Fiscal Cliff Prompts IRS to Open Tax-Filing Season Eight Days Later Than Planned

The recent tax law changes resulting from the Fiscal Cliff have prompted the IRS to open tax season eight days later than usual, to make necessary adjustments. The IRS is set to begin processing returns on January 30, and will not go through any files before that date. Part of the reason why the date […]

Posted in Taxes |

Arizona Jobs At Stake With Fiscal Cliff

As news of the fiscal cliff looms closer to the new year, one report indicates Arizona could potentially lose 50,000 jobs. It’s a damning figure that could result in placing Arizona employment in similar conditions as to when the recession first started. Inability to find resolution to the fiscal cliff threatens to cost the state […]

Posted in State Taxes |

Taxing the Lottery: What’s in Store for Mega Millionaires

The Powerball jackpot prize recently soared to previously unrecorded heights and one Arizona resident has come to collect. To those optimistic enough to research the tax breakdown, you’re surely aware there’s a hefty toll to pay regarding a $587.5 million prize. As the prize is considered income, the federal and state government is entitled to […]

Posted in Uncategorized |
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