Tax Law in Vermont
Some folks are truly rugged do-it-yourselfers. However, dealing with the courts, the IRS, and the Vermont Department of Taxation alone, may not work to your advantage.
In this article, we'll try to give you the best of both words - lots of information, so you can make good choices on your own as well as the path to finding a Vermont tax attorney, so you know what your choices are.
Specifically, we'll illustrate:
- When a VT tax lawyer can help you
- The types of taxes a VT tax attorney deals with
- How to find free non-legal tax help
- How to find legal tax help
A Vermont Tax Lawyer Can Help with these Tax Problems
VT tax attorneys help with a myriad of tax matters including, but not limited to, filing current and back taxes, tax planning, estate planning, business planning, IRS and VT Department of Taxes communications and negotiations, criminal defense (tax fraud and tax evasion), audits, and self-audits.
- McMurphy wonders what defenses he has against the IRS's accusations of tax related crimes. He's sure to be locked up but wants to know if he can protect his wife. Does the innocent spouse rule apply?
- Miller wants to know how to run his business without drawing the attention of the IRS and the VT Department of Taxation. He just wants to fly under the radar.
- Turkle has received an audit letter from the VT Department of Taxation and wants legal guidance and a professional to handle all interactions and any necessary negotiations.
- Warren owes $22,000 to the IRS. He wants a lawyer to try to negotiate with the IRS to get the amount due down. He wonders if penalties can be waived? And, what about accrued interest?
- Martini needs to file back taxes for several years and wants guidance dealing with both the IRS and the state of Vermont. Actually, he wants his attorney to deal with these taxing authorities so he doesn't have to.
A Vermont Tax Attorney Handles These Kind of Taxes
Tax lawyers handle all kinds of tax matters:
Here's a list of the main taxes that affect Vermont residents: Income taxes (including capital gains taxes), self-employment taxes (Medicare taxes and social security taxes), withholding (payroll) taxes, business related taxes, real estate taxes (both ownership and transfer taxes), gift taxes, sales and use taxes, and estate and inheritance taxes.
Where do I Find Vermont and Federal Tax Laws?
If you'd like to review federal or state laws, these links will help:
- Federal Tax Code, Regulations, and Guidance
- Vermont Statutes
Examples of Vermont taxes:
- The income tax in Vermont is marginal, with the top rate being 8.95%.
- Vermont general sales tax tops out at 7%. (6% goes to the state and up to 1% goes to the locality.)
- Vermont has both an estate tax and an inheritance tax; however, both the estate and inheritance taxes have very large exemptions, based upon the year of death.
- For local tax laws,Google your county and town (i.e. real estate taxes, sales taxes, etc.)
How Do I Find Non-Legal Tax Help?
How Do I Find Legal Tax Help?
If you decide not to go it alone, you can find a Vermont tax attorney by searching our free site, www.attorneys.org, or asking the bar association or a friend for a referral.