federal tax

Identity Theft: How to Protect Yourself

With tax season underway and scams running rampant, here are some tips to help you avoid becoming a victim of identity theft: The IRS does not initiate contact with taxpayers by email or social media tools to request personal or … read more

Save Twice with the Saver’s Credit

Are you a low-to-moderate income worker? If so, the saver’s credit allows you to save for your retirement while also saving on your taxes with a special tax credit. Save for retirement. The formal name of the saver’s credit is … read more

California’s New College Access Tax Credit

California recently passed a new personal and corporate California tax credit called the College Access Tax Credit (CATC). If you donate to the College Access Tax Credit Fund, you can offset your California taxes by 60% (for 2014) of the … read more

Business Use of a Vacation Home

Recently, a client came to me with a question. My clients’ primary residence is in Arizona, but they also own a beach house in California. The office of an important business connection is just blocks away from the beach house. … read more

When Happily Ever After Isn’t: Innocent Spouse Relief

The union of two people in life generally comes with optimism for the future; a hope for the life that will be “happily ever after”. Reality however, can sometimes have a different agenda. There are situations where one spouse or … read more

UPDATE: 2015 Change to Exemption for Arizona Retail Sales to Out-of-State Buyers

The Arizona Department of Revenue has released additional information on the effective 1/1/2015 change to the retail sales tax exemption for sales to out of state buyers after the amendment of Arizona Revised Statutes (A.R.S.) § 42-5061.A.14. Under prior law, … read more

IRS Announces Official Tax Season Start Date

Accountants across the country breathed a sigh of relief with the recent news that the 2015 filing season will begin on time. In fact, tax season will begin even earlier than anticipated. The IRS originally announced that it was planning … read more

Can I Get a Deduction for My New Year’s Resolutions?

January is here again. If you’re anything like me, you’re setting a goal – again – to drop some pounds and commit to a healthier lifestyle in the New Year. Can we hope for a tax deduction to increase our … read more

What’s in the Taxpayer Bill of Rights?

With the internet being such a great source of information, it has become a way to communicate with people more quickly and efficiently. The IRS took advantage of this in 2009 when it launched its YouTube channel for the public’s … read more

IRS Budget Cuts to Result in Reduced Services for Taxpayers

Recent budget cuts passed by Congress will hit the IRS hard in 2015, and taxpayer services will likely be on the chopping block. The new government spending law will reduce the 2015 IRS budget by 3%, or $350 million. To … 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, LLP 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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