Locate Wyoming Tax Lawyers

In Wyoming "taxes" are monies taken from individuals or corporations by the government, at a rate set by law.

The taxes that Wyoming collects pay for necessary 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 Wyoming is obliged to pay their taxes. If you don't pay the taxes assessed against you, you are committing a severe criminal offense, punishable by jail time and large fines.

Sources of Tax Revenue in Wyoming

Taxes in Wyoming can be derived from a large number of different sources, and in different amounts. The most typical sources of tax revenue nationwide are Sales Tax, Income Tax, and Property Tax.

Sales Tax: In Wyoming, vendors are obliged to pay a certain percentage of their gross sales revenue to the state and/or local government. This is identified as the "sales tax." The sales tax applies to most, but not all, items sold in Wyoming. This tax is passed onto consumers, as vendors typically add the sales tax to the price of their goods at the time of sale.

Income Tax: Every resident of the United States has to pay a tax to the federal government on their income. This is identified as the "income tax" and it applies to residents of Wyoming, and every other state. Moreover, most states in the U.S. impose their own income tax, which must be paid on top of the federal tax. All sources of income are subject to this tax. For most people, the only substantial source of income is employment wages. In these cases, income tax is deducted from a person's paycheck, so they usually don't have a huge tax bill at the end of the year. The federal income tax ranges from 10% to 33% of income, depending on how much money a person makes.

Property Tax: In Wyoming, a property tax only applies to people who own real estate (land or houses). Typically, 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 various ways, but many people have arrangements authorizing 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 Wyoming Tax Lawyer Help?

If you participate in the economy of Wyoming, whether it's by running a business, earning a wage, or owning property, you're likely to have some tax obligations.

Tax law issues in Wyoming are never simple. In fact, most tax attorneys ONLY practice tax law in Wyoming, because tax law is so intricate that an attorney pretty much has to specialize in it. This has the advantage 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 Wyoming tax lawyer.

Interesting Facts About Wyoming

Wyoming is located in the Western portion of the United States. It is characterized by a high number of mountain ranges and high plains prairies. It is the least populated state in the U.S., but the 10th largest in geographic size. Wyoming's economy consists largely of mineral extraction, and trade. Wyoming has the highest concentration of certain minerals in the entire world.

Nearly half of all Wyoming land is owned by the United States government. Additionally, the state of Wyoming owns 6% of the land in the state. Most of the government land in Wyoming is overseen by the Bureau of Management and the U.S. Forest Service. Many Wyoming laws involve protection of the state's valuable natural resources.

Due to its smaller population, Wyoming does not have an intermediate court for appeals. Instead, appeals go directly to the highest court, the Supreme Court of Wyoming. This arrangement is generally viewed as acceptable, since the Supreme Court experiences a relatively lighter caseload in comparison with other state courts. Jury trials are heard in the Circuit Courts or at the District Court level. The Wyoming Supreme Court also operates programs aimed at student education and preventing juvenile delinquency, such as the Children's Justice Program and the iCivics program.

Lawyers in Wyoming work diligently to provide the community with outstanding legal services. Wyoming lawyers file lawsuits on behalf of clients and provide them with indispensable legal advice. An attorney in Wyoming can provide assistance with legal claims and disputes.