Arizona Tax Preparers Get 5 Years in Prison

Deane Young and his wife Shelia Young of Overgard, Arizona, were convicted of tax fraud arising from their preparation of tax returns that claimed millions in bogus tax refunds.  The returns claimed refunds of $12,000 to more than $368,000.

Income Tax Law Complicates Donations to Hotshot Families

Arizona Republic:  “Tax concerns could force the families of the 19 hotshots killed in the Yarnell Hill Fire to wait until next year to receive their share of $4.7million in donations collected in the wake of the tragedy.  Officials with two firefighters associations in Phoenix and Prescott, which have collected more in donations than any other groups, said Friday that they are worried the families could receive the cash only to be hit with a giant tax bill.”

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