Lisa Reilly Payton radio appearance covers state tax credits, CARES Act tax deductions
November 17, 2020 | News On November 17, 2020, Frazer Ryan estate planning and tax controversy partner Lisa Reilly Payton was interviewed on KFNX 1100 talk show Successful Aging to discuss Arizona tax credits and federal CARES Act tax deductions....
Arizona Tax Court decision a victory for owners of low-income housing projects
September 30, 2020 | News Ruling reaffirms the commonly used valuation method for LIHTC properties. In a big win for taxpayers – one that holds serious policy implications – the Arizona Tax Court recently denied Maricopa County’s motion for...
Proposition 208 a dilemma for Arizona voters
September 30, 2020 | News Voters must weigh the potential improvement in K-12 education against higher marginal tax rates and the potential loss of new business investment. Since fully emerging from the shadows of the Great Recession, Arizona has been...
Planning for possible decrease of estate and gift tax exemption
September 17, 2020 | News Recent federal spending and the outcome of the November elections could lead to a reduction in the combined estate and gift tax exemption, perhaps as soon as January 1. The federal government imposes an estate tax when a...
Arizona taxpayers impacted by COVID-19 may have some tax penalties abated
September 15, 2020 | News Arizona law provides that penalties for non-payment or late payment of certain taxes may be waived or abated upon a showing of reasonable cause for failure to comply. Arizona, like almost all states, has been hit hard by the...