The owner of Schuyler-Brown Land Title, Heidi Scott is able to answer any real estate questions that come to mind. Heidi Scott is also an attorney and CPA in Mt. Sterling, Illinois specializing not only in real estate matters, but also in tax law and estate planning.
Tax laws govern how taxes are calculated by federal and state governments and dictate the procedures for paying taxes. Tax laws cover various items, such as income, property, and corporate tax.
Tax laws can be very confusing, as they change frequently and vary from state to state. Because of this, it is always wise to consult a tax professional with any questions you may have. Common questions include how to file your yearly income taxes and how much property tax you must pay.
Not every state has an income tax, but a county or city can create its own tax laws and collect from an individual. Given the complexities of tax law, you should consult with a local tax professional to be sure you aren’t paying too much or too little.