tax Crisis Institute Staff | Aug 10, 2022 | IRS Tax Help, Tax News
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...