Best Tax Attorneys in Thousand Oaks

FAQs

• Where does the Tax Court hold trial sessions closest to Thousand Oaks, California?

  The tax court nearest to Thousand Oaks is at Rooms 1167, 1174, Edward R. Roybal Center & Federal Building, 255 E. Temple Street, Los Angeles 90012.

• Where is the low-income taxpayer clinic that is closest to Thousand Oaks, California?

  The low-income taxpayer clinic closest to Thousand Oaks is the Bookstein Tax Clinic at California State University, Nazarian College of Business and Economics, 18111 Nordhoff Street, Northridge.

• What is the current sales tax rate in Thousand Oaks?

  Thousand Oaks has a 0% sales tax rate. 7.25% is the minimum combined sales tax rate in 2023 and constitutes the total sales tax rates of the city, county, and state. The prevailing tax rate in California is 6%, and Ventura County, the jurisdiction encompassing Thousand Oaks, is subject to a tax rate of 0.25% in addition to a local tax rate of 1% Sl.

• Who are exempted from the transient occupancy tax in Thousand Oaks?

  The following are exempted from the transient occupancy tax in Thousand Oaks:

  • Officers and employees of the federal and California state governments who are on official business;
  • Officers and employees of foreign governments whose exemption is granted by express provisions of international treaty or federal law;
  • An insurance company that contracted a room, as stipulated in the California Constitution, Article XIII, Section 28;
  • Any hotel guest staying for over 30 days.

• How much are operators penalized for delinquent transient occupancy tax payments in Thousand Oaks?

  Operators in Thousand Oaks who fail to remit transient occupancy taxes within the allotted time period are charged a 10% penalty on top of the tax they owe. Operators are subject to an additional 10% fine if they don't send in unpaid payments within 30 days of the date they became overdue. In addition, an interest of 0.5% is imposed for each month that the tax is not paid.

• Does California criminalize inaccurate Thousand Oaks tax returns?

  No, the state's revenue department does not pursue criminal charges for inaccurate tax returns in Thousand Oaks. Instead, it adjusts the return and audit and charges a penalty for the tax understatement. Most incorrect tax return balances are corrected along with the penalty. However, the IRS may criminally prosecute individuals with inaccurate tax returns.

• How high is the sales and use tax in Thousand Oaks?

  In Thousand Oaks and throughout California, the sales and use tax is the country’s highest, with a general state tax rate of 7.25 percent. Local governments in the state are allowed to levy added sales and use taxes, although the combined local tax rate should not go higher than 2%.