Oops, You Overfunded Your 529 Plan
If money is held too long in a Section 529 college savings plan, there could be tax consequences. This article describes alternatives for savers who have overfunded their accounts. Oops, you...
08 November, 2021
Tax Planning Tag
Worker Classification is Still Important
If a business engages independent contractors to address staffing needs, it needs to be careful that these workers are properly classified for federal tax purposes. This article reviews the general...
08 November, 2021
Get an IRS Identity Protection PIN
ACTION REQUIRED! We strongly recommend all individual taxpayers apply for an IRS issued Identity Protection Personal Identification Number (IP PIN). This is an extra step to help prevent tax fraud....
04 November, 2021
Save Taxes Next Year, Regardless of What Happens in Congress
Year-end tax planning may help you save taxes, regardless of what happens in Congress Many popular tax-planning strategies are in question as Congress debates how to pay for their $3.5 trillion...
28 September, 2021
Child Tax Credit Payments: Make Changes by Aug 30 for Sept
Authored by the IRS: IR-2021-171, August 20, 2021The Internal Revenue Service has launched a new feature allowing any family receiving monthly Child Tax Credit payments to quickly and easily update...
23 August, 2021
Trusts 101
Authored by Haynie & Company Partner Bernard Abercrombie, CPA DO YOU NEED A TRUST? Every year we receive questions from clients about whether they should set up one or more trusts. The...
28 July, 2021
Tax Savings from Texas Winter Freeze
Authored by Haynie & Company Partner Bernard Abercrombie, CPAIn February of this year, Texas suffered through an unprecedented winter freeze. Many suffered damage because of the freeze, all the way...
28 July, 2021
Advance Child Tax Credit Payments Starting July 2021
Advance Child Tax Credit Payments Starting July 2021 Important changes to the Child Tax Credit will help many families get advance payments of the credit starting this summer. The IRS will...
23 June, 2021