Indiana Tax Lawyers

Locate Indiana Tax Lawyers

In Indiana "taxes" are monies taken from persons or corporations by the government, at a rate set by law.

The taxes that Indiana collects pay for basic public services like roads, firefighters, police, courts, schools, and many other benefits that come with living in a modern society.

Everyone who legally resides in Indiana is obligated to pay their taxes. If you don't pay the taxes assessed against you, you are committing an egregious criminal offense, punishable by jail time and large fines.

Sources of Tax Revenue in Indiana

Taxes in Indiana can be derived from a large number of different sources, and in different amounts. The most frequent sources of tax revenue nationwide are Sales Tax, Income Tax, and Property Tax.

Sales Tax: Most states collect a tax on the sales of goods. In Indiana, the sales tax is calculated as a percentage of the sale price of most (but normally not all) items. Technically, the tax is assessed against the sellers of goods. But, the vast majority of vendors pass this tax onto their customers, adding it to the marked price of a product at the point of sale.

Income Tax: In Indiana, the "income tax" is exactly what the name implies: a tax on the income of individuals and corporations. Everybody in the United States has to pay the federal income tax. Therefore, even if the state you live in doesn't have a personal income tax, you are accountable for the federal tax. However, the majority of states have their own income tax, though it's usually much lower than the federal tax. Depending on how much money you make per year, your income will be taxed at a rate ranging from 10% to 33%.

Property Tax: In Indiana, a property tax only applies to people who own real estate (land or houses). Normally, the state appraised (estimates the value of) every piece of real estate under its jurisdiction. It then imposes on owners an annual tax calculated as a percentage of the property's appraised value. Property tax can be paid in many ways, but many people have arrangements permitting them to pay their property taxes in manageable monthly installments, right alongside their mortgage payments. Sometimes, the mortgage and tax can be bundled into a single payment.

How Can A Indiana Tax Lawyer Help?

Everybody in Indiana who engages in any form of economic activity, whether it's working at a grocery store, or owning one, is going to have to pay taxes.

In Indiana, tax law is very difficult. Most tax attorneys actually don't practice any other area of law in Indiana, which should give you some idea of how involved tax cases can become. If you have a tax question, or are facing an audit on your state or federal taxes, you should not delay to retain an Indiana tax attorney to help.

Interesting Facts About Indiana

Indiana is situated in the Midwestern region of the U.S., near the Great Lakes. Indiana is noted for its highly developed sports teams, with representation in the NFL, NBA, and automobile racing. Its economy is largely supported by manufacturing, with the Calumet district being the largest steel producing region in the U.S.

Indiana's capital is the city of Indianapolis, which is the second largest state capital in the nation. The capitol building, Indiana Statehouse, is located there. The statehouse is home to the Indiana Supreme Court, the governor's office, and the state's legislature, the Indiana General Assembly. In the early days of Indiana's statehood, the General Assembly passed a series of laws encouraging industrial growth and protecting the rights of workers. These laws helped to secure Indiana's place as one of the nation's top industrial producers.

Indiana was one of the first states to adopt the "exclusionary rule", which prevents illegally obtained evidence from being used in court. The rule was first established in Callendar v. State, a 1917 case. In addition to the Supreme Court of Indiana, there are many other levels of courts, including the Superior Courts, Circuit Courts, and City and Town Courts.

Attorneys in Indiana work together with the judiciary to provide legal relief for citizens of the state. Lawyers in Indiana typically file cases at the Superior Court or Circuit Court level, depending on the type of claim involved. Indiana lawyers are frequently involved in protecting the rights and interests of Indiana residents.