Blumsack & Canzano, P.C. has a broad-based tax practice that covers all aspects of federal, state, and local taxation, including partnership, corporate, real estate, and income taxation, as well as estate, gift, and generation-skipping taxation, and the formation of private foundations and other tax-exempt organizations. Our tax attorneys advise businesses and individuals with respect to all areas of tax law, monitor legislative developments, and advise clients with respect to the potential effect of pending legislation on their businesses and personal finances, and provide representation in tax controversies and litigation. 

 

Most of the fiscal revenue of the US government comes from taxation, with personal income tax accounting for the largest proportion. Personal income tax includes "federal income tax" and "state income tax". State tax rates vary from place to place. Some states do not even have state taxes, such as Alaska, Florida, Nevada, Texas, and Washington. Although some states have state taxes, they only limit dividends and interest income, such as New Hampshire and Tennessee.

If you fail to file your tax return on time, you may face fines and interest. The Internal Revenue Service (IRS) encourages taxpayers to prepare as soon as possible, check their withholdings, collect their tax returns and tax documents such as W-2s, and confirm contact information with employers and banks.

Who needs to declare income tax?

1. U.S. citizens

2. Foreign residents with legal right of abode (Resident Alien)

a. Including those with permanent residency (such as green card holders)

b. Residents with E status.

c. Residents with H status.

d. Those who have been in the United States for more than 183 days within a year.

3. Those who are not residents of the U.S. but have a U.S. income (Nonresident Alien)

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In addition to providing a wealth of experience and knowledge regarding the complicated tax aspects involved in structuring entities and complex business transactions, our tax practice encompasses a wide variety of other areas such as:

• Estate, gift, and generation skipping tax planning

• Charitable planning

• Mergers, acquisitions, and reorganizations

• Tax controversies and litigation

• Real estate transactions and real property taxation

• ERISA and employee benefits, including qualified and nonqualified retirement plans

• Bankruptcy, restructuring, and creditors’ rights

• State and local taxation, including sales & use tax and the Nevada commerce tax

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Resident (Resident Alien) and non-resident (Nonresident Alien) have different tax returns, including different tax allowances, whether to declare property or income outside the United States and so on. If your property or income situation is more complicated, consulting a professional tax expert or accountant to assist in the declaration will not only save a lot of time, but also avoid unnecessary losses and maximize your rights and interests in future tax planning. Generally speaking, tax experts can efficiently communicate property and income information to clients based on their past experience, and request necessary information and information, and wait for the completion of the tax return form, and then verify the information in detail before submitting it. When your financial and identity conditions are special, the tax declaration software on the Internet may not be able to handle all aspects, resulting in errors or even omissions.

The tax experts in Blumsack & Canzano, P.C. can analyze your assets, income, investment income, movable/immovable property tax in a comprehensive and customized way to ensure your taxation, immigration status, and legal legality. The tax experts of Blumsack & Canzano, P.C. have successfully helped our countless clients plan their tax strategies and tax filing plans to minimize their tax liabilities.