Learn More About Tax Law in Martinsville, Virginia

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Martinsville is an independent city surrounded by the county seat of Henry County, Virginia, United States. The population was 15,416 at the 2000 census. The Bureau of Economic Analysis combines the city of Martinsville with Henry County for statistical purposes. The paper clip-shaped Martinsville Speedway, the shortest track in NASCAR stock car racing [0.526 miles (0.847 km)] and also one of the first paved "speedways", being built in 1947, is located just outside the city in the town of Ridgeway. Martinsville is the principal city of the Martinsville Micropolitan Statistical Area, a micropolitan area that covers Henry County and the city of Martinsville. The micropolitan area had a combined population of 73,346 as of the 2000 census.

Tax Law Lawyers In Martinsville Virginia

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What is tax law?

Tax law is the codified system of laws that describes taxes on economic transactions. Tax attorneys advise and represent individuals and businesses on all types of tax issues -- including income tax, payroll tax, property tax, and estate and gift taxes. Tax attorneys ensure that their clients are in compliance with federal and state laws and regulations, and represent taxpayers in enforcement proceedings initiated by the Internal Revenue Service (IRS) and/or state taxation agencies.

Answers to tax law issues in Virginia

What are the tax consequences of death?

In the administration of any estate of a person who has passed away, there may be significant tax consequences. An...

What are the basics of tax law?

At the federal level, the primary tax is the income tax. Most know this form of taxation by the completion of the...

Can the IRS take my house if l owe back taxes?

The IRS can seize just about anything you own-including your home and pension plans. There is a list of items exempt...

Will my estate have to pay taxes after I die?

The federal government imposes estate taxes only if your property is worth more than a certain amount at your death...

How are corporations taxed?

Most types of businesses-sole proprietorships, partnerships, corporations that have qualified for subchapter S...

What are the tax consequences of operating as a non-profit corporation?

Non-profits will want to apply for and obtain federal and state nonprofit tax exemptions. Many groups don't want to...

What can be done to report tax fraud to the IRS?

The Tax Relief and Health Care Act of 2006 made significant changes to the Informants Reward Program under the False...