Richland County Officials Claim Student Housing Lawsuit is Unfounded

Richland County officials publicly remarked that they are going to stand by their decision and continue to support tax breaks despite the recent filing of the student housing lawsuit. Tax lawyers representing Richland County claim that from a legal standpoint, the lawsuit is baseless and the companies that received the incentives from tax breaks will gladly pay to defend tax breaks and fight the lawsuit, as reported by thestate.com.

The lawsuit basically attempts to challenge the lawfulness of tax breaks which have been provided to student housing complex developers. Richland County officials aren’t usually ones to publicly respond to such accusations, but they did not shy away from releasing a rather elaborate written statement where they referred to the lawsuit as being “baseless” and said that it had a “myopic” perspective of economic development.

It is not as if any business is not paying more taxes than they should in this tax oppressive country.

Tax breaks challenged in lawsuit as being illegal

On the other hand, the complainants that filed the lawsuit allege that the tax breaks given to student housing complex developers are not lawful since these tax breaks are ideally only intended to bring jobs and industry to the area and not for the purpose of building residential properties. What is wrong with more jobs though?

The tax break bill was proposed and passed when Columbia County and Richland County joint hands and passed the bill together in 2014. The bill cuts tax rates by a staggering 50% for a period of ten years until 2024. The proponents of the bill now credit the development of as five huge housing complexes, worth an estimated $200 million, to the passage of the bill.

Tax attorneys representing the county said that they would not hold short in defending themselves, and the cost of the litigation will be borne by the same developers that are gaining from the tax breaks.

Tax fraud – how to avoid it

Tax fraud is undoubtedly on the rise. The risk that you may have your identity stolen from right under your nose and the fraudster filing a tax return in your name is realistic.

In order to steer clear of such trouble, there is one golden rule you can follow say tax lawyers. Do not give away any of your information over the telephone. You may very well receive a phone call from someone claiming to be from the IRS and asking for your social security number.

By acquiring this information, they can make easy money of either $3,000, or $6,000 per claim.

Tax lawyers also reiterate that it is unsafe to file your tax return over a public WiFi network. This information can be tapped into easily by hackers that are always prying on gullible and careless victims.

If you have been the victim of a tax fraud, or if you would like to know what you can do to protect yourself better from potential tax fraud, then we strongly suggest that you get in touch with a tax lawyer as soon as possible. You can do that by calling us or completing the information on the site linked right above or by using this virtual resource tool to find the legal help you need. The Internet can be used for nefarious purposes but because of websites like this (Tax.USAttorneys), it can be source of righteousness too!