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.

Answers to tax law issues in California

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...