Ashley Quinn Cpas And Consultants
Business Consultant in Sacramento, CA
Clearly one of the factors which motivates many businesses and individuals to relocate to Nevada is the hospitable income tax climate which prevails in the state. Nevada imposes no income tax whatsoever on individuals or on business entities. The single most important prerequisite to enable a taxpayer to take advantage of Nevada's tax hospitality is to domicile one's self in Nevada. In simple terms, this means the personal must make Nevada his principal place of residence-his primary home. Similarly, a corporation or other business entity must establish its commercial domicile in Nevada.