Arizona TPT rate changes effective June 1st, 2013 Businesses in Arizona that are required to collect Transaction Privilege Tax (TPT) need to remember to change their tax rates effective June 1st. The expiration of the temporary tax from 2010 will reduce the Maricopa County tax rate from 7.3% to 6.3%. Business owners using a point [...]
Read MoreAs the April 15th deadline approaches, we felt it would be a good time to discuss the IRS penalties for late filing and what one can do to avoid them. The penalties being discussed are all regarding individual tax returns. We will write a post at a later date discussing business return penalties. Late Filing [...]
Read MoreNothing special, but figured I’d get something out there. Let me know what you think… Again not my best work but I just want to get something new up on the page April 15th signifies more than the deadline to file individual tax returns for 2012. It also closes the door on collecting refunds [...]
Read MoreThe Internal Revenue Service announced that it would begin accepting tax forms containing depreciation on Sunday, February 10, and forms covering education credits on Thursday, February 14. These forms are Form 4562 – Depreciation and Amortization and Form 8863 – Education Credits. With the acceptance of these forms, the IRS has cleared the way for [...]
Read MoreThe tax law changes under the American Taxpayer Relief Act (ATRA) caused a delay in filing for 2012 individual income tax returns. However, according to the IRS, the vast majority of filers should be able to start filing today (January 30, 2013). The IRS will be able to accept returns affected by the late Alternative [...]
Read MoreYour 2013 income tax marginal rate may be higher than you think. Married filers with incomes over $300,000 and singles with incomes over $250,000 will want to read on. The individual income tax rate does not jump to 39.6% until married filers reach over $450,000 of taxable income for 2013. Beware – due to phase [...]
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