Tax Preparer Registration

 

Tax preparer registration is a reality and is coming soon.  Check out the Internal Revenue Service Return Preparer Review at http://www.irs.gov/pub/irs-utl/54419l09.pdf to find out how this will affect you and the registration and licensing requirements.

 

Arizona Withholding Changes

 

Senate Bill 1185 (Laws 2009, 1st Reg. Session, Chapter 2) amended the amounts required to be withheld for Arizona withholding purposes. Through June 30, 2010, the amount required to be withheld was a percentage of federal withholding. For amounts withheld on or after July 1, 2010, the amount required to be withheld will no longer be a percentage of federal withholding. Amounts withheld on or after July 1, 2010, must be based on a table prescribed by the department.  Get the latest form information at http://www.azdor.gov/Forms/Withholding.aspx

 

Conformity

Check out the latest information on conformity at http://www.azdor.gov/LegalResearch/2009Nonconformity.aspx

 

Federal Payroll Tax Exemption for New Hires

 

The Internal Revenue Service has posted on its website the newly-revised payroll tax form that most eligible employers can use to claim the special payroll tax exemption that applies to many new workers hired during 2010.   See how this may apply to you and your clients at Form to Claim Payroll Tax Exemption for Hiring New Workers Now Available

 

New ‘Red Flag’ Requirements for Financial Institutions and Creditors Will Help Fight Identity Theft

 

For information on identity theft and who is responsible look at the following site.

 

http://www.ftc.gov/bcp/edu/pubs/business/alerts/alt050.shtm

 

Increase in AZ Sales tax

 

Complete TPT Rate Table Effective June 1st 2010 - Includes Proposition 100 1% increase

 

Proposed Tax Extenders Legislation

 

Tax Extenders

 


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