Many are aware of the big problem of identity theft relative to federal income tax filings. More and more individuals have been filing their federal income tax returns, only to find out from the IRS that someone already filed one … read more
With the coming and going of October 15th, as we wave goodbye to extension season and the 2014 tax year as a whole, we can all anticipate and look forward to starting the whole process over again in a few … read more
Do you owe money to the State of Arizona? If you do, you can minimize that amount by taking advantage of a new tax recovery program! On March 12, 2015 the State of Arizona passed Senate Bill 1471 to establish … read more
Effective January 1, 2015, sales tax requirements have changed for construction contracting. The changes are as follows: A contractor must determine on a contract-by-contract basis, whether the work performed under each contract is a “modification” activity subject to prime contracting … read more
It’s easy to forget that June 15, 2014, is not only the due date for the second quarter 2014 estimated income tax payments; it is also the due date for withholding agents to file the California Form 592, Resident and … read more
Effective July 1, 2014, the City of Tempe will be reducing its sales tax rate from 2 percent down to 1.8 percent. The rate was temporarily increased in 2010 in order to preserve public services and prevent government layoffs during … read more
The California Franchise Tax Board (FTB) has begun an education process to assist taxpayers in understanding what portion of their California property tax bill is deductible as an itemized tax deduction on Schedule A. The FTB advises taxpayers to examine … read more
Arizona was one of more than thirty states that borrowed money (after their unemployment trust funds were depleted) from the federal government during the economic recession in order to continue paying unemployment benefits to eligible claimants as required by federal … read more
Since 1957, Henry & Horne 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 of … read more
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.
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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- Government Forgives Certain Student Loan Debts
- An Easier, Cheaper 60 Day Rollover Waiver
- Hardship Distributions
- Transfer Pricing, IRC 482 and Control
- Taking on the Tax Court – What Happened to Bruno?
- Sales Tax Audits
- Fiduciary Access to Digital Assets and Accounts