Arizona tax

Simplified Method for Home Office Deduction

There was a time that determining the correct home office deduction was complicated and could lead directly to an audit. Luckily, those days are in the past. The IRS no longer considers a home office a red flag, and they have … read more

IRS Responds to Identity Theft

In recent years the volume of identity theft incidents has grown at an alarming rate. In 2014, more than 9.9 million Americans fell victim to identity theft. Although often less talked about, tax-related identity theft crimes have risen drastically in … read more

Recent Gift (on or after June 17, 2008) from an Expatriate?

Typically, the person who receives the gift doesn’t have to worry about the tax, because that tax liability typically falls on the donor. Well, if the donor happens to be a covered expatriate then that tax liability may now land … read more

IRS Taxpayer Advocate Employee Charged with ID Theft

An employee who worked in the IRS’s Taxpayer Advocate office in Birmingham, AL is facing multiple charges in an identity theft scheme. Four people were arrested and charged last month including Nakeisha Hall, 39, an IRS employee who worked in … read more

Make Your CPA Fall in Love During Tax Season

Valentine’s Day is upon us, and once I’ve purchased flowers for my fiancée, I will once again join the ranks of many other CPAs across the country preparing thousands of tax returns for clients of all shapes and sizes. While … read more

Interesting Tax Deductions

The IRS gives guidelines on what is deductible for individuals to take on Schedule A of their individual income tax returns, as well as business expenses or casualty losses. People tend to make their own interpretations of the IRS guidelines … read more

Why Did I Get this Form 1095? New ACA Info Statements

This January many individuals will receive a Form 1095 for the first time. Form 1095 is part of the expanding ACA (Affordable Care Act) information reporting necessary to determine if you had required health insurance coverage in 2015: The IRS … read more

New Penalties on 1099s Affect Non-Profit Organizations

In July 2015, President Obama signed into law the Trade Preferences Extension Act of 2015. Included on the bill was an important provision that affects non-profit organizations as well as for-profit businesses and individuals.The Act included a substantial increase to … read more

New 529 Account Rules Passed with Extender Provisions

Many are aware of the last minute tax “extender” provisions passed in December, 2015. But you may not be aware of the numerous other tax provisions passed in conjunction with this legislation. One of them being relative to section 529 … read more

It’s About Time! R&D Tax Credit Now Permanent

The latest Tax Extenders Bill signed by the President makes the Research & Development (R&D) Tax Credit permanent. This particular credit has been extended by Congress several times over the years and many critics argued that this should be made … 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!

Contact Us


Recent Posts