Tax Lawyers in Englewood
Englewood, 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 Englewood, New Jersey, there are many 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 Englewood 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 Englewood, New Jersey
Taxes can come from a wide variety of sources in Englewood, New Jersey, such as sales tax, administrative/licensing fees, and tolls.
Sales Tax: A sales tax in Englewood 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: Englewood 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 Englewood 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 Englewood, New Jersey Tax Attorney Help?
In Englewood, New Jersey, many different laws and regulations govern taxes, making the theoretically simple task of determining one's tax liability pretty difficult. On top of that, there are many different breaks and exemptions that apply to specific types of groups and individuals, further complicating things.
If you have any legal issues with your taxes, you should seek legal advice from a competent and reputable tax attorney in Englewood, New Jersey.