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Arizona Tax Preparer Accused of Drug Smuggling Now in Trouble for Tax Fraud

CPA Practice

By David Wichner, The Arizona Daily Star, Tucson (TNS) A tax preparer in Tucson, AZ, already awaiting trial on drug-smuggling charges has been indicted by a federal grand jury, accused of filing fraudulent tax returns to reap inflated fees. c)2023 The Arizona Daily Star (Tucson, AZ). Visit www.tucson.com.

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Arizona AG Asks Federal Court to Stop IRS From Taxing Family Rebate

CPA Practice

By Howard Fischer, The Arizona Daily Star, Tucson, Ariz. TNS) Calling its actions illegal, Attorney General Kris Mayes is asking a federal magistrate to block the IRS from taxing the proceeds of last year’s family rebate. Instead, the IRS declared that the tax rebate payments were taxable in full by the federal government.”

Arizona 52
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Excise Tax versus Sales Tax

TaxConnex

Soon after you start dealing with states’ sales tax, you’re going to also run into another term: excise tax. What is excise tax? And is it different from sales tax? A different kind of tax pie. Federal, state, and local governments can all impose excise taxes. Calculating and Charging.

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Sales tax vs. use tax: the differences

ThomsonReuters

Jump to: What is sales tax? What is use tax? Sales tax vs. use tax Summary Calculating, collecting, and reporting sales tax and use tax can get complicated as a business grows, and it can be easy to confuse these two types of indirect taxes. What is sales tax?

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The accountant’s guide to state taxes on retirement income

ThomsonReuters

As an accountant, understanding state tax considerations for various sources of retirement income — including pensions, Social Security benefits, 401(k) and IRA distributions, Thrift Savings Plans (TSPs), and military retirement income — is crucial in helping your clients minimize their tax liability and make the most of their golden years.

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Four years since Wayfair: A trend takes hold

TaxConnex

The Supreme Court Wayfair decision four years ago gave tax jurisdictions the sudden power to require countless companies to collect and remit sales tax. In many respects, Wayfair also opened the path to levying additional kinds of tax obligations on businesses that sell online as eCommerce becomes more and popular.

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Sales tax and nonprofits

TaxConnex

Nonprofits are often thought to be exempt from sales taxes, but is that correct? Other stats say more than 2 million charities exist that are tax-exempt according to Internal Revenue Service rules. Are non-profits exempt from sales tax obligations? These same organizations are not necessarily exempt from sales tax.

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