Hauppauge is a hamlet in the Town of Islip and the Town of Smithtown in Suffolk County, New York, United States. At the headwaters of the Nissequogue River, it derives its name from the Native American term for "overflowed land. " The Hauppauge Industrial Park, located at the edge of the hamlet, is the largest on Long Island, and by some accounts the second largest in the nation. The park has over 1,300 companies, and employs over 55,000 Long Islanders. The companies in the industrial park provide the tax revenue that makes up the bulk of the Hauppauge school district's budget. As a result, school taxes for residents are relatively low, while the budget for schools is actually higher than usual. It is noted for its well-funded schools, with multiple internet-accessible computers in every classroom and many after-school activities, including a drama club with over 200 members.

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 New York

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...