Get AZ 285-PMC 2022-2024

Business License - Arizona does not issue nor require a state business license, however, most city/town offices issue business licenses.

You must be licensed and pay tax if you are in the business of leasing, licensing or renting residential real property located within the city of Phoenix. Examples of residential rentals include houses, apartments, single family homes, condominiums, townhomes, manufactured homes, and mobile home (trailer) spaces.

Special or limited power of attorney in Arizona gives your agent authority to act on behalf of the principal, but only under specified circumstances. For example, authority can be granted to an agent to withdraw money, run a business, cash checks, or buy and sell a home.

Learn How to Complete the Arizona Form 285, General Disclosure/Representation Authorization Form. A taxpayer may use Arizona Form 285 to authorize the department to release confidential information to the taxpayer's Appointee.

Every residential rental property owner with taxable rental property is required to obtain an Arizona transaction privilege tax license from the Arizona Department of Revenue for each location where residential rental income is taxable.

Source Links Benefits of Becoming a Landlord in Arizona. Familiarize Yourself with Landlord-Tenant Laws in Arizona. Obtain Necessary Licenses and Permits. Find a Property to Rent Out. Prepare the Property for Tenants. Set Rental Terms and Advertise the Property. Screen Potential Tenants. Sign a Lease Agreement.

An Arizona tax power of attorney (Form 285-I) allows a principal to give agent-specific tax-related power of attorney in the event they find themselves unable to work directly with the state Department of Finance.

Residential rental properties are also subject to tax, known as transaction privilege tax (TPT), and imposed when engaged in business under the residential rental classification by the Model City Tax Code. Some cities, not all, opt to tax residential rental income.