Attorney Search Network - Orange County Lawyer
works alongside several Orange County tax attorneys and law
firms who have experience and expertise in dealing with all
tax issues (Income tax, estate
tax, child tax credit, tax fraud and
more)and are committed to providing the highest quality of
competent legal representation. If you are looking for qualified
Orange County Attorneys, contact us today at (800)
475-6068 or fill out our “Find
an Orange County Lawyer” form. A qualified Orange
County tax lawyer can help resolve your legal problems.
Tax law involves the taxation of income and
property acquired through personal and professional efforts.
Taxes are basically a governmental charge upon property value,
business transactions, licenses granting a right or income.
These include federal and state income taxes, county and city
taxes on real property, state and/or local sales tax based
on a percentage of each retail transaction, duties on imports
from foreign countries, business licenses, federal tax on
the estates of persons who have died, taxes on large gifts
and a state "use" tax in lieu of sales tax imposed
on certain goods bought outside of the state.
The following are explanations of select subjects included
in Orange County tax law:
Income Tax
(Covered in Tax Law)
Income Tax is a tax on an individual's net income, after deductions
for various expenses and payments such as charitable gifts,
calculated on a formula which takes into consideration whether
it is paid jointly by a married couple, the number of dependents
of the taxpayers, special breaks for ages over 65, disabilities
and other factors. Federal income taxes have been collected
since 1913 when they were authorized by the 16th Amendment
to the Constitution.
Estate Tax
(Covered in Tax Law)
Estate tax is generally a federal tax on the transfer of a
deceased person's assets to his heirs and beneficiaries. Although
a transfer tax, it is based on the amount in the decedent's
estate (including distribution from a trust at the death)
and can include insurance proceeds. Currently such federal
taxation applies to the amount of an estate above $600,000,
or as much as double that amount if the estate is distributed
to a spouse. Some states have an estate tax, more commonly
called an inheritance tax.
Child Tax Credit
(Covered in Tax Law)
The Child Tax Credit is a federal tax credit worth up to $600
per child in tax year 2002 and $1,000 in 2003. Families must
have dependent children under age 17 to get it. The Child
Tax Credit comes as a refund from the IRS. The Child Tax Credit
is eligible to families even if they owe no income tax.
All of our Orange County tax attorneys and
law firms are members in good standing of the California Bar
Association and have been subject to our pre-screening process
so that we may provide you with the best help possible. To
get referred to qualified Orange County tax lawyers
CALL US at (800) 475-6068
or fill out our
FIND
AN ORANGE COUNTY LAWYER FORM
