Placentia is a city in northern Orange County, California. The population was 46,488 at the 2000 census. The 2004 population estimate for Placentia is 49,949. This includes the community of Atwood, which is included in the city of Placentia, and is located in its southernmost quadrants. In recent years Placentia has encountered fiscal difficulties due to its limited tax base and the mismanagement of the OnTrac project, a failed railroad realignment project in its Old Town district. As of January 2007, the city was about $30 million in debt, forcing a reduction of city services.
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.