QR codes make paying your tax bill a little easier

The Internal Revenue Service has added QR, or Quick Response, codes to some of the notices it sends taxpayers. Specifically, the codes are going on tax due notices. The goal, says the IRS, is to make it easier for taxpayers to deal with the notices. Recipients of the QR coded correspondence can use their smartphones …

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Arizona Department of Revenue payment plans

Are you unable to pay your 2020 tax liability in full? Arizona taxpayers now have the ability to request a payment plan and review and manage their individual income tax liability on the Arizona Department of Revenue (AZDOR) aztaxes.gov website. This new feature will make it faster and easier to set up a payment plan …

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How did you spend your summer?

Remember back to your school days when there were essays and projects themed around how you spent your summer? I was never one of the ones with the “coolest” or most fun summer, as I recall. But you may all be jealous of how we will spend some of our time this summer! As mentioned …

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IRS refunding taxes paid on pandemic unemployment

Good news for those of you who collected pandemic unemployment last year and already filed your 2020 taxes. You might be getting a refund! The American Rescue Plan Act enacted in March made unemployment benefits up to certain thresholds tax free. The IRS recently announced beginning in May it will begin issuing automatic refunds for …

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Random thoughts only incidentally related to tax return preparation

As everyone is aware by this point, the tax deadline was extended by one month for 1040 returns. And in our tired haze, some odd things have come to light, so thought I would share some of these foibles. Don’t miss: Relocating to a new state? Consider these tax issues. Autocorrect can always play a …

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Relocating to a new state? Consider these tax issues.

Thinking about relocating to a new state? (Come to Arizona! It’s a dry heat!) There’s more to consider than housing and employment opportunity. Differences in state tax laws are often overlooked but equally important. Here are a few tax items to keep in mind while you’re packing your boxes. Don’t miss: The Collision of Nonprofits …

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The Collision of Nonprofits and Individuals

With the extension of the individual (Form 1040) tax deadline to May 17 from April 15 we ran into something we have never seen before. Well, in my thirty plus years of public accounting, I have never seen it. The main cohort of people in the tax department had the same deadline as the those …

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Ways to pay your tax bill

This year you have an extra month to file and pay your taxes, with the tax deadline for individuals having been moved to May 17. That extra month is moving fast though. We’re down to less than a week. It’s time to make plans for how you’ll pay your tax bill. Don’t miss: Dancing with …

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Arizona Proposition 208

Have you heard that there is an election going on? And while most of the attention has been focused on the presidential election, there are local elections and initiatives, as well. A very interesting proposition in Arizona is Proposition 208 (Prop 208). This is also sometimes known as the Invest in Education Act. (Or Invest …

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The never ending tax season

Tax season, like the rest of 2020, seems to be going on forever this year. I am not sure if it is actually October 15th or March 229th. I think we can all agree that it has been a very long year. We started out 2020 with a bang, just knowing that it was going …

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