June 2020 Individual Due Dates June 1 - Final Due Date for IRA Trustees to Issue Form 5498 Final due date for IRA trustees to issue Form 5498, providing IRA owners with the fair market value (FMV) of their IRA accounts as of December 31, 2019. The FMV...
It's not junk mail! Millions of people will get their Economic Impact Payment by prepaid debit card. Don't throw yours away thinking it is just another credit card solicitation! Nearly four million people are being sent their Economic Impact Payment by prepaid debit card, instead of...
PPP loan forgiveness questions? Learn how to maximize your approval for loan forgiveness and understand the new Forgiveness Application (released on May 15). Haynie & Company and NOW CFO will team up to educate and discuss how to utilize the forgiveness within the PPP SBA loan and...
PPP Loan Forgiveness Application-At Least Some Guidance! On May 15, 2020, the SBA issued a PPP Loan Forgiveness Application which provided clarifications to several outstanding questions. Many questions are still outstanding, but we are off to a good start. The Application goes through a series of...
On May 15, 2020, the SBA released the PPP Loan Forgiveness Application. This brings more clarification to some unanswered questions. The application and instructions include the following: Options for borrowers to calculate payroll costs using an “alternative payroll covered period” that aligns with borrowers’ regular payroll...
Haynie & Company Partner Lynne Abercrombie, CPA will be a guest speaker during the PrimeGlobal Woman’s Conference in June. Lynne’s experience and leadership is a valuable addition to the conference. She will be featured on a panel exploring how women in tax can thrive in...
Bernard Abercrombie, CPA has over 40 years of experience serving Montgomery County and The Woodlands, Texas area. Bernard was recently the featured guest on Montgomery County Hispanic Chamber's Business Builders Series. Bernard spoke about government benefits now available to small businesses and families due to...
Some taxpayers have received Economic Impact Payments in error for deceased family members or for other reasons. On May 11, 2020 the IRS updated instructions on how to return a mistaken Economic Impact Payment. View Q.48 in the IRS Information Center. If the payment was a...
