Searching Content indexed under Finance and Banking by Patrick Derdenger ordered by Published Date Descending.
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The Marketing Arm And The Contracting Arm Structure – Works At The State Level But Not At The City Level Because Of The City Speculative Builder Tax
The speculative builder tax is imposed on the sale of "improved real property" if the improved real property is sold prior to completion or before the expiration of 24 months after the improvements are substantially complete.
United States
7 Jul 2004
Arizona Corporate Income Tax For Small Businesses
This outline focuses on the Arizona Corporate Income Tax and will examine in detail the mechanics of taxing multi-state corporations that conduct business both in Arizona and other states.
United States
6 Jul 2004
FCC´s Notice of Proposed Rulemaking in the Matter of Digital Broadcast Copy Protection, MB Docket No. 02-230
The ongoing digital television ("DTV") transition poses many unique logistical and technological challenges. The current lack of digital broadcast copy protection may be a key impediment to the transition’s progress. Digital copy protection, also referred to as digital rights management, seeks to prevent the unauthorized copying and redistribution of digital media.
United States
1 Jul 2004
Taxation Of Clean Rooms
The Arizona Legislature has provided substantial tax benefits for clean rooms and their equipment. For property tax purposes, clean rooms will be treated as personal property and thus will be eligible for accelerated depreciation, and will not be taxed while under construction.
United States
30 Jun 2004
Consumer’s Use Tax On Out-Of-State Purchases
The Arizona Legislature enacted the use tax in 1955 and it took effect on July 1, 1956. The then Governor of Arizona, Earnest W. McFarland, called a special session of the legislature to enact the tax to protect local retailers from residents going out of state to make their purchases free of the sales tax.
United States
28 Jun 2004
Installation Of Machinery And Equipment
Arizona imposes a transaction privilege (sales) tax on prime contractors (subcontractors are exempt). This tax is imposed under the "contracting classification" of the Arizona sales tax statutes.
United States
22 Jun 2004
The Retail Classification
The retail classification is comprised of the business of selling tangible personal property at retail. The tax base for the retail classification is the gross proceeds of sales or gross income derived from the business. The tax imposed on the retail classification pursuant to this section does not apply to the gross proceeds of sales or gross income from:
United States
21 Jun 2004
Tax Issues in Employment Settlements
or the parties negotiate a settlement before a j udgment is rendered. The parties also may negotiate a settlement after a judgment is rendered in order to avoid the appeals process. This outline focuses primarily on the tax issues of employment-related settlements. Nevertheless, the manner in which an employmentrelated dispute is settled has little, if any, significance for federal tax purposes.
United States
18 Jun 2004
Phoenix Tax Workshop - Research and Development Expenditures
Federal income tax deductions and credits for research and development expenditures are outlined in Section 174 and Section 41, respectively, of the Internal Revenue Code. To be eligible for the deduction under § 174, an expenditure must be incurred in connection with the taxpayer's trade or business and must represent a research and development cost in the "experimental or laboratory sense."
United States
18 Jun 2004
Unclaimed Property Reporting In Arizona
Audits are becoming more common as many states have increased efforts to enforce their unclaimed property or escheat laws. Several states have substantially increased the number of auditors assigned to conduct unclaimed property audits and many states have hired third party "bounty hunters" to conduct audits on their behalf.
United States
21 May 2004
Recent Sales and Use Tax and Property Tax Developments
People’s Choice TV Corporation, Inc. v. City of Tucson, 1 CA-TX 00-0010 (3-1-01). The Phrase "Interstate Telecommunication Services" in A.R.S. §42-6004(A)(2) Does Not Comprehend the Activities of Cable or Microwave Television Systems.
United States
19 May 2004
Penalty Abatement Requests For Late Filing And Late Payment
Resource Materials on Penalty Abatement
United States
17 May 2004
Arizona Individual Income Taxation
The Arizona individual income tax structure conforms generally to the federal Internal Revenue Code. It is the specific intent of the Arizona Legislature: "To adopt the provisions of the federal Internal Revenue Code relating to the measurement of adjusted gross income for individuals, to the end that adjusted gross income reported each taxable year by an individual to the Internal Revenue Service shall be the identical sum reported to this state, subject only to modifications contained in this
United States
6 May 2004
Is DILWORTH Still Good Law Or Just A Bump In The Road In The Development Of The Commerce Clause; The CARE COMPUTER Case
Arizona Department of Revenue v. Care Computer Systems, Inc., ___ Ariz. ___ 4 P.3d 469 (App. 2000), review denied (February 15, 2001). The Issue. The issue present by the Care Computer case is whether Arizona may impose its transaction privilege (sales) tax [not the use tax] on Care Computer’s interstate mail-order sales. Or, stated another way, did Care Computer have sufficient nexus with Arizona for the imposition of the state’s transaction privilege tax.
United States
30 Apr 2004
Overview Of The Arizona Property Tax Structure
All Property Subject to Taxation Unless Exempted. All property in the state, whether real or personal, is subject to property taxation unless specifically exempted by the laws of the United States, the Arizona Constitution, or by law under the provisions of the Arizona Constitution.
United States
23 Apr 2004
Sales And Use of Taxation of Internet Transactions
Both the due process clause and the commerce clause of the United States Constitution limit the state’s power to impose sales taxes or a use tax collection obligation on an out-of-state vendor, including an internet vendor.
United States
20 Apr 2004
Personal Property Tax And Preparation Of The Personal Property Statement
Business Personal Property is Taxable; Household Goods are Exempt. All property in the state is subject to property taxation, both real and personal, unless exempted by the Arizona Constitution.
United States
19 Apr 2004
Highlights Of Recent Arizona Property Tax Developments
When a county attempts to correct an assessment error for the current tax year by the Notice of Error procedures of A.R.S. § 42-16252, the county must wait until after the third Monday in August of that year before issuing the Notice of Error. In this case, Maricopa County issued the Notice of Error for the current year prior to the third Monday in August. The court invalidated that notice as premature. The assessor may still issue a September 30 th notice to pick up the new construction.
United States
19 Apr 2004
Correcting Property Tax Errors: Notice of Claim and Notice of Error Procedures
What is an "Error"? A property tax error is narrowly defined by the statute and for the most part does not include ordinary valuation disputes.
United States
16 Apr 2004
Nexus, The Threshold Requirement For State Taxation Of Multi-State Businesses
Both the due process clause and the commerce clause of the United States Constitution limit the state’s power to impose sales taxes or a use tax collection obligation on an out-of-state vendor, including an internet vendor. Both of these constitutional limitations come into play, in the main, when dealing with interstate sale transactions, and limit a state’s ability to impose a sales tax or use tax collection duty on an interstate sale transaction.
United States
16 Apr 2004
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