Taxes

Legislative panel summary cites tax initiative’s 77.7% increase, impact on small business

Arizona’s top tax bracket will increase 77.7% according to a summary adopted last Thursday by a legislative panel assessing the effects of the so-called “Invest in Ed” ballot initiative. The summary approved by Legislative Council, which is comprised of state representatives and senators from each party, explains that the initiative seeks to assess a 3.5 …

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IRS unveils ‘Dirty Dozen’ list of tax scams for 2020

The Internal Revenue Service today announced its annual “Dirty Dozen” list of tax scams with a special emphasis on aggressive and evolving schemes related to coronavirus tax relief, including Economic Impact Payments. This year, the Dirty Dozen focuses on scams that target taxpayers. The criminals behind these bogus schemes view everyone as potentially easy prey. …

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