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 The Midland Reporter-Telegram accepts nominations for the MRT Readers’…
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 efficient. While the bill’s main objective is to address climate…
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 everything you can to bolster it. You hear that there…
IRS identity verification letters are triggered by suspicious return patterns or inconsistencies in filing. Common triggers include changes in address, refund amounts, dependents, deductions, or return timing. IRS never calls or emails to verify identity—official communication is only by mail…
Authored by: W. Dale Westenskow, CPA, Haynie Partner It looks like the wealthy are on track for a tax increase under President Joe Biden. Is it time to reconfigure retirement strategies to lessen a financial blow in the future? One…
Haynie is honored to be a 2023 Best of SLC nominee. We’d like to thank all of our clients who voted to nominate us. Only ten Accounting firms were recognized, and we are truly thankful for this honor. Being nominated…
Haynie is proud to announce that we have been recognized by Accounting Today as a Top 100 Firm for the second consecutive year. This year we are ranked 84 in the nation, from 93, and the second-largest CPA firm in…
Account holders who have IRAs and are turning 72 years old this year and have received RMD statements can disregard them. Financial institutions that are responsible for maintaining IRAs must inform their account holders about the required minimum distributions by…
Authored by Haynie Partner Bernard Abercrombie, CPA During this busy tax season, we see several items presented to us by clients that require us to explain how something needs to be handled or what we need more information on. One of…
The SALT deduction has been a longstanding benefit for taxpayers who pay state and local taxes. However, recent limitations to the SALT deduction have left taxpayers in high-tax states looking for alternatives. One such option is the PTE tax election,…
