business property

Can I Deduct Rent Paid to a Related Party?

Just because you are paying rent to a related party doesn’t mean that you can pay whatever you want or get by without a rental agreement if you want your deductions to hold up. Related party rent is an issue … read more

Related Party Rentals – What's the Big Deal?

As long as the tax code has been in place, people have looked for ways to shift income, reduce their liability, and increase their cash flow. And, as an owner of a small business, rent expense has been an area … read more

Is My Personal Property Taxable?

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.

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