Kris Mayes, along with Warren Peterson, are contacting the IRS commissioner to argue with the ruling of taxing a rebate given to families in Arizona.
Kris Mayes And Warren Peterson stated that taxing a rebate won’t help families save money and would make the tax season a lot harder for them. (Photo: Arizona Mirror)
Kris Mayes And Warren Peterson’s Plea To The IRS
Arizona Attorney General Kris Mayes and Senate President Warren Petersen are urging the IRS to not tax a rebate that was given to around 700,000 Arizona families.
The rebate Kris Mayes and Warren Peterson are talking about, which maxed out at $750 per family, was given to eligible families in the fall.
The IRS has deemed this rebate as miscellaneous income and subject to taxation, a decision that Kris Mayes and Warren Peterson find arbitrary and inconsistent with IRS decisions in other states. Kris Mayes has stated that legal action may be considered if the IRS does not reverse its decision.
Petersen, along with Kris Mayes, argues that the rebate should be exempt from federal tax under the federal COVID-19 emergency and General Welfare Exclusion standards.
According to a published article by SmartNews, the Arizona Department of Revenue website states that the 1099-MISC form for the rebate, Kris Mayes and Warren Peterson are concerned about, will be available on January 31.
Arguments Against The Ruling By The IRS
In a published article by KTAR News, Kris Mayes and Warren Petersen have both contacted the IRS Commissioner to argue against the ruling, stating that the rebates should be non-taxable to save families money and simplify the filing process.
Kris Mayes and Warren Petersen emphasized the need for prompt action from the IRS before tax season begins.
