Personal Property

Gain Exclusion for Principal Residence Previously a Rental

During the Great Recession it was often difficult to sell homes, as buyers were few, with many having difficulty qualifying for home loans previously easy to get. Other homeowners had upside down mortgages and couldn’t sell at the price needed … read more

Fears, Phobias and the Federal Tax Lien

What are you afraid of?  Spiders, snakes, heights?  The federal tax lien?  If you picked the federal tax lien you are not alone.  In 2012 there were 708,000 federal tax liens filed by the Internal Revenue Service.  It is estimated … read more

My House Was Robbed. Can I Claim My Losses on My Taxes?

Unfortunately, the majority of us, at some point in our lifetime will suffer an uninsured loss as the result of theft, act of nature or damage by accident.  Fortunately, as taxpayers, we can still claim the amount of the loss … read more

Is My Personal Property Taxable?

In Arizona, property taxes are assessed on real and personal property.  All of us, however, own some personal property that is exempt from property taxation.  When is personal property subject to property tax? The definition of personal property, for property … 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 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.

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