Education

Do I Owe Taxes On My Scholarship?

Once the euphoria of receiving a scholarship starts to subside you might start to wonder what kinds of strings are attached. Thankfully this is one of those few instances where you can receive a large payment and not have to … read more

Changes in Arizona to §529 Plan Deductions and Charitable Donation Credits

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

Parents and Students: Check Out College Tax Benefits

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

Making One Step in Your New College Students’ Application Process Easier

I often get calls from clients that are attempting to fill out the Free Application for Federal Student Aid (FAFSA).  This application can appear cumbersome and complicated.  Fortunately, the IRS and the Department of Education have teamed up to make … read more

Section 529 Plans Questions Answered

Have you heard of a Section 529 Plan?  A Section 529 plan is an educational savings plan usually operated by individual states.  These types of plans are structured to encourage families to put aside funds for future education expenses for … read more

Managing Expectations

When a trusted advisor tells you that the project you are waiting for will be done by the end of the week, you expect the project to be done by the end of the week.  When Friday rolls around and … read more

Henry & Horne, LLP Tax Internship Program

Since 1957, Henry & Horne, LLP has been one of the leading accounting firms in Arizona. One of the reasons is our Tax Internship program. The first intern started back in 1996, and through the years there have been 17 … read more

Instruct the Instructor – or What to Do on Saturday that Does Not Involve Laundry

As I mentioned last week, Andrea Hejnal-Hilger and I have volunteered to teach Volunteer Income Tax Assistance (VITA) volunteers how to prepare tax returns. So, we have both completed our certification process through the Advanced level, which is required in … read more

I Started as an Intern

I was thinking back a few years ago when I started the 2006 Tax Season as an intern at Henry and Horne.  I was really excited to have the opportunity to see what it was like to work in a … read more

Off to College

As my oldest daughter and I were shopping and gathering supplies – including those she confiscated from our house – in preparation and anticipation for her initial semester as a freshman at the University of Arizona, something occurred to me. … read more

Welcome


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!


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