Refund

IRS Limits Direct Deposits to Combat Refund Fraud

Income tax refund fraud and identity theft continues to plague taxpayers and the IRS. In 2013 alone the IRS had to issue 770,000 tax return PIN numbers to taxpayers who had fraudulent tax returns filed under their social security number. … read more

Now or Never! Time is Running Out to Claim $760 Million in Tax Refunds

If you have not filed your 2010 tax return, you have until April 15, 2014 to file your return and claim any refund. The law generally provides a three-year window to claim a refund from the tax year. For 2010 … read more

Call and Wait is Annoying – You Just Want Answers from the IRS!

It can be so annoying to call anywhere and just want to get some answers, but you need to dial through a number of options, only to be on interminable hold. It turns out the IRS is no different than … read more

IRS Improves “Where’s My Refund?”

One of the handiest tools on the IRS website www.irs.gov is the Where’s My Refund? app.  Located on the right side of the front page of the IRS website, the IRS is improving the tool this year to give taxpayers … read more

IRS E-Filing Season – Delay for Some Refunds

Electronic filing and direct deposit is the quickest route by far to getting your refund in your bank account and out of the hands of the government. The IRS has opened its filing season successfully this month, and refunds have … read more

Are You Missing a W-2?

The IRS website can be very helpful.  I wanted to point out one of the most recent IRS tax tips that will help taxpayers who are having trouble getting their W-2’s or have misplaced their W-2’s and are ready to … read more

The IRS on Television

When I heard that Ron Howard was making a TV show about the IRS, I thought, it was about time.  We have CSI, why not IRS.  Through the years, there have been many references to the IRS on television.  I … read more

General Information on the Arizona Research and Development Tax Credit

The federal research and development tax credit is probably one of the more underutilized business tax credits out there.  It would stand to reason then the state credit is potentially even more underutilized.  If you’re calculating an R & D … read more

Arizona Makes Its R&D Tax Credit Partially Refundable

Arizona has passed SB 1254 modifying the state’s Research & Development (R&D) tax credit to make it partially refundable for credits generated in taxable years beginning after 12/31/2009. A business that meets all of the following conditions may qualify for a … read more

NOL Carrybacks – Re-Computation Rules

Considering the economic conditions as of late, many taxpayers have found themselves incurring economic losses.  These economic losses have translated into taxable losses which as a general rule can be carried back to offset taxable income from up to two … read more

Welcome


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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