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What is the deadline for tax year 2020 individual income tax returns? The State of Arizona has announced it has moved the deadline for filing and paying state individual income taxes from April 15 to May 17, 2021. This follows the Treasury Secretary announcement that the Internal Revenue Service (IRS) has moved the deadline for … Read more

States across the nation have seen a significant surge in unemployment benefit fraud, largely associated with identity theft. There has not been a breach of information stored by the Arizona Department of Economic Security (DES), however, criminals are obtaining individuals’ personal information using phishing scams, previous corporate data breaches, and other tactics and using this … Read more

You have until April 15th, 2021 to donate and qualify for Arizona’s charitable donation tax credits.

Denomination Coins per Roll Roll Value Rolls per Box Box Value Pennies 50 $0.50 50 $25.00 Nickels 40 $2.00 50 $100.00 Dimes 50 $5.00 50 $250.00 Quarters 40 $10.00 50 $500.00 Half Dollars 20 $10.00 50 $500.00 Dollar 25 $25.00 50 $1,250.00

Meals and snacks offered at work are a 50% deductible expense, as with client meals when business is conducted. A provision in the $1 trillion HEALS Act provides a 100% deduction for business meals until the end of 2020. The proposed HEALS Act will allow business owners to take a temporary 100% tax deduction on … Read more

🔗 PPP Loan Forgiveness Calculator We created this easy-to-use calculator based on the SBA’s PPP Loan Forgiveness Application Form 3508EZ (rev 06/20) to help you get a quick idea of the loan amount you may have forgiven.

There is now less than a month to file your personal taxes (Form 1040) on time. Do you have all your tax documents ready for filing, or already documents but received more? Send us your files ASAP! The Treasury Department and Internal Revenue Service announced on March 21, 2020 that the federal income tax filing … Read more

Economic stimulus payment dates are based on Adjusted Gross Income (AGI) for the 2019 tax year. If you have not filed 2019, then your AGI for 2018 will be used. If you did not file either year, but still qualify for a stimulus check, your payment will be issued at the end. Stimulus payments for … Read more

Taxpayers should be receiving their IP PIN letters this month. That number will be required to file your 2019 tax returns. The IRS IP PIN is a 6-digit number assigned to eligible taxpayers (opted-in or victim of identity theft) the your Social Security Number (SSN) from being used for fraudulent federal tax returns. If you … Read more

As of January 1st, 2020 the Arizona Department of Revenue (AZ DOR) implemented mandatory electronic filing requirements. Failure to file and/or pay electronically now results in substantial penalties. Paper-filed returns: 5% penalty Check payments: 5% penalty So if you file a paper return and mail a check payment, AZ DOR can tack on a 10% … Read more