New Hampshire Tax Lawyers

Locate New Hampshire Tax Lawyers

In New Hampshire "taxes" are monies taken from individuals or corporations by the government, at a rate set by law.

The taxes that New Hampshire collects pay for essential 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 New Hampshire is required to pay their taxes. If you don't pay the taxes assessed against you, you are committing a severe criminal offense, punishable by jail time and large fines.

Sources of Tax Revenue in New Hampshire

Taxes in New Hampshire can be derived from a large number of different sources, and in different amounts. The most common 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 New Hampshire, the sales tax is calculated as a percentage of the sale price of most (but usually not all) items. Technically, the tax is assessed against the sellers of goods. However, 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 New Hampshire, the "income tax" is exactly what the name implies: a tax on the income of individuals and corporations. Everyone in the United States has to pay the federal income tax. So, even if the state you live in doesn't have a personal income tax, you are liable 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: Along with mortgage payments, property taxes in New Hampshire are one of the biggest expenses associated with home ownership. In order to collect property taxes, the state or local government appraises the value of every privately-owned piece of real estate in its jurisdiction. It then collects a certain percentage of that value in taxes. In order to avoid having to pay a huge tax bill at the end of each year, most people elect to pay their property taxes in monthly installments.

How Can A New Hampshire Tax Lawyer Help?

Everyone in New Hampshire who receives or owns anything of value, whether it's by selling goods, working for a salary, or investing, is going to have to pay at least some taxes.

Tax Law in New Hampshire can get extremely complicated. It is so complex that most tax attorneys in New Hampshire practice tax law exclusively, eschewing all other practice areas. So, this specialization means that most tax lawyers are experts in their fields. It should go without saying, then, that a New Hampshire tax lawyer can be invaluable if you have an issue with your taxes.

Interesting Facts About New Hampshire

New Hampshire was one of the 13 original American colonies. It became the 9th U.S. state in the year 1788. New Hampshire's state motto of "Live Free or Die" is one of the most popular known state mottos because it reflects the American spirit of liberty and independence.

New Hampshire is a "Dillon Rule" state, meaning that the state retains all powers not specifically granted to local municipalities. Even so, the New Hampshire legislature favors local control of most issues, especially regarding land use statutes. New Hampshire is also noted for the New Hampshire Primary, which was the first primary in the four-year U.S. presidential election cycle.

As one of the original American settlements, New Hampshire also contributed a great deal to the formation and passage of the U.S. Constitution. For example, the first independent constitution in the Americas was ratified in 1776 in New Hampshire. Many famous U.S. cases have been tried in New Hampshire, such as Hawkins v. McGee (1929), a leading case on contracts damages. More recently, Philbrick v. eNom (2009) was filed in New Hampshire, which addressed Internet domain name registration and cyber-squatting laws.

Lawyers in New Hampshire continue to add to the legacy of outstanding legal advancements in the United States. New Hampshire lawyers are often at the forefront of national developments in the field of law. Experienced attorneys in New Hampshire offer services in many different areas of law.