Tax Reporting

Transfer Pricing, IRC 482 and Control

First let’s start with IRC 482. IRC 482 allows the IRS to make allocations to ensure that taxpayers clearly reflect income attributable to controlled transactions and to prevent the evasion of taxes. This refers to both domestic and international transactions … read more

Credit for Taxes Paid to Another State or Country

Keep your accountant on their toes and check your returns. You should always check your income tax returns before signing and ask your accountant about any questions you may have. Accountants are people too and mistakes do happen, so make … read more

The Economic Cost of Tax Compliance

A recent study performed by The Tax Foundation has produced an approximate total cost, in time and dollars, of tax compliance in the United States. For those not familiar with The Tax Foundation, they are an independent and non-profit organization … read more

Refunds for Certain Credits Delayed Next Filing Season

If you expect to claim either the Earned Income Credit or Additional Child Credit on your 2016 tax return, prepare for the possibility that you may need to wait for that refund longer than usual. In an effort to curb … read more

Did Messi’s Mess Get Him “Locked Away”?

Finally a verdict to what we know you’ve all been waiting for since our last blog together! (Click to view our previous blog.) The Spanish court system came out with a decision on the fate of Lionel Messi (World’s best … read more

Built-In Gains Tax

The built-in gains tax was originally established in 1986 as a way to prevent C corporations from escaping the double taxation on unrealized gains by electing to be an S corporation. The way it worked was that if a C … read more

New York State Partnership, LLC and LLP Filing Fees

Complying with federal tax law is challenging enough with so many forms to complete. Complying with multi-state tax law is even more challenging since you have so many jurisdictions to take into account. With that said, it is easy to … read more

Fantasy Sports Tax Obligations

One week fantasy football leagues like Fan Duel and Fantasy Kings are taking the 2015 football season by storm. It seems like we can’t watch a commercial break during an NFL game without seeing a fantasy football advertisement airing with … read more

Spain Says “Nae, Nae” to Lionel Messi

Have you seen the news lately? Lionel Messi (four-time player of the year in futball, soccer as we call it, plays for Barcelona & Argentina (only in the World Cup)) and his father Jorge are to stand trial in Spain … read more

Arizona Manufacturers and Use Tax

Understanding and comprehending tax law is often a difficult task in general. It can be even more so if you are looking towards specific applications of tax law in particular industries. Take manufacturing, for example. I have had quite a … 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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