IRS Penalties Slam Those Who Fail to File, Fail to Pay
Nobody enjoys paying taxes or dealing with the Internal Revenue Service. When you owe a big payment, it can be tempting to just put your head in the sand, ignore it and hope it goes away – especially if you … Continue reading
Ten Ways to Avoid a Tax Audit in Arizona – #2: Don’t “Do-it-yourself”
There are few things Arizonans dread more than the news that they will be getting audited by the IRS. Even the most scrupulous of taxpayers can spend many sleepless nights wondering if they have categorized and documented their deductions and credits … Continue reading
Ten Ways to Avoid a Tax Audit in Arizona – #1: Don’t Claim Questionable Deductions
There are few things Arizonans dread more than the news that they will be getting audited by the IRS. Even the most scrupulous of taxpayers can spend many sleepless nights wondering if they have categorized and documented their deductions and credits … Continue reading
IRS Taxpayer Customer Service Called “Unacceptable”
If you run into a problem while trying to figure out your taxes, the IRS website helpfully invitesyou to call their toll-free tax hotline at 1-800-829-1040. But don’t get too excited – the IRS has a service of goal of answering … Continue reading
Owe Taxes to the IRS? You May be Surprised by a Lien on Your Arizona Property
According to the Treasury Inspector General for Tax Administration (TIGTA), the IRS is mishandling lien filings made against people who owe back taxes to the IRS. Problems include copies of lien notices not being sent to the taxpayer’s representative, the IRS … Continue reading
Tax Informant Wins Ruling – May Be Entitled to 15% of $100 Million Tax Bill
When Dorothy Dillon Eweson, daughter of Wall Street financier Clarence Dillon, died in 2005 she left behind an estate worth $300 million. A few years later, the boyfriend of the widow of one of Eweson’s grandsons and a Nashville lawyer, … Continue reading
Health Care Reform Creates Additional IRS Tax Burden for Arizona Small Businesses
What does health care reform have to do with Arizona small business taxes? As it turns out, there is a provision in the health care reform law that would require all businesses to file form 1099 with the IRS for any … Continue reading
Small Businesses Get Tax Break on Health Insurance
The IRS has released some guidance on the new temporary health insurance tax credit that is sure to have Arizona small business owners feeling better right away. Beginning in 2010, businesses with fewer than 25 full-time employees whose average salary is … Continue reading
The IRS Owes Arizona Taxpayers Nearly $2 Million – What’s Your Share?
The IRS is sitting on federal income tax refund checks for more than 2,600 Arizona residents. The checks total almost $2 million in unclaimed tax funds – and the largest check is for $46,504. If you are one of the “lucky” … Continue reading
IRS Clarifies Solar Tax Credits for Arizona Residents
Going “green” with solar power is a great way to ease your impact on the environment. And there are quite a few tax credits for Arizona residents that can ease the impact of a solar energy system on your wallet, … Continue reading
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