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Does Nevada Have an Estate or Inheritance Tax?
If you have ever wondered, “Does Nevada have an estate or inheritance tax?” the short answer is no. However, that doesn’t mean that an estate won’t be subject to federal estate taxes. Estate planning involves many different aspects, and it is important to cover all your bases when looking toward the future. An estate planning… (Keep reading)
Gas Tax and How it Affects You
Tariffs are taxes added onto the price of goods that we buy. They are different from income taxes which charge tax onyour earnings. Here in Nevada, we do not have a state income tax. W edo, however, pay sales taxes in many different forms. Visitors to Nevada often comment on the high price of a… (Keep reading)
Tariffs and the Effects on Our Taxes
Tariffs are taxes added onto the price of goods that we buy. They are different from income taxes which charge tax on your earnings. Here in Nevada, we do not have a state income tax. We do, however, pay sales taxes in many different forms. Visitors to Nevada often comment on the high price of… (Keep reading)
Tax Brackets for the Year 2026
Married Filing Jointly: If taxable income is The tax is Not more than$24,800 10% of taxable income Over $24,800 but not more than $100,800 $2.480 + 12% of excess over $24,800 Over $100,800 but not more than $211,400 $11,600 +22% of excess over $100,800 Over $211,400 but not more than $403,550 $35.932 +24% of excess… (Keep reading)
What Is a Disregarded Entity for Nevada Tax Purposes?
What is a disregarded entity for Nevada tax purposes? The answer is slightly simpler than it is in many other states. A disregarded entity is a business that the government treats as not separate from its owner when collecting taxes. Most disregarded entities are limited liability companies owned by a single member (SMLLCs). In Nevada,… (Keep reading)
Does Nevada Have State Income Tax on Trusts?
If you are planning on setting up a trust in Nevada, you may be wondering, “Does Nevada have state income tax on trusts?” Some states tax income from trusts, which can mean there are fewer funds available for the beneficiary of the trust. By working with a trusted Las Vegas trust lawyer, you can set… (Keep reading)
Internal Revenue Service Announcement for 1099-K Forms
The Internal Revenue Service has announce that they will delay the implementation of the requirement to issue 1099-K forms from third party payment platforms for transactions of $600 or more. The American Rescue plan required these forms be issued for the 2022 tax year. The reporting requirement is now in effect for 2023. This allows… (Keep reading)
In 2023, The Treasury Department promises an improved tax filing season but the $80 billion in extra funding won’t be felt for a couple of years. Improvements to taxpayers’ services will be the exception. In 2023, Taxpayers should be able to reach a live person on the IRS’s toll-free lines about 85% of the time… (Keep reading)
