Idaho Tax Lawyers
In Idaho "taxes" are monies taken from persons or corporations by the government, at a rate set by law.
The taxes that Idaho 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 Idaho is required to pay their taxes. If you don't pay the taxes assessed against you, you are committing a significant criminal offense, punishable by jail time and large fines.
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Sources of Tax Revenue in Idaho
Taxes in Idaho 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 Idaho, 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. 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 Idaho, 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. 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 Idaho, 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 Idaho Tax Lawyer Help?
Everybody in Idaho 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 issues in Idaho are never simple. In fact, most tax attorneys ONLY practice tax law in Idaho, because tax law is so perplexing 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 Idaho tax lawyer.
Idaho is located in the Rocky Mountain region of the U.S. Idaho's nickname is "The Gem" state, as nearly every type of gemstone can be found there. It is also called "The Potato" state, in reference to the state's most famous crop (Idaho produces about 1/3 of the nation's potatoes).
Idaho state laws are codified and compiled into the Idaho Code. These laws, as well as the Idaho State constitution, address nearly every aspect of Idaho life. Legal violations and lawsuits are resolved in Idaho's state court system, which consists of the state Supreme Court, the Idaho Court of Appeals, and the District Courts. Supreme Court decisions are binding on all other Idaho courts.
Idaho is one of the few states to operate a Drug Court system, as well as a Mental Health Court system. The drug court movement is relatively new in the U.S. It offers drug offenders alternative, court-monitored treatment programs as opposed to the standard judicial procedures. Idaho's Drug Court system helps to address the problem of court docket overload, thus freeing up state judicial resources.
Idaho lawyers provide legal services and assistance in a variety of legal topics. Most lawyers in Idaho file their claims at the District Court level, though more complex claims can be heard higher up in the court system. Attorneys in Idaho have experience in handling the types of legal claims that are specific to the region.