Tax Payments

Tax on Scottsdale Rental Properties

Each city in Arizona has its own requirements for collecting Transaction Privilege Tax (TPT) on rental properties.  The city of Scottsdale charges 1.65% TPT on taxable rental income from properties located in Scottsdale.  TPT is collected monthly from the lessor.  … read more

The IRS Levy or How to Ruin an Evening

You’re on your way to meet friends for dinner and it dawns on you-you need cash.  Not a problem-there is an ATM on your route to the restaurant.  After typing in your password and the amount of your withdrawal you … read more

Owe Back Taxes? Get Off the Road!

New York’s Governor Andrew M. Cuomo and state legislators passed an initiative to collect back taxes in March 2013.  The initiative will target those taxpayers owing more than $10,000 to the state.  The punishment?  The suspension of a driver’s license!  … read more

IRS Fresh Start Program Helps Taxpayers Who Owe the IRS

The IRS Fresh Start program makes it easier for taxpayers to pay back taxes and avoid tax liens. Even small business taxpayers may benefit from Fresh Start. Here are three important features of the Fresh Start program: • Tax Liens.  … read more

No Respect for the Tax Court

The Tax Court doesn’t get much love out there by some.  They contend the Tax Court does not have the authority to decide legal issues. However the law says otherwise. The United States Tax Court is a federal court of … read more

Trying to Get Out of those Darn Tax Liens

Some individuals contend that the form or content of a notice of federal tax lien is controlled by or subject to a state or local law, and a notice of federal tax lien that does not comply in form or … read more

Is A Federal Tax Lien Invalid if it is Not Signed by the Secretary of the Treasury?

There are individuals that contend a notice of federal tax lien is invalid because it is unsigned or not signed by the Secretary of the Treasury, or because IRS employees lack the delegated authority to file a notice of federal … read more

Should You Use Form 1099-OID to Pay Your Debt?

You may have better luck getting the straw man from with Wizard of Oz to pay your debt than using the straw man in this scheme.  Advocates of this contention encourage individuals to use IRS form 1099-OID (Original Issue Discount), … read more

Six Tips on Making Estimated Tax Payments

Some taxpayers may need to make estimated tax payments during the year. The type of income you receive determines whether you must pay estimated taxes. 1. If you do not have taxes withheld from your income, you may need to … read more

Eight Facts on Late Filing and Late Payment Penalties

April 15 is the annual deadline for most people to file their federal income tax return and pay any taxes they owe. By law, the IRS may assess penalties to taxpayers for both failing to file a tax return and … 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!


Contact Us

Newsletter

Recent Posts

Archives




Twitter

Categories