TPT monthly and quarterly returns are due. Taxpayers can file now and schedule payments up until the deadline. The Arizona Department of Revenue (ADOR) reminds TPT (transaction privilege tax) filers that monthly and quarterly returns are due. Filing before the due date is highly encouraged in the event assistance is required. Avoid the worry and hassle […]
What records should your business keep
Record keeping requirements for businesses. What records should your business keep, and how long should you keep them? There are several categories of records that are important to a business, some for internal purposes and some for tax returns and other government requirements. Let’s take a look at these by category. Tax records. First, consider […]
2020 Tax Deadlines Move from April to July
Tax deadline announcements move tax filing and payments from April 15th to July 15th, per U.S. Treasury Secretary Steven Mnuchin. These announcements were made on Tuesday, March 17, 2020, and Friday, March 20, 2020, with payment and penalty delays confirmed by an IRS notice. Here is what you need to know While the filing deadline […]
Understanding Tax Terms: Innocent Spouse Relief.
Understanding Tax Terms: Innocent Spouse Relief. Your ex filed a tax return, didn’t pay the tax, and left you holding the bag. Unfair! There may be relief, but only if you know the innocent spouse rules. What happens when an ex-spouse files a joint tax return with errors in it that you did not know […]
Does my child have to file a tax return?
Does my child have to file a tax return? If you or someone else claims your child as a dependent, your child will need to file a 2019 tax return if he or she has: 1) Earned income from wages of more than $12,200. 2) Earned net income from self-employment (from a paper route, for […]