Surprise Men Indicted for $2.5 Million Tax Fraud
Arizona Republic: “Two Surprise residents have been indicted in a $2.5 million income-tax refund scheme, according to the U.S. Department of Justice.”
Arizona near Top for Highest Combined Sales Tax Rate
Phoenix Business Journal: “Arizona has the ninth-highest combined sales tax rate in the nation, according to a new study from the Tax Foundation.”
Arizona Tax Preparers Get 5 Years in Prison
Deane Young and his wife Shelia Young of Overgard, Arizona, were convicted of tax fraud arising from their preparation of tax returns that claimed millions in bogus tax refunds. The returns claimed refunds of $12,000 to more than $368,000.
Income Tax Law Complicates Donations to Hotshot Families
Arizona Republic: “Tax concerns could force the families of the 19 hotshots killed in the Yarnell Hill Fire to wait until next year to receive their share of $4.7million in donations collected in the wake of the tragedy. Officials with two firefighters associations in Phoenix and Prescott, which have collected more in donations than any other groups, said Friday that they are worried the families could receive the cash only to be hit with a giant tax bill.”
IRS Opens New Website on Affordable Care Act
The IRS is tasked under Obamacare to administer the many tax provisions contained in the law. It created a website to educate people about the tax provisions at www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions-Home. Here are some of the major topics on the site:
- Individuals and Families
- Employers
- Other Organizations
- List of Tax Provisions
- Legal Guidance and Other Resources