In most cases, charitable gifts are deducted by taxpayers who itemize. Those donations are claimed on Schedule A of their annual tax return. However, this year, the Coronavirus Aid, Relief and Economic Security (CARES) Act expanded the donation deduction to…
The Health Savings Account (HSA) is one of the most misunderstood and underused benefits in the Internal Revenue Code. Congress created HSAs as a way for individuals with high-deductible health plans (HDHPs) to save for medical expenses that are not…
As part of the CARES Act, Congress provided temporary relief for homeowners with federally backed mortgages who were financially impacted by COVID-19. For those unable to keep up with their home mortgage payments, the relief provides mortgage forbearance and a…
Times have changed, and many teams around the world are finding themselves in a new telecommuting ecosystem that has brought various challenges that go along with it. Whether your employees are new to working from home or have always been…
The Internal Revenue Service has announced it will reopen the registration period for federal beneficiaries with children who didn’t receive a $500 per child Economic Impact (stimulus) Payment earlier this year. Learn more. When to Apply – The IRS urges certain…
Each Fall, Haynie staff look forward to meeting with accounting students at local university’s career events. It’s a great way for us to share career insight and introduce students to Haynie culture. Students can also get information about internships and…
Authored by the Internal Revenue Service: IR-2020-183, August 18, 2020 This week the IRS will send interest payments to about 13.9 million individual taxpayers who timely filed their 2019 federal income tax returns and are receiving refunds. The interest payments,…
President Trump issued a Presidential Memorandum, that directs the Treasury Secretary to use his authority to defer the withholding, deposit and payment of employees’ portions of Social Security taxes from September 1 through December 31, 2020. The goal is to…
Haynie is excited to announce the acquisition of two exceptional CPA firms in Idaho and Texas. As a result of the recent expansion, there are now over 330 Haynie employees across six states and 15 office locations. In addition to…
Haynie is excited to announce the acquisition of Joe L Torres, PC as of September 1, 2020. Joe L Torres, PC is a growing CPA firm located in Odessa, Texas with a satellite office in Midland, Texas. We would like…
