Water Mill is a census-designated place (CDP) in Suffolk County, New York, USA, and a hamlet of the Town of Southampton. The population was 1,724 at the 2000 census. Water Mill is the correct name as per local government and the United States Postal Service. Its ZIP Code is 11976. Water Mill is considering incorporating as a village following the unsuccessful attempt by Dunehampton, New York to incorporate. Dunehampton's incorporation would have cut Water Mill off from the Atlantic Ocean beaches. Sagaponack, New York incorporated for a similar reason. As of 2009, Water Mill was listed as the sixth most expensive Small Town in the United States by Business Week. The median home price was $2,238,676.

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...