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...
Authored by Haynie & Company 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...
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...
Adding your kids to your bank account or home deed can create a host of legal, financial, and tax issues that can leave you and your loved ones vulnerable to...
If you are an employer or benefits administrator, it is important to stay up-to-date on the latest benefit plan limits and thresholds to ensure that your plans are in compliance...
100% Bonus depreciation is a tax provision that allows businesses to deduct the cost of certain qualifying property in the year it is placed in service rather than having to...
The end of the year is fast approaching, and with it comes the opportunity to reassess your tax and financial circumstances. Learn about strategies to help minimize your taxes for...
The USDA released a new program called the Pandemic Assistance Revenue Program (PARP) to provide additional assistance to farmers that suffered at least a 15% loss in gross revenue in...