Reidsville is a city located in Rockingham County, North Carolina. As of the 2000 census, the city had a total population of 14,485. Originally established in the early 19th century as an outpost and stop on the stage line that ran between Salisbury, NC and Danville, VA called Wrights Crossroads, the Reidsville community grew from a single home and Inn owned by the family of Reuben Reid (a local farmer, businessman, and justice of the peace who was the father of David S. Reid) into a thriving farming community primarily supporting tobacco production and cigarette manufacturing. Reidsville was officially incorporated by the North Carolina State Legislature in 1873 and became a key location of the American Tobacco Company which employed large numbers of city and county residents. The American Tobacco Company was the mainstay of Reidsville economics until its sale and closure in 1994. Many textile mills were established in Reidsville as well, with Cone Mills and Burlington Industries consolidating most of them in the mid-twentieth century, though most have now closed. Although Reidsville has experienced economic recession in recent years the community has enjoyed a renewal of growth as a sleeper city supplying a source of rural development for the surrounding larger cities.

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 North Carolina

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...