It has recently been discovered that there is a widespread number of taxpayers that are encountering errors with the Form 1095-A (Health Insurance Marketplace Statements). The types of errors that are occurring consist of incorrect information on the form or … read more
May is National Military Appreciation Month, and the Internal Revenue Service wants members of the military and their families to know about the many tax benefits available to them. Each year, the IRS publishes Publication 3, Armed Forces Tax Guide, … read more
Finding work for young adults that are eligible for employment can be very stressful. In recent years, the economy has created a culture which makes graduating college and taking that next step into the work force one that is not … read more
Sending a child off to college can be a tough situation, emotionally and mentally, for many different reasons. Creating a 529 plan to save money and pay for your child’s college tuition is very important, but what about all the … read more
The Arizona legislature has established a pro rata income tax credit for an S corporation that donates to a school tuition organization (STO) for tax years beginning on or after 1/1/2015. To qualify for the credit, the aggregate amount of … read more
Now that there is a year of the Health Insurance Marketplace in the books, it is time to assess how having insurance through the marketplace needs to have a mid-season checkup. If you have insurance through the Marketplace, you may … read more
Is there a possibility the current estate tax will be repealed? This is a debate we have heard over and over again over the past several years, and as we head into the race for the White House, we are … read more
If you lose your job, you may qualify for unemployment benefits. The payments may serve as much needed relief. But did you know unemployment benefits are taxable? Here are four key facts about unemployment compensation: Unemployment is taxable. You must … read more
Now that your tax returns are completed, there is a new way for the bad guys to get after you. There is a new email-based ransomware attack, which involves receiving an email that looks like the item below. The bad … 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