Last year the AZ Tax Credit For The Working Poor got better as the so called base period restriction was removed.
This year, the Arizona Department of Revenue (AZ DOR) is tasked with making sure all the charities on the list for this credit meet the condition that 50% or more of every dollar donated goes directly toward assisting the working poor, so they sent out a questionnaire to every charity on the 2009 list. Several responded, “Yeah, yeah, we know, we do not qualify.” Others have not responded at all. The net result is the 2010 list of eligible organizations is much shorter that the one for 2009.
Before you donate to a charity expecting to receive this credit you may want to check to see if they are still on the list.
Just because the charity doesn’t appear on the list doesn’t mean you can’t make a charitable contribution to them and take a deduction, it merely means you will not be eligible for this Tax Credit.
Also just because your favorite charity has not yet showed up on the list, doesn’t mean that they won’t; it means they have not completed the questionnaire and returned it to the AZ DOR. Until they do they will not be a charity eligible for the tax credit in 2010.
In other news, this year the AZ DOR is NOT distributing 2009 Income Tax Forms at the local post offices nor at local libraries. They will NOT mail them even if you call to order one. The only ways to get the income tax forms is from an AZ DOR office or to download it from their website: http://www.azdor.gov/Forms/Individual.aspx. If you follow the links to the AZ DOR website, please be advised that you’re navigating away from ArtAndBusinessConsulting.com and you will be subject to their policies-we do not know what they are nor do we have control of them.
If you need help with these issues or any other, remember, small business services and taxation are our business. Please give Art & Business Consulting a call. We would love to engage you as a client.
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