Current Resources and Announcements
Check here often for the latest trends, tips and information from the IRS, Arizona Department of Revenue and other agencies and industry leaders. Past posts and articles have been categorized here for quick reference.
Issue Number: COVID Tax Tip 2022-139: $1.2 billion in IRS penalty relief refunds coming for certain 2019 and 2020 tax returns
To help struggling taxpayers affected by the COVID-19 pandemic, the IRS recently issued Notice 2022-36, which provides penalty relief to most people and businesses who filed certain 2019 or 2020 returns late. To qualify for this relief, any eligible income tax return,...
Issue Number: Day Camp and Other Child Care Expenses
Here is a video tax tip from the IRS: Day Camp and Other Child Care Expenses English | Spanish | ASL Subscribe today: The IRS YouTube channels provide short, informative videos on various tax related topics in English, Spanish and ASL. www.youtube.com/irsvideos...
Issue Number: Renting Your Vacation Home
Here is a video tax tip from the IRS: Renting Your Vacation Home English | ASL Subscribe today: The IRS YouTube channels provide short, informative videos on various tax related topics in English, Spanish and ASL. www.youtube.com/irsvideos...
Issue Number: Tax Tip 2022-119: People should donate carefully after a disaster to avoid scams
After an emergency or disaster, people rally to help victims by donating money. Unfortunately, this can give criminals an opportunity to prey on them by soliciting donations for fake charities. Scammers may also pose as federal agencies to dupe disaster victims trying...
Issue Number: Tax Tip 2022-109: What businesses need to know about reporting nonemployee compensation and backup withholding to the IRS
What businesses need to know about reporting nonemployee compensation and backup withholding to the IRS When a business hires an independent contractor, the employer is generally not responsible for withholding income taxes, Social Security, or Medicare taxes from...
Issue Number: Tax Tip 2022-104: Here’s what taxpayers need to know about business related travel deductions
Business travel can be costly. Hotel bills, airfare or train tickets, cab fare, public transportation – it can all add up fast. The good news is business travelers may be able off-set some of those cost by claiming business travel deductions when they file their...
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