Attention Business TPT filers; if you recently received a monthly or quarterly TPT1 form in the mail please be aware the Tax Period dates printed on the form are incorrect.

• Monthly TPT1 incorrectly printed as 09/01/2011 to 09/30/2011, the correct date should be 01/01/2012 to 01/31/2012.
• Quarterly TPT1 incorrectly printed as 07/01/2011 to 09/30/2011, the correct date should be 01/01/2012 to 03/31/2012.

This program was made possible through our partnership with the IRS.  A taxpayer who has basic computer skills can use a computer to prepare and e-file their own tax for free if their Adjusted Gross Income was $57,000 or less in 2011.  This FAST site is located here at 1600 W. Monroe, B1 Conference room.  It will be available on Tuesdays and Thursdays only, from 9:00am to 1:00pm beginning January 31st. 

Answers to frequently asked questions about your individual income tax return for 2011, can be found here.  Forms and instructions are available to download for free.  To avoid errors on your tax return, use the fillable forms that do the math for you.  It also provides links to worksheets and tax tables that you’ll need to complete your return.  Forms and instructions are available by selecting Forms to the left of this page, then select Individual from the Forms menu.  Arizona Individual Income Tax Highlights can be found there too.

We invite you to join other tax professionals at one of the seminars to learn about 2011 tax law updates and other important tax tips to help you and your practice.

Dates are:

• December 6 - Tempe
• December 12 - Prescott
• December 14 - Phoenix
• December 16 - Tucson

To find out more and to register, click here.
 

Effective March 1, 2011:  Arizona Revised Statute 42-1129 required a taxpayer to remit payment by Electronic Funds Transfer (EFT).  A taxpayer who is required to make payment by EFT but who fails to do so is subject to a penalty of five per cent prescribed by ARS 42-1125.O.  For more information, see Requirement to Remit Payment by EFT under Frequently Asked Questions (FAQS).

NOTICE OF MEETING - REGARDING THE RENEWABLE ENERGY PRODUCTION TAX CREDIT - Monday, June 6, 2011, at 9 a.m.

The Arizona Department of Revenue will hold a meeting open to the public on Monday, June 6 at 9:00 a.m.  The purpose of the meeting is to discuss the proposed guidelines and application process for the Renewable Energy Production Tax Credit (A.R.S. §§ 43-1083.02 and 43-1164.03).  The meeting will be held at: Arizona Public Service, 400 N. 5th Street, 2nd Floor, South Conference Room, Phoenix, AZ  85072

The Arizona Department of Revenue is hosting an informational meeting on Tuesday November 9, 2010 from 9:00am to 11:00am (Arizona time) regarding the new Payroll Service Provider statutes that were included in HB 2012 during the 2010 session of the Arizona State Legislature.

The Internal Revenue Service revised Form SS-4, Application for Employer Identification Number (EIN), to clearly identify the applicant’s true owner. Effective January 2010, all mail, fax, phone, and electronic EIN applications must disclose the name and taxpayer identification number of the true “responsible party” for the entity requesting an EIN.

We have received your inquiries regarding the implementation status of the Payroll Service Company (PSC) registration, concerns about meeting implementation deadlines, and the availability of the final version of the PSC registration technical requirements document.

Implementation of Payroll Service Company legislation.