Arizona Tax Lawyers
In Arizona "taxes" are monies taken from persons or corporations by the government, at a rate set by law.
The taxes that Arizona collects pay for necessary 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 Arizona is obliged to pay their taxes. If you don't pay the taxes assessed against you, you are committing a egregious criminal offense, punishable by jail time and large fines.
Find Tax Lawyers and Law Firms in the Largest AZ Cities
Sources of Tax Revenue in Arizona
Taxes in Arizona can be derived from a large number of different sources, and in different amounts. The most typical 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 Arizona, the sales tax is calculated as a percentage of the sale price of most (but typically 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: Everybody in the U.S., including residents of Arizona, is obliged to pay a federal income tax, assuming they bring in any income. Most states also have a personal income tax, though some states do not. The majority of Americans derive almost all of their income from employment wages. Normally, their federal and (if applicable) state income taxes are deducted from their paychecks. This is beneficial, in that your taxes are paid as you go, and you usually don't have a large tax bill at the end of the year. Depending on one's income, the federal income tax rate can be as low as 10%, or as high as 33%.
Property Tax: In Arizona, a tax is enforced on every piece of privately-owned land, including residential lots. The state simply appraises every piece of property in its territory, then taxes the owner a percentage of the property's value. Normally, the assessed (taxable) value of the property is considerably less than its market value. To avoid paying a large property tax bill at the end of each year, most homeowners pay it in monthly installments, frequently as part of their mortgage payment.
How Can A Arizona Tax Lawyer Help?
If you engage in any economic or commercial activity in Arizona, such as working, selling products, owning property, or something else, it's a near certainty that you are going to have some tax liability.
Tax law issues in Arizona are never simple. In fact, most tax attorneys ONLY practice tax law in Arizona, because tax law is so confusing that an attorney pretty much has to specialize in it. This has the benefit of creating a situation where every competent tax attorney is practically an expert in tax law, because they have to be. If you have a problem with your taxes, whether state or federal, it is always a good idea to get some advice from a good Arizona tax lawyer.
Arizona is a state located in the southwestern United States. Known for its distinct southwestern culture and arid climate, Arizona's economy is largely influenced by the vacation and tourism industries. Arizona is the 48th state and the last of the "contiguous" (mainland) U.S. states to achieve statehood.
Arizona's capital city is Phoenix. The Capitol Building is famous for its distinctive architecture, which features a copper dome. The dome is said to represent the state's nickname, "The Copper State". The Capitol Building is mostly used for historical exhibits in the museum located within. The Arizona State Legislature meets in buildings adjacent to the original Capitol building. Arizona is known for its collection of unique laws, particularly in the areas of open carry gun laws, immigration policies, same-sex marriage, and motorcycle laws.
The judicial system of Arizona is formed by several different levels and branches of courts. These include the Arizona Supreme Court, the Court of Appeals, Superior Courts, and Justice of the Peace Courts. There are also over 80 Municipal Courts in Arizona. Unlike in other states, municipal judges and justices of the peace are not required to be lawyers.
Lawyers in Arizona practice law according to the highest professional and ethical standards, which are set both nationally and locally by state authorities. Arizona lawyers are often at the forefront of the nation's legal trends and policies. An experienced attorney in Arizona can assist you with legal inquiries or disputes in court.