Recently, the IRS released new requirements for taxpayers to be eligible to claim and take advantage of the Earned Income Tax Credit (EITC). The online and interactive EITC Assistant has been upgraded to assist you in determining whether you qualify … read more
The Arizona legislature is out of session – but not before they made some favorable changes – if you are an individual taxpayer! Beginning September 13, 2013 and retroactively effective to December 31, 2012, Arizona taxpayers with §529 college savings … read more
It is never too early to start planning for your 2013 tax return – even though you may have just filed your tax return for 2012! Saving for your retirement can make you eligible for a tax credit worth up … read more
If you made your home more energy efficient last year, you may qualify for a tax credit on your federal income tax return. Here is some basic information about home energy credits that you should know. If you have procrastinated … read more
With the passage of the American Taxpayer Relief Act of 2012, the government extended the new markets tax credit which is available for investments made in entities involved in development in low- and moderate-income areas throughout the United States, Puerto … read more
In general, the American opportunity tax credit, lifetime learning credit and tuition and fees deduction are available to taxpayers who pay qualifying expenses for an eligible student. Eligible students include the primary taxpayer, the taxpayer’s spouse or a dependent of … read more
There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne, LLP we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.
Before posting a comment on a blog post please be aware that we do not give free tax advice to non-clients by email, comment response, or phone. Thank you!
- The Capital Gains Look-Through Rule at a Glance
- Can Spouses Help each Other Lower Their Self Employment Tax?
- Temporary Regulations Provide Guidance on Form 5471
- New Like-Kind Exchange Reporting Required for California (IRC 1031)
- Survey Suggests Taxpayers are Overconfident in Their Tax Prep Skills
- Timing Rules for SEPs and SIMPLE-IRAs Part II
- Timing Rules for SEPs and SIMPLE-IRAs Part I
- Are You an Identity Theft Victim?
- Supreme Court Decides Severance Pay is Subject to FICA Tax
- Mamma Mia! Who Can Deduct That?