Arizona tax

New FATCA FAQs Released

As many taxpayers attempt to comply with the Foreign Account Tax Compliance Act (FATCA), they are facing challenges understanding and conforming to the requirements. In an attempt to clarify these complex rules, the IRS has issued Frequently Asked Questions (FAQs) … read more

Your New Job: Filling Out Your W-4 and State Equivalent

Have you filed your taxes and realized that you received a large refund, or owe a significant amount of money? Before you get upset with your accountant (we’re just the messenger!), it might be worth a look at your withholdings … read more

Forming a Partnership – Considerations When Creating an LLC as a Partnership

The advent of the Limited Liability Company, or LLC, is relatively new to the United States. Wyoming was the first state to offer an LLC business entity classification in 1977, and within 20 years, nearly every other state had followed … read more

You Need to File an Amended Return: Now What?

You promised yourself back in January that you wouldn’t procrastinate on your tax return this year. It would be finished and filed by the middle of March, at the latest. But, sure enough, you found yourself scrambling on April 14th … read more

HR May Need to Work Overtime for New Overtime Rule

The United States Department of Labor is proposing to update its regulations governing which executive, administrative, and professional employees (white collar workers) are entitled to the Fair Labor Standards Act’s minimum wage and overtime pay protections. These regulations were last … read more

Clawback Compensation and Section 1341

Recently, a client contacted me looking for some advice on an issue with his former employer. The client had been a shareholder in a C-Corp and received W-2 wages from the C-Corp partially based on the performance of the company. … read more

History of E-File

Did you file your tax return electronically this year? If so, you are in with a pack of your closest friends – over 100 million tax returns are expected to have been completed by e-file for 2015. That is a … read more

Tax Season: Overheard in the Hallways

So as another tax season comes to an end, I am going to share some memories of conversations overheard in the hallway, just as I was walking by. Obviously, these are just snippets of conversations, but show how patient we … read more

UK Double Taxation Relief for the U.S. LLC

A recent UK high court decision provides insight and HMRC may grant flow through treatment status for certain qualified United States LLCs. Prior to this decision, HMRC has denied UK investors relief from double taxation in the UK. On July … read more

BEA Survey Requirements

Unless you received a letter from the Bureau of Economic Analysis (BEA) requesting you complete a survey, you may not have been aware of the existence of these surveys. Although BEA surveys have been around for a number of years, … 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 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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