Tax Lawyers in New Martinsville
Basic services in New Martinsville, West Virginia, like roads, police, and schools, are paid for by compiling taxes from residents.
In New Martinsville, West Virginia, taxes can come from numerous different sources. However, they are always collected at a rate that has been set by the law. Taxes sometimes come in the form of flat fees, but most of them are collected as a percentage of some larger amount of money, such as the value of a piece of property, or income.
Paying your taxes in New Martinsville is not optional. It is obligated by law. If you don't pay your taxes, you could face stiff fines, and even jail time.
Sources of Tax Dollars in New Martinsville, West Virginia
A wide number of activities are subject to taxation in New Martinsville, West Virginia, creating a massive range of revenue sources. For example, cities normally impose a sales tax, charge fees for certain licenses, and collect tolls on roads and bridges.
Sales Tax: In New Martinsville, the sales tax is a tax that's added to the price of goods at the point of sale. Normally, you have to pay a city sales tax on top of whatever sales tax is levied by . Usually, the local sales tax is much smaller than the state tax, which is normally in the area of 5-8%, with the city tax most often being less than one percent.
Licensing Fees: The government of New Martinsville issues licenses for engaging in a wide number of different activities. Most commonly, they issue business licenses, which business owners must obtain before operating any type of business in city limit. The most important of this process is usually paying a fee. While these taxes are called "fees," instead of "taxes," they are functionally identical, and serve the same purpose (namely, raising revenue).
Bridge/Road Tolls: Many larger cities in the U.S. charge tolls to enter the city via main highways or bridges. This amounts to a tax paid for the privilege of entering New Martinsville if it has such toll roads. Besides being a basic 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 New Martinsville, West Virginia Tax Attorney Help?
Tax Law in New Martinsville, West Virginia is not simple. Taxes are imposed on a wide range of activities, and the manner in which they're calculated can be very intricate. Additionally, there are usually special tax breaks or exemptions that may or may not apply to you.
If you have any legal issues with your taxes, you should obtain legal advice from a qualified and reputable tax attorney in New Martinsville, West Virginia.