Prescott is a city in Yavapai County, Arizona, USA. Locals prefer to pronounce the name PRES-skit. It is also Arizona's official Christmas City. According to 2009 Census Bureau estimates, the population of the city is 43,217. The city is the county seat of Yavapai County. In 1864 Prescott was designated as the capital of the Arizona Territory, replacing the temporary capital at Fort Whipple. The Territorial Capital was moved to Tucson in 1867. Prescott again became the Territorial Capital in 1877, until Phoenix became the capital in 1889. The towns of Prescott Valley (7 miles east) and Chino Valley (16 miles north), and Prescott, together comprise what is locally known as the "Tri-City" area. This also sometimes refers to in general central Yavapai County, which would include the towns of: Dewey-Humboldt, Mayer, Paulden, Wilhoit, and Wlliamson Valley. Combined with these smaller communities the Tri-City area as of 2007 has a population of 103,260. Prescott is the center of the Prescott Metropolitan Area, defined by the U.S. Census Bureau as all of Yavapai County. In 2009, Yavapai County was estimated to have 229,640 residents by the U.S. Census Bureau, making Prescott the third-largest metropolitan area in Arizona, after Phoenix (4.2 million) and Tucson (1 million). Prescott's four-season climate is generally mild, owing to the altitude of 5,354 ft (1,632 m), being significantly cooler than the lower southern areas of the state and yet without the harsher winters found at higher altitudes. The Yavapai-Prescott Indian Tribe reservation is located next to, and partially within, the borders of Prescott.

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 Arizona

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

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

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

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

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

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

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