Find Local Wyoming Tax Relief Experts

Wyoming has no state individual income tax and no corporate income tax, making it one of only seven states with this dual no-tax status alongside Nevada, South Dakota, Texas, Florida, Alaska, and Washington. Wyoming's primary revenue source is mineral severance taxes on coal, oil, gas, and trona; these taxes are paid by extraction companies but affect the broader business climate for industries supplying the energy sector. The state sales tax is 4%, with counties adding up to 2% for a maximum combined rate of 6%; Wyoming exempts food purchased for home consumption and prescription drugs from sales tax. Businesses must register with the Wyoming Department of Revenue and collect sales tax on tangible goods and some services, including lodging, meals, and admission fees to events. Payroll tax obligations in Wyoming are limited to federal payroll taxes and Wyoming's state unemployment insurance (SUI) at rates from 0.09% to 8.5% based on experience rating; there is no state income tax withholding requirement. Back tax problems for Wyoming residents are exclusively federal IRS issues: ranchers, energy sector workers, and self-employed contractors with large deductible expenses frequently misapply tax rules and underpay federal taxes. The Wyoming Department of Revenue audits for sales tax and use tax compliance; lodging operators, restaurants, and construction contractors are the most common audit targets. Resolution options for federal back taxes in Wyoming include IRS installment agreements, Offer in Compromise, and Currently Not Collectible status; the IRS Cheyenne office handles Wyoming federal cases.