Watertown is a city in the State of New York and the county seat of Jefferson County. It is situated near the Canadian border and the Thousand Islands. As of the 2000 census, it had a population of 26,705. The U.S. Army post Fort Drum is near the city. Named after the many falls located on the Black River, the city developed early in the 19th century as a manufacturing center. From years of generating industrial wealth, in the early 20th century the city was said to have more millionaires per capita than any other city in the nation. Residents of Watertown built a rich public and private architectural legacy. It is the smallest city to have a park designed by Frederick Law Olmsted, the celebrated landscape architect who created Central Park in New York City. Geographically, Watertown is located in the central part of Jefferson County. It lies 72.0 miles northeast of Syracuse, New York and 31 miles south of the Canadian border. The city is served by Watertown International Airport. The city is known as the birthplace of the "Five and dime" and the safety pin. It manufactured the first portable steam engine. It has the longest continually operating county fair in the United States and holds the Red and Black football franchise, the oldest surviving semi-professional team in the United States.

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...