Arizona Income Tax Changes Enacted in Last Days of Regular Session

A large number of bills were passed at the very end of the regular session of the Legislature back at the end of June. Among those bills are the following ones that modified various income tax related provisions in the Arizona Statutes

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Final Regulations Released on Electronic Filings for Small Nonprofit Organizations

The IRS finalized the regulations on the “E-Postcard” filing requirements for small nonprofits that both are not required and choose not to file a Form 990 series report (TD 9454).

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Taxpayer Who Split Time Between Kuwait and Oklahoma Not Eligible For Foreign Earned Income Exclusion

Paul Musshafen was assigned to work on an oil rig in Kuwait. The question of whether he was eligible to claim the foreign earned income exclusion on his earnings was addressed in the case of Musshafen v. Commissioner, TC Summary Opinion 2009-115.

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IRS Loses in Second Venue this Summer on Theory that LLC Interests Automatically are Treated as Limited Partnership Interests under §469(c)(1)(B)

The IRS, fresh from the loss in the Garnett case, attempted before the Court of Federal Claims to obtain support for its view that an LLC membership interest automatically is treated, for purposes of the passive loss rules, as a limited partnership interest due to the owner having limited liability. In the case of Thompson [...]

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Maneuver your way around the complicated world of health insurance

I am not an insurance expert, but I know there are ways to save money on health insurance premiums. You just have to know what to look for. If you don’t, then consider hiring an expert who does. 

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Opportunity is knocking for career enhancement.

Here is a chance to potentially enhance your career, maximize job security or reinvent yourself to fill imminent gaps.

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CPAs no Longer Have to Provide Citizenship Documentation Each Time They Renew License

Great news, Arizona CPAs! In the near future we won’t have to prove our citizenship every time we renew our license.

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Millionaires tax could take combined Arizona rates to 49 percent

Millionaires in Arizona could be taxed at 49 percent if a federal surcharge on the wealthy is approved as part of federal health care reforms. Read full article Posted by J. Michael Stolp from my Blackberry Tour.

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Web site or website? Tweeting or twittering? How do I use these words?

The world is changing and so is our language.  New words are being created, especially in the area of technology. We aren’t in school anymore, so it can be challenging to figure out how to use new words correctly.  Following are the proper uses of some technology terms according to the AP Stylebook, the handbook used by most [...]

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Uncertainty is something we can count on.

Economic stress may cause employers to re-think hiring strategies.  The news is packed with missed forecasts and projections.  That means uncertainty is something we can count on. Is the timing ripe for employers to rethink how they staff for this temporary period of economic unrest?

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