Tax Lawyers in Highwood

To pay for basic services like police, schools, firefighters, libraries, and hospitals, the government of Highwood, Illinois collects taxes.

Taxes in Highwood, Illinois can come from a wide variety of sources, but they are always collected at a rate set by law. Sometimes, taxes might come in the form of flat fees, and other times they are collected as a percentage of something, such as a person's income or the value of a piece of property.

Paying your taxes in Highwood is not optional. It is required by law. If you don't pay your taxes, you could face stiff fines, and even jail time.

Sources of Tax Dollars in Highwood, Illinois

Taxes can come from a wide variety of sources in Highwood, Illinois, such as sales tax, administrative/licensing fees, and tolls.

Sales Tax: In Highwood, the sales tax is a tax that's added to the price of goods at the point of sale. Usually, you have to pay a city sales tax on top of whatever sales tax is levied by . Typically, the local sales tax is much smaller than the state tax, which is usually in the area of 5-8%, with the city tax most often being less than one percent.

Licensing Fees: Highwood issues licenses that are required to legally engage in certain activities. Most often, the purpose of these licenses is to raise revenue in the form of fees, making them similar to taxes. One of the most common is the business license, which most businesses must obtain before operating.

Bridge/Road Tolls: Many larger cities in the U.S. charge tolls to enter the city via major highways or bridges. This amounts to a tax paid for the privilege of entering Highwood if it has such toll roads. Besides being a general source of revenue, these tolls require visitors to the city, who will have many city services available to them while they visit, to pay at least some contribution to these services.

How Can a Highwood, Illinois Tax Attorney Help?

Tax Law in Highwood, Illinois is sometimes simple. More often than not, however, some wrinkle appears that makes determining one's tax liability more confusing than it probably needs to be. Additionally, many individuals and groups are legally entitled to tax breaks and deductions, which can make figuring out one's tax liability even more difficult.

Accordingly, it's very important that you seek the advice of a qualified Highwood, Illinois tax attorney if you have any type of issue involving local taxes.