Options When You Are Unable to Pay Your Tax Bill
Tax season is upon us again, and this time of year can be stressful for many taxpayers. Not only do you have to gather all your financial documents for your...
04 April, 2023
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Understanding Sole Proprietorships, Single-Member LLCs, and the Schedule C
If you earn income as a freelancer, independent contractor, or from a side gig, you'll likely do so as a sole proprietor or single-member LLC and report your income on...
04 April, 2023
Understanding Revenue Ruling 2023-02: Implications for Irrevocable Grantor Trusts
The IRS issued Revenue Ruling 2023-02, which clarifies the treatment of assets in irrevocable grantor trusts for tax purposes. This ruling aims to curb potential abuse of the stepped-up basis...
04 April, 2023
Nominate Haynie & Company! MRT Readers’ Choice Awards
The 2023 MRT Readers' Choice Awards nominations are here! Residents in the Permian Basin area are eligible to vote. Nominate your favorite businesses April 3 - May 1, 2023. Each year...
03 April, 2023
Tax Credits for Energy-Efficient Home Improvements
If you were looking to make a few home improvements, you might save some money on your projects under the Inflation Reduction Act, if you make your home more energy...
03 April, 2023
10 Things to Know About Credit Scores
Once you get above a certain age, you start hearing about a magical thing called a credit score. You hear that everybody has one and that you need to do...
02 April, 2023
Verifying Your Identity with the IRS
✅ Key Takeaways: Identity Verification Process with the IRSIRS identity verification letters are triggered by suspicious return patterns or inconsistencies in filing.Common triggers include changes in address, refund amounts, dependents,...
02 April, 2023
Is 2024 the Year to Consider a Roth Conversion?
Authored by: W. Dale Westenskow, CPA, Haynie & Company Partner Is It Time For A Roth Conversion? It looks like the wealthy are on track for a tax increase under President Joe...
31 March, 2023