Arizona tax
How You Can Get Prior Year Tax Information from the IRS
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
Parents and Students: Check Out College Tax Benefits
In general, the American opportunity tax credit, lifetime learning credit and tuition and fees deduction are available to taxpayers who pay qualifying expenses for an eligible student. Eligible students include the primary taxpayer, the taxpayer’s spouse or a dependent of … read more
Tax Guidelines for Children Who Have Investment Income
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
IRS Warns Donors about Charity Scams Following Recent Tragedies in Boston and Texas
It’s sad but true. Following major disasters and tragedies, scam artists impersonate charities to steal money or get private information from well-intentioned taxpayers. Fraudulent schemes involve solicitations by phone, social media, email or in-person. Scam artists use a variety of … read more
California Waives the Mandatory E-Pay Penalty for 4.15.2013 Payments
The 2012 tax filing season had its share of challenges for the various governmental agencies. One of the last minute items was the failure of the California E-Pay system for a period of time on April 15, 2013. Some taxpayers … 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
Arizona TPT Tax Rate is Going Down Effective June 1, 2013
In May of 2010 Arizona voters approved a 1% Temporary Transaction Privilege Tax increase by passing Proposition 100. Last November, however, Arizona voters rejected a measure that would have made this temporary increase permanent. By voting no to Proposition 204 … read more
The Potential Impact of Health Care Reform on Small Employers & the Labor Market
Starting January 1, 2014, as an employer you will be required to comply with the “pay or play” guidelines of the Affordable Care Act (ACA) if you have more than 50 employees. If you have anywhere near 50 or more … read more
Beware of Bogus IRS Emails
The IRS receives thousands of reports every year from taxpayers who receive emails out-of-the-blue claiming to be from the IRS. Scammers use the IRS name or logo to make the message appear authentic so you will respond to it. In … read more
A “Corporation Sole” Sometimes Formed by those Lacking an Honest Soul
Advocates of this idea believe they can reduce their federal tax liability by taking the position that the taxpayer’s income belongs to a “corporation sole” (these have also been referred to as “ministerial trusts”), an entity that IRS says is … read more