Iowa Tax Lawyers

Locate Iowa Tax Lawyers

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

The taxes that Iowa 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 Iowa is required to pay their taxes. If you don't pay the taxes assessed against you, you are committing a serious criminal offense, punishable by jail time and large fines.

Sources of Tax Revenue in Iowa

Taxes in Iowa 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 Iowa, 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 Iowa, 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: In Iowa, a property tax only applies to people who own real estate (land or houses). Usually, 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 several ways, but many people have arrangements allowing 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 Iowa Tax Lawyer Help?

If you engage in any economic or commercial activity in Iowa, such as working, selling products, owning property, or anything else, it's a near certainty that you are going to have some tax liability.

Tax law issues in Iowa are never simple. In fact, most tax attorneys ONLY practice tax law in Iowa, because tax law is so complicated that an attorney pretty much has to specialize in it. This has the advantage 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 Iowa tax lawyer.

Interesting Facts About Iowa

The state of Iowa is the nation's 29th state, being admitted into the Union in the year 1846. It is known as "The Hawkeye State". The state's economy is well established in the areas of biotechnology and green energy production. Iowa is bounded by both the Missouri River and the Mississippi River. The presidential caucuses are held every four years in Iowa. w One of the main landmarks in Iowa is the state capitol building located in the capital city of Des Moines. It has a striking appearance due to its five domes. Its central dome is overlaid in 23-carat gold. The capitol building has chambers that are sometimes used by the Iowa Supreme Court, although the Supreme Court usually meets in the Supreme Court building.

As the court of last resort, the Iowa Supreme Court mostly handles appeals coming from lower Court of Appeals and the District Courts. Iowa is generally associated with legal cases involving civil rights and anti-discrimination laws. For example State of Iowa v. Katz was decided in 1949 and banned racial discrimination in public businesses. Another landmark case, Tinker v. Des Moines (1969), dealt with the rights of Iowa students seeking to express their political views. Iowa continues to be an innovator among states in terms of legal trends and policies.

Lawyers in Iowa maintain high standards of professionalism and ethics. Many Iowa lawyers have represented clients in major court decisions. An experienced attorney in Iowa can help you resolve your legal issues and inquiries.