Lisa and the Law
Welcome to Lisa and the Law, the official blog of Thompson Law Group. Information is power and here is where you get some. We understand that running a business can be overwhelming so we will provide timely insights on business law matters and practical advice for business owners. Stay tuned for updates on the law, news you can use, and actionable advice from an experienced business law attorney.
FREE Business Law Seminar Series begins next week
I am excited to present for AZ Legal Talks (an offshoot of the Arizona Superior Court Library education program). We will be presenting 4 lunchtime presentations on various business law...
Final Deadline for filing personal Income Tax Returns is October 15, 2025
YIKES!!! Is it already October??? Time flies and personal income tax returns are due on October 15, 2025. If you are expecting a refund, be sure to request it be...
The IRS will NO longer accept or send paper checks
Effective September 30, 2025, the IRS will no longer accept paper checks or money orders for payment of any taxes. The IRS will also no longer send paper checks for...
Arizona law protects homesteads of business owners
Arizona law protects homeowners from creditors by providing an exemption of $425,200 in equity for a primary residence. Effective September 26, 2025 that protection will be extended to all types...
Getting Ready to File your 2024 Personal Income Tax Returns, request electronic payment of any refund
As of October 1, 2025, the IRS will no longer be sending paper checks to pay tax refunds. If you are on an extension for filing your personal income tax...
Arizona 2026 TPT License Renewals will be open in late October
Recently, the Arizona Department of Revenue sent emails to some business owners regarding renewal of their TPT licenses in error. TPT license renewals will be open in late October 2025...
Should a non-profit really be non-profit?
If you are operating a non-profit organization, you SHOULD be making a profit, but you SHOULD NOT use it for anything other than the charitable mission of your organization. Sadly,...
Current time to obtain tax exempt status is approximately 11 months
One of my clients just received a letter approving the corporation’s tax-exempt status under IRS code 501(c)(3). Caveat, the request for tax exempt status was filed in September 2024 by...
What makes a non-profit charity a non-profit?
A corporation is NOT a non-profit (not-for-profit) until it applies for tax exempt status with the Internal Revenue Service (“IRS”) AND the IRS grants it to the corporation. Filing Articles...
Tax Credits for Health Care Insurance Enrollees on the Marketplace ending
The One Big Beautiful Bill Act (“OBBBA”), signed by the President on July 2, 2025 did not extend enhanced premium credits for the Affordable Care Act (“ACA”) health insurance marketplace...