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August 20, 2008
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Welcome to Tucson Tax Attorneys.com

 

 
Did You Know?    
 
 
Form 5471 is Information Return of U.S. Persons With Respect to Certain Foreign Corporations
Report information with respect to certain foreign corporations. A domestic partnership may have to file Form 5471 if it: Controls a foreign corporation; or Acquires, disposes of, or owns 5% or more in value of the outstanding stock of a foreign corporation; or Owns stock in a corporation that is a controlled foreign corporation for an uninterrupted period of 30 days or more during any tax year of the foreign corporation, and it owned that stock on the last day of that year.

 



Tax Law is divided into both Federal Tax and State Tax, and involves the taxation of income and property acquired through personal and professional efforts. In addition to income tax, there is sales tax, gift tax, inheritance tax, capital gains tax, property tax, and a myriad of other areas of tax.

 
Tax collections shown for various States    
 
 
Amounts include adjustments to prior years made in Fiscal Year 2004. This could produce negative amounts of collections shown in the table.However, in a given fiscal year, refunds relating to prior fiscal years may be issued and subsequently recorded, and, therefore, the total refund amount may exceed the collection amount [Money amounts are in thousands of dollars.] in Arizona
Total Internal Revenue collections [2] 25,344,852
Corporation income tax [3] 1,894,886
Total [4,5] 22,687,926
Income tax not withheld and SECA tax [4,5] 4,361,468
Income tax withheld and FICA tax [4] 18,207,241
Railroad retirement tax 718
Unemployment insurance tax 118,498
Estate Tax 262,604
Gift Tax -5,254
Excise Taxes[2] 504,691

Source: Data 2004, Chief Financial Officer, Revenue Financial Management
 

Federal Income tax became law in 1913 when the Sixteenth Amendment to the U.S. Constitution was ratified. While some states do not have an income tax, all residents and citizens of the United States are subject to federal income tax. The more assets an individual owns, unfortunately, the more complicated the tax law becomes.

Congress writes the tax laws, which become part of the tax code. The Internal Revenue Service (IRS) is charged with interpreting the tax code. The IRS is a branch of the U.S. Treasury Department, with headquarters in Washington, D.C., and is ruled by a commissioner appointed by the President. Regional commissioners and district directors, also political appointees, oversee IRS operations.

Our Tucson Taxation Lawyers are willing to work for you. They can explain in detail the complex state and federal tax laws that affect you and your case. If you expect a high standard of quality from your legal representatives, then our Tucson Taxation Lawyers are the lawyers for you.

Taxation and Tax Law related topics:

  • Income Tax Cases
  • Recent Estate & Gift Tax Cases
  • Recent Income Tax Cases
  • State Statutes Dealing with Taxation
  • Corporate Taxation
  • International Taxation

Contact our Tucson Taxation Lawyer Now!

 
Tucson Audio & Video    
 
  Senate Republicans Seek End to Estate Tax
AUDIO, RM, 44Kbps, 7:08, 7/28/2005

The Senate is expected to vote this week on a proposal to repeal the estate tax. The tax has been in place for nearly a century. But times have changed and estate tax opponents are predicting victory
Source: NPR
 
 
Tucson External Sites    
 
 

2002 ARIZONA TAX FORMS
A-4P - Annuitant's Request for Arizona Income Tax Withholding ... 8453 - Arizona Individual Income Tax Declaration for Electronic Filing ...

 


 

  Newsroom  
 


News about Taxation cases in Tucson and nationwide:

Chicago Attorney Sentenced To Prison For Tax Evasion
Robert Wayne Hallock, an attorney from Chicago, Ill., was sentenced today in federal court for attempting to evade taxes on more than $1 million in...
Read more >


Is Estate Tax Reform Dead?
WASHINGTON, D.C. - Senate Republicans' attempt to push through a permanent cut in the estate tax before adjourning was nothing short of a...
Read more >


IRS Works With Associations to Help Hurricane-Affected Taxpayers
IR-2006-43, March 13, 2006

WASHINGTON — The Internal Revenue Service announced today an agreement with two tax professional associations to...

Read more >


More Taxation News >

 
 

Taxation Terms

 


Today's Terms

Subchapter S

Definition:
The S-Corporation must complete and file IRS Form 1120s to report its annual income to the IRS each year.

Estate and Gift Tax

Definition:
One of the oldest and most common forms of taxation is the taxation of property held by an individual at the time of their death. Such a tax can take the form, among others, of estate tax (a tax levied on the estate before any transfers). An estate tax is a charge upon the decedent's entire estate, regardless of how it is disbursed.

Meal Expense Deduction

Definition:
Generally, you can deduct only 50% of your business-re-lated meal expenses while traveling away from your tax home for business purposes. Also, you can generally de­duct only 50% of certain reimbursements you make to your employees for meal expenses they incur while traveling away from home on business.

More Taxation Terms >

 

Tax Legal Resources

 


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Taxation Hot Topics

 
Topics Related to Taxation Law:
  • Income Tax Cases
  • Recent Estate & Gift Tax Cases
  • Recent Income Tax Cases
  • State Statutes Dealing with Taxation

More Tax Topics >

Tucson Taxation Attorney

 
If you live in the following cities and need an taxation attorney you should contact our Taxation Attorney as soon as possible:

  • Apache Junction
  • Avondale
  • Buckeye
  • Bullhead City
  • Casa Grande
  • Cave Creek
  • Chandler
  • Chino Valley
  • Cottonwood
  • Douglas
  • Flagstaff
  • Florence
  • Fountain Hills
  • Gilbert
  • Glendale
  • Green Valley
  • Kingman
  • Lake Havasu City
  • Mesa
  • Nogales
  • Paradise Valley
  • Payson
  • Peoria
  • Phoenix
  • Prescott Valley
  • Safford
  • Scottsdale
  • Sierra Vista
  • Somerton
  • Sun City
  • Sun City West
  • Surprise
  • Tempe
  • Tucson
  • Yuma
 


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