As the world continuously moves toward digital bill paying, statement delivery, and record retention, why do we still have so much paper? No matter how much of your financial life you move online, there are still some documents you’ll need … read more
Recently, there have been a number of cases disallowing bad debt deductions, particularly for loans to shareholders and related parties. If a related party loan becomes worthless, it is treated no differently from a debt to an unrelated party. Of … read more
If you’re a business owner and you have a mortgage loan on some real estate, and find yourself in a situation where you have the desire and wherewithal to pay off the loan early, how do you treat any prepayment … read more
In an ongoing effort to ensure the proper amount of income and deductions are reported and that the proper amount of tax is collected, the Internal Revenue Service is ever evolving its tax forms. You can always find these changes … read more
Governor Jan Brewer Signs Bill for 2-Year Unemployment "Special Assessment" Tax Increase on Employers
Arizona employers face a temporary tax increase in 2011 and 2012 to help Arizona repay loans provided by the federal government to pay for unemployment benefits. House Bill 2619 signed April 25, 2011 by Gov. Jan Brewer authorizes the Department … 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.
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!
- Exemption Due to Marketplace 1095-A Error
- IRS Marks National Military Appreciation Month
- Tax Benefits of Hiring Children to Work in the Family Business
- ADOR Provides Additional Guidance on Prime Contracting Classification
- Benefits of a 529 Plan for Arizona Taxpayers
- Bill Passed to Enhance College Tuition Plans
- AZ Expands School Tuition Organization Credit to S Corps
- Did You Participate in an Employee Stock Option or Stock Purchase Plan?
- Mid-Year Premium Tax Credit Checkup
- Here We Go Again – The Death Tax Repeal Act of 2015