Category Archives: Tax Tips

2012 Tax Returns Claiming Education Credits Delayed

Update March 17, 2013 – On March 12, 2013 the IRS released a statement about the problems with some Education credit claims. In the statement they say they are working hard on sorting out the problem, but it may take … Continue reading

2012 Tax Return – What’s New

As we start the 2012 tax year filing season what is new on the 2012 tax return for individuals (Form 1040 series). After the delay to the tax season, caused by Congress only passing the American Taxpayer Relief Act of … Continue reading

Key Tax Deadlines – February 2013

The usual employer tax deadlines continue through the month for paying over tax payments to the IRS. If you have been paying quarterly remember to check each quarter that you are still eligible to do so. The test only goes … Continue reading

Adoption Tax Credits and Deductions

Adoption tax credits and deductions are a very useful financial benefit for parents who adopt a child. In Arizona we may see more use of these following Jan Brewer’s (the Arizona Governor) 2013 State of the State Address. In the … Continue reading

What Is New For 2012 Arizona Personal Income Tax Return

For the 2012 Arizona Personal Income Tax Returns (Forms 140, 140A, 140EZ, 140PY and 140NR) there have been a number of significant changes for 2012. Credit For Contributions to Private School Tuition Organizations These have been indexed to $503 ($1,006 … Continue reading

2013 Tax Season Delayed

Update Monday March 4, 2013 – The IRS is now accepting all 2012 individual and business tax returns. The IRS announced on January 8, 2013 that the 2013 tax season will open on January 30, 2013. It was originally going … Continue reading

E-Filing Of Some 2012 Business Tax Returns Delayed

UPDATE February 4, 2013 – The IRS is now accepting some 2012 calendar year business tax returns. Read more on my updated business tax return article. The IRS announced on January 4, 2013 that e-filing of some 2012 business tax … Continue reading

Arizona Use Tax No Longer Reported On Income Tax Return

Starting with the 2012 Arizona income tax return, Arizona use tax is no longer reported on the tax return. During the 2012 Arizona Legislative session this requirement was repealed. This means that 2011 was the only tax year in which … Continue reading

Tax Refunds May Be Later In 2013 Tax Season

Update February 4, 2013 – The IRS has announced that many refunds which include Earned Income Credit have been delayed because tax preparers are not correctly completing Form 8867 Paid Preparer’s Earned Income Checklist. If your refund includes Earned Income … Continue reading

Key Tax Deadlines – January 2013

The usual employer tax deadlines continue through the month for paying over tax payments to the IRS. If you have been paying quarterly remember to check each quarter that you are still eligible to do so. The test only goes … Continue reading