Tax Lawyers in East Hanover
East Hanover, New Jersey has to collect taxes from its residents in order to pay for basic services that we've come to expect, like roads and schools.
In East Hanover, New Jersey, there are several different sources of tax revenue. Irrespective of the source, however, taxes are always levied in amounts determined by the relevant laws. Usually, taxes are calculated as a percentage of something, such as income or home value. Sometimes, however, they are simply collected as a flat fee (usually in exchange for a license or permit).
Residents of East Hanover are legally required to pay their taxes. Failure to do so can result in civil penalties, criminal fines, and even imprisonment.
Sources of Tax Dollars in East Hanover, New Jersey
Taxes can come from a wide variety of sources in East Hanover, New Jersey, such as sales tax, administrative/licensing fees, and tolls.
Sales Tax: A sales tax in East Hanover 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. Typically, local sales taxes are less than one percent, while state sales taxes are in the 5% range.
Licensing Fees: East Hanover 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: 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 East Hanover, 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 East Hanover, New Jersey Tax Attorney Help?
In East Hanover, New Jersey, tax law can get pretty complicated. Taxes are levied on a huge range of products and activities, and they are often calculated in complex ways. Also, 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 seek legal advice from a competent and reputable tax attorney in East Hanover, New Jersey.