What you need to know about FIRPTA

2019-03-05T23:44:14-07:00March 19th, 2013|Investing, Market Changes, Tax Law|

Most investors in the valley like to use what we call a muted contract. A muted contract is just the basics; buyer, seller, who will pay the fees and the closing date. When using a muted contract, in most cases, you remove all the contingencies that are in the standard AAR (Arizona Association of Realtors) contract.  [...]

“Fresh Start” at the IRS – Part III

2012-10-08T15:14:38-07:00October 8th, 2012|Tax Law|

Fresh Start Offer in Compromise Despite late night advertising to the contrary, it is usually extremely difficult to get the Internal Revenue Service (IRS) to accept an Offer in Compromise (OIC) of your taxes. An OIC is essentially a negotiated settlement of your tax debt that allows you to pay less than the full amount [...]

Fresh Start Installment Agreements

2012-08-04T13:08:32-07:00August 4th, 2012|Investing, Tax Law|

For the past two years a call to the Internal Revenue Service (IRS) collections division often included waiting for an hour on hold just to talk to someone about your outstanding tax bill that the IRS was trying to collect. Even the IRS thinks staying on hold for an hour is too long and recently [...]

Tax Warning

2019-03-05T23:44:17-07:00June 4th, 2012|Asset Protection, Financing, Legal Procedures, Tax Law|

Tax advisers, including our tax attorneys and accountants at Kingman Winslow, LLC, are already making special plans ahead of filing season next year, when they expect big problems if Congress doesn't confront major tax provisions set to expire at the end of 2012. For example, Income-tax rates, investment taxes, some itemized deductions, estate and gift [...]

When is it time to file your 2011 taxes?

2012-04-10T13:22:15-07:00April 10th, 2012|Tax Law|

Believe it or not, it’s already time to start thinking about filing your 2011 tax return.  By now you should have received your W-2 form(s), a variety of 1099 forms, etc. With that in mind, I thought I would give you a little information on when your 2011 federal income tax return is due. As [...]


2019-03-05T23:44:19-07:00March 27th, 2012|Tax Law|

There is always something new when it comes to tax rules and regulations that impact your real estate and business transactions. Missing these items can also leave you paying more in taxes then you are required to under the law. The following are a few changes, which will likely impact your taxes in 2012. It [...]