Arizona Form 285, known as a Power of Attorney, is commonly filed in order to grant a taxpayer’s designated representative the authority to communicate with the Arizona Department of Revenue regarding the taxpayer’s account, filings and records. The form requires … read more
Under the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 which was signed into law on July 31, 2015, the executor of an estate required to file an estate tax return under Code Sec. 6018(a) or (b) … read more
Recent years have brought a slew of high-profile data breaches of major organizations. Some of the largest breaches include Target, Anthem Health Care, Home Depot and most recently, Ashley Madison. Even the U.S. Government has not been immune, as the … read more
The American Institute of Certified Public Accountants (AICPA) recently participated in U.S. House of Representatives, Committee on Small Business hearings on tax reform with the goal of ensuring that main street isn’t left behind. One area of focus in this … read more
The IRS issued proposed regulations which eliminate the requirement that taxpayers must submit a copy of a Code Sec. 83(b) election with their tax returns. The proposed regulations, if finalized, will apply as of January 1, 2016; however, taxpayers may … read more
California is known for its aggressive audit programs and in August 2015, California Franchise Tax Board (FTB) began a new audit program for taxpayers who deducted unreimbursed employee business expenses on their tax return. The audits will begin with the 2011 … read more
Understanding and comprehending tax law is often a difficult task in general. It can be even more so if you are looking towards specific applications of tax law in particular industries. Take manufacturing, for example. I have had quite a … read more
I often have cash basis service providers tell me they want to “write off” amounts that they never collected for services provided. For example, a consultant does work for a client and sends an invoice for $5,000. The client never … read more
The Arizona Tax Recovery Program began this month and will soon end on November 2, 2015. It’s the creation of Senate Bill 1471, passed earlier this year. All taxpayers who meet the application requirements will be eligible to have the … read more
Recently, I was honored to be part of a five person panel for the masters of accountancy and masters in taxation students at Arizona State University (ASU). Included on the panel were representatives from an international CPA firm, a national … 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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- Power of Attorney Confusion at AZDOR
- Inherited Property Reporting Now Extended to February 29, 2016
- Taxability of Identity Theft Protection Services
- Pushing for Tax Reform – IRS Taxpayer Assistance
- No More 83(b) Attachments to Tax Returns
- California Begins Employee Business Expense Audits
- Arizona Manufacturers and Use Tax
- Cash Basis Taxpayer Gets Stiffed!
- AZ Amnesty for Penalties and Interest Expires November 2
- Looking for a Tax Career with a Public Accounting Firm?