The Department of Revenue for the state of Arizona recently released a statement informing taxpayers that the 1099-G forms it had issued contained incorrect information. The issue is that the 1099-G forms restated the […]
From the 'Taxation' Category:
For decades, we’ve all dreaded the task of tracking vehicle miles for tax purposes. But it’s always a good idea, always something the IRS Agents ask for in our office whenever auto expenses are […]
You’re going to love this one but you’ll need a little background in two areas first. BitCoin is an emerging form of currency that’s essentially tracked as an electronic balance instead of printed on […]
Taxes themselves are a hassle. But even worse is the prospect of an audit after you’ve filed. So knowing what increases and decreases the probability of an audit is something we’ve made our business. […]
Mark December 7, 2016 on your calendar as the beginning of Tax Reform! It’s likely a date that slipped by pretty much everyone but I’m saying it’s the beginning of a continuing series of […]
The Revenue Code generally requires that taxpayers depreciate the costs of durable goods and equipment over the life of the item. Because it is a durable good, the IRS would say that a $10 […]
With the election of Donald J. Trump as the next President, and both House and Senate now in control of Republican hands, a tax reform bill has a very real chance of becoming law. […]
How about some good news associated with taxes? Here’s the scenario – you decide to pull funds out of a retirement account so you can put them in a new one (reasons to do […]
We’ve reported several times in the past about the ongoing cuts to the IRS budget – now at just under $11 Billion. A new report released earlier this month by the Treasury Inspector General […]
Arizona’s Legislature has once again approved a tax amnesty program – if you owe taxes to the state of Arizona for just about any reason, you may be able to cut a deal and […]