Tax Lawyers in Larimer County
The government of Larimer County, Colorado collects taxes from its residents in order to pay for basic public services, like police and fire departments, libraries, hospitals, and public transit.
Taxes in Larimer County, Colorado are derived from a wide variety of sources. Regardless of the source, however, the amount that's taken is never arbitrary, and is always determined by law. A tax can come either in the form of a flat fee, or as a percentage of one's income, the value of a piece of property, or a sale.
In case you were wondering, paying your taxes in Larimer County is mandatory. The law requires it. So, if you don't pay your taxes, with very few exceptions, you are guilty of a crime, and will be punished accordingly.
Sources of Tax Dollars in Larimer County, Colorado
Taxes can come from a wide variety of sources in Larimer County, Colorado, such as sales tax, administrative/licensing fees, and tolls.
Sales Tax: A sales tax in Larimer County is a surcharge added to the price of most goods that are sold by retailers to the general public. The government of also imposes a sales tax, which must be paid in addition to the local tax. Normally, local sales taxes are less than one percent, while state sales taxes are in the 5% range.
Licensing Fees: In Larimer County, licenses are required to engage in many different activities, or at least to do so legally. The most prevalent of these are business licenses. While some professions require licenses because the state has an interest in ensuring competence in them (in law and medicine, for instance), many business licenses exist for the primary purpose of gathering revenue, and therefore serve the same purpose as taxes.
Bridge/Road Tolls: Some larger cities have tolls set up on every major highway that enters the city. Effectively, this amounts to a fee that you have to pay in order to enter Larimer County, if it imposes such a toll. The idea is that visitors from outside the city enjoy many of the protections provided by the city government while they're there (such as protection by the police), and should pay at least a token sum to contribute to those services.
How Can a Larimer County, Colorado Tax Attorney Help?
In Larimer County, Colorado, tax law can get pretty complicated. Taxes are levied on a huge range of products and activities, and they are often calculated in confusing ways. Additionally, many groups and individuals are subject to special tax breaks and exemptions, which might or might not apply to you.
If you have any legal issues with your taxes, you should pursue legal advice from a skilled and reputable tax attorney in Larimer County, Colorado.