The U.S. Department of the Treasury and the Internal Revenue Service ruled on 8/29/13 that same-sex couples legally married in jurisdictions that recognize their marriages will be treated as married for federal tax purposes. The ruling applies regardless of whether … read more
What should you do if you already filed your federal tax return and then discover a mistake? Don’t worry; you have a chance to fix errors by filing an amended tax return. Here are 8 facts you should know about filing … read more
Did you know that just because you are married does not mean you have to file a joint tax return? For the most part it makes sense to file together, but there are circumstances when it can actually be beneficial … read more
So, you have filed your income tax return. And you are expecting a big refund. But instead of that amount you were expecting, a lesser amount was direct deposited into your account, or arrived in the mail. What is going … read more
Have you filed your 2012 tax return? But you cannot find a copy of it for whatever reason? Maybe the dog ate it. Maybe you have moved. The IRS offers several different ways to get tax return information or a … read more
Did you know that if a child receives investment income they are required to file a federal tax return for 2012? If a child cannot file his or her own tax return for any reason, such as age, the child’s … read more
Meal and entertainment expenses incurred for business purposes are very common, and necessary. Unfortunately, many businesses do not include the proper documentation for these expenses, and leave themselves open to IRS disallowance upon audit. These expenses require you to jump … read more
Have a Smartphone? Use an iPad? Listen to music on an iPod? If you’re comfortable using those electronics, surely it’s time to file your return using an electronic means. Here are five good reasons to e-file your tax return: 1. … read more
In addition to permanently extending the Bush-era tax cuts for most taxpayers, revising tax rates on ordinary and capital gain income for high-income individuals, modifying the estate tax, providing permanent relief from the AMT, and imposing limits on the deductions … 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 IRS Levy or How to Ruin an Evening
- Roth IRA Contributions for a High-Income Couple
- Five Depreciation Tips for Year-End Tax Planning
- Trust Taxation in 2013 – A Potential New Paradigm
- Foreign Gift Reporting Requirements
- Relaxing the “Use it or Lose it” Rule for Flexible Spending Accounts
- Correspondence Audit Selection Process
- Don’t Miss Out on Taking Your 2013 Arizona State Tax Credits!
- The Evolving Affordable Care Act – Health Insurance
- Various Tax Benefits Increase Due to Inflation Adjustments for 2014