The IRA is often overlooked when individuals meet with an attorney for estate planning. Perhaps this is because the IRA owners fill out the beneficiary designation form themselves and they believe they are capable of completing it on their own. … read more
While the majority of Americans get a tax refund from the Internal Revenue Service each year, there are many taxpayers who owe and some who can’t pay the tax all at once. The IRS has a number of ways for … read more
During their marriage, a client and her husband owned several partnerships which generated large passive losses. Because there was not sufficient passive income to offset these losses, the losses were suspended. Since the couple resided in a community property state, … read more
Do you own a residential rental in Maricopa County? Did you realize that you must have your rental registered with the county as such pursuant to A.R.S. § 331902? Regardless whether the tenant is related or non-related, the county will … read more
About half the workforce does not have a retirement savings plan and fewer than 10 percent of those without plans at work contribute to a plan on their own. That makes the idea of an automatic enrollment 401(k) plan very … read more
Long term care insurance has become more prevalent in today’s financial planning tactics. This topic can create a great deal of confusion and uncertainty about what is the right decision to make. The main reason individuals are reluctant to consider … read more
If you are planning to make a substantial contribution to a charity or college, consider donating appreciated stock from your investment portfolio instead of cash. Your tax benefits from the donation can be increased and the organization will be just … 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!
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- Roth IRA Contributions for a High-Income Couple
- Five Depreciation Tips for Year-End Tax Planning
- Trust Taxation in 2013 – A Potential New Paradigm
- Foreign Gift Reporting Requirements
- Relaxing the “Use it or Lose it” Rule for Flexible Spending Accounts
- Correspondence Audit Selection Process
- Don’t Miss Out on Taking Your 2013 Arizona State Tax Credits!
- The Evolving Affordable Care Act – Health Insurance
- Various Tax Benefits Increase Due to Inflation Adjustments for 2014