2016 Tax Amnesty Program for Arizona Taxpayers

The Arizona Legislature has approved for 2016 a state-tax recovery program (House Bill 2708). This tax amnesty program gives taxpayers who have not paid their Arizona income taxes and/or sales (TPT) taxes for tax years prior to 2014 (not 2014 or 2015) a chance to pay them without penalties or interest. This is the second …

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New AZ Law Establishes Tax Recovery Program in 2015

Do you owe money to the State of Arizona? If you do, you can minimize that amount by taking advantage of a new tax recovery program! On March 12, 2015 the State of Arizona passed Senate Bill 1471 to establish a tax recovery program for the Arizona Department of Revenue. The program will begin September …

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Do you own an Arizona Rental House? Get Ready to be Licensed

The Arizona Department of Revenue (ADOR) and Arizona cities are changing the rules for owners of residential rental properties. By 2016, all property owners who meet the licensing requirements will be required to be licensed and to individually file sales tax returns (transaction privilege tax). Licensing requirements for residential rentals are available on the ADOR …

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Arizona Legislature Assists Repair, Installation and Maintenance Businesses with TPT Relief

Repair, installation and maintenance companies in Arizona have often been classified as contractors for purposes of transaction privilege tax (TPT).  While this allowed them to purchase supplies tax-free, it subjected them to the standard 30% contractor deduction for labor, regardless of actual labor cost. Now there’s relief. Arizona Governor Brewer signed into law H2535 which …

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Arizona’s Requirements for Reporting Unclaimed Property

It is common as an accountant to see a business void an un-cashed check after a while or to write off an over-payment from a customer who hasn’t returned in a couple years.  It seems that few people know that it is required by Arizona law to report and remit unclaimed property to the Arizona …

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