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What’s the difference between TPT and EIN?

Posted by Brandon Keim | May 19, 2025 | 0 Comments

Beyond financial numbers, one of the confusing parts of navigating both the federal and Arizona tax systems is the abundance of acronyms and numbers. Two examples of these acronyms are TPTs and EIN. Many businesses and organizations will have both. They each serve an important but different purpose.

How TPT Rates Vary By City and County in Arizona

Posted by Brandon Keim | May 16, 2025 | 0 Comments

Most businesses in Arizona require a transaction privilege tax (TPT) license to operate. Where a business is located in Arizona, however, can affect its overall tax rate. Each local government is responsible for setting its local rates. This is why county and city TPT rates can vary.

What is the Process of Submitting a FATCA Certification?

Posted by Brandon Keim | May 09, 2025 | 0 Comments

The Foreign Account Tax Compliance Act (FATCA) was passed to reduce tax evasion through offshore accounts and other financial interests outside of the United States. The law involves anyone who pays taxes, including foreign nationals and foreign governments required to pay taxes in the U.S. FATCA certification is a way to ensure taxpayers are complying with these new requirements.

Are car owners who make their cars available for rental on a P2P (peer-to-peer) platform subject to TPT?

Posted by Brandon Keim | Apr 18, 2025 | 0 Comments

Peer-to-peer (P2P) platforms for car sharing are subject to the transaction privilege tax (TPT) in Arizona. The state defines a P2P platform as a business that enables individuals to rent a vehicle. If renting a car is a side gig, it’s unlikely to require a TPT license. If renting a car is an individual’s primary source of income, it may require a TPT license. 

What Is the Streamlined Sales Tax Project (SSTP)?

Posted by Brandon Keim | Apr 11, 2025 | 0 Comments

The Streamlined Sales Tax Project (SSTP), also referred to as the Streamlined Sales and Use Tax Agreement (SSUTA), is an effort to simplify the collection of sales and use taxes in the United States. The goal of SSTP is to minimize differences between state tax systems. 

Reverse Eggshell Audits

Posted by Brandon Keim | Apr 07, 2025 | 0 Comments

When an audit occurs parallel to civil and criminal investigations, it’s referred to as a reverse eggshell audit. In these cases, a criminal tax investigation is disguised as a civil audit, and taxpayers may not be immediately aware that their audit is part of a criminal investigation. 

Intended Versus Actual Loss in Tax Crime Sentencing

Posted by Brandon Keim | Apr 04, 2025 | 0 Comments

In May 2023, the Third Circuit of the Court of Appeals held that intended tax loss should be used in sentencing calculations for tax crimes rather than actual tax loss. This means that, for sentencing purposes, a judge can consider what might have been lost if a defendant had been successful in their tax crime. 

Most Common Employment Tax Disputes

Posted by Brandon Keim | Mar 24, 2025 | 0 Comments

In the United States, all businesses are required to pay employment taxes. This means they withhold money from employees' paychecks and send it to the federal government. Businesses may use a variety of ways to avoid paying employment taxes. These are a few of the more common ways that employers attempt to avoid their tax responsibility. 

FAQ: The Qualified Small Business Stock Exclusion

Posted by Brandon Keim | Feb 28, 2025 | 0 Comments

Section 1202, or the Qualified Small Business Stock Exclusion (QSBS), allows shareholders of eligible businesses to realize capital gains without paying tax. The goal of this law is to increase and encourage investment in small businesses. There are certain criteria that the shareholder and business must meet to qualify under Section 1202.

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The act of visiting or communicating with Brandon A. Keim via this website or by email does not constitute an attorney-client relationship. Communications from non-clients via this website are not subject to client confidentiality or attorney-client privilege. Further, the articles, discussion, commentary, forms and sample documentation contained in this website are offered as general guidance only and are not to be relied upon as specific legal advice. For legal advice on a specific matter, please consult with an attorney who is knowledgeable and experienced in that area. Attorneys listed in this website practice only in the jurisdictions in which they are admitted. This website is governed by the Arizona Rules of Professional Conduct.

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