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
As of January 1, 2020 Arizona’s Minimum Wage became $12.00. Except for Flagstaff, which is higher at $13.00 per hour. Tip Credit Wage also went up one dollar. Flagstaff’s tip credit wage rose to $10.00 per hour. While the rest of Arizona increased to $9.00. Minimum Wage Tip Credit Wage 2019 2020 2019 … Read more
Another email IRS impersonation scam campaign is spreading across the nation. This new email phishing scam utilizes compromised websites and web addresses constructed to resemble IRS.gov. By infecting websites with malware, hackers might be able to gain control over your computer or covertly download software that tracks keystrokes, eventually divulging passwords to sensitive accounts, such … Read more
Thieves recently used traditional “key fob relay” attacks (affects all vehicles with key fobs, not just Teslas) to copy key fob signals and extend it to the vehicle in order to unlock and drive away. Secure Tesla with PIN to Drive In response to these recent attacks, Tesla began pushing updates with extra layers of … Read more
The official deadline to file federal income taxes is March 15 for businesses and April 15 for personal and trusts. Should the tax deadline fall on a Saturday, Sunday, or legal holiday, the deadline becomes the following business day. Partnership income tax returns (IRS Form 1065): March 15, 2019 Extended deadline September 16, 2019 Fiscal … Read more
With the new tax reform law in place, it has marked the largest overall changes to the IRS tax code we have seen in quite some time. Here are the more important elements that will be in effect 2018-2025 unless otherwise noted: Tax Rates: New tax rate structure with seven brackets: 10%, 12%, 22%, 24%, … Read more
The Internal Revenue Service issued a warning about possible fake charity scams emerging due to Hurricane Harvey on August 29th, 2017 encouraging taxpayers to seek out recognized charitable groups for their donations. Even though there has been an huge wave of support across many countries for the victims of Hurricane Harvey and Irma, people should … Read more
Reconstructing your financial records may be essential for tax purposes, getting federal assistance or insurance reimbursement after a natural disaster. Taxpayers often need certain records to prove their loss and value thereof. Accurately estimated losses may help more loan and grant money become available. There are simple steps that can help taxpayers who have lost … Read more
IR-2017-145, Sept. 6, 2017 WASHINGTON — For September’s National Preparedness Month, the Internal Revenue Service is offering advice to taxpayers who may be affected by storms, fires, floods or other disasters. After the devastation of Hurricane Harvey and with Hurricane Irma threatening parts of the U.S. and Caribbean, the IRS reminds taxpayers that the agency … Read more