Best Tax Lawyers Corpus Christi, TX

Corpus Christi, TX Tax FAQs

• Where does the Tax Court hold trial sessions closest to Corpus Christi, Texas?

  The Tax Court that holds trial sessions closest to Corpus Christi is in San Antonio, located at Room 371, Hipolito F. Garcia Federal Building & Courthouse, 615 E. Houston Street (78206).

• Where is the low-income taxpayer clinic that is closest to Corpus Christi, Texas?

  The closest low-income taxpayer clinic To Corpus Christi is the Lone Star Legal Aid LITC located at 1415 Fannin St, Houston.

• Is there a state income tax in Corpus Christi?

  No, if you are a resident of Corpus Christi or the state of Texas, you do not have to pay state income taxes. Texas is one of the 15 states that does not impose an income tax on its residents. However, other taxes still applies such as sales taxes and property taxes.

• Do you need to pay a franchise tax in Corpus Christi?

  No, you do not have to pay a franchise tax in Corpus Christi. A franchise tax, also known as the 'tax margin, is intended only for corporations, organizations, and partnerships. Professional entities and professional associations can also be subjected to a franchise tax.

• If you win in a casino in Corpus Christi, do you need to pay taxes?

  Yes, if you win any games in a casino in Corpus Christi, you will have to pay taxes as any money you generate from gambling is considered taxable income. If you win a large amount of money, you must prepare two IDs and your tax identification number in order for you to claim your prize money.

• Can you deduct medical expenses from your Texas state taxes?

  It is important to remember that Texas does not have a state income tax. Residents do not have to file a separate state income tax return. However, for medical expenses, you may have federal tax obligations and the IRS allows Corpus Christi residents to deduct qualified medical expenses. Keep in mind that tax laws can change from year to year so it's prudent to check updated tax laws.

• Are there any tax implications when acquiring or selling real estate in Corpus Christi?

  Yes, there are tax obligations when acquiring or selling real estate in Corpus Christi and in the state of Texas. You may have to be subjected to capital gains tax if you are selling a property, in addition to the property tax levied by the state. However, there is a homestead exemption that provides tax relief to qualified homeowners who use their homes as primary residence and may affect the tax rate of the said property. You may consult a tax attorney if you are planning to buy a property