Glendale Tax Prep | Real Estate Pro? Generally speaking, rental real estate is a passive activity to a tax payer even if they materially participate in the rental process. However, if the tax payer is a real estate professional, this income is no longer treated as...
Scottsdale CPA | IRS Scam Warning The IRS recently published a list of potential scams taxpayers should be aware of. The most recent is an aggressive and sophisticated phone scam. The caller claims to be an employee of the IRS. These criminals sound very convincing by...
Phoenix Tax Accountant | Donations of Appreciated Property Donating a piece of appreciated property can have a substantial benefit to your personal income tax return over selling the item and donating the proceeds. Appreciated property could be anything from a piece...
Phoenix Tax Adviser | Retail Sales Changes Effective January 1, 2015, the Arizona Department of Revenue put into effect a new amendment to the retail sales law. This amendment applies to the sales of tangible personal property to nonresidents. Sales to a nonresident...
Phoenix CPAs | Sales Tax Changes With the beginning of 2015, a few new sales tax laws went into effect. Filing Frequency – If your business has an annual sales tax liability less than $2,000, you may now file your sales tax annually. Any business with an annual...
Phoenix Accounting Firm | Year end for SCorps As the year draws to a close, their are a few tax issues we would like to take the opportunity to remind our S-Corporation shareholders of. Shareholders of S-Corporations that own a greater than 2% interest must include on...
