Humphrey CPA LLC

11/04/2024

https://www.facebook.com/dialog/share?app_id=1831529093792889&display=popup&href=https%3A%2F%2Fwww.accountingtoday.com%2Fnews%2Firs-increases-401k-limit-for-2025-but-keeps-ira-limit-the-same

04/15/2021

Commissioner Charles Rettig left open the possibility that there may be delays.

03/13/2021

If you received unemployment income during 2020, take note

The IRS has informed NATP that it’s reviewing implementation plans for the newly enacted American Rescue Plan Act of 2021. Additional information about a new round of economic impact payments, the expanded child tax credit, including advance payments, and other tax provisions will be made availabl...

02/23/2021

Small businesses account for 44 percent of U.S. GDP, create two-thirds of net new jobs, and employ nearly half of America’s workers. Now, millions of main street small businesses – especially Black- and Brown-owned small businesses – are struggling to make ends meet in the wake of the COVID-19...

11/25/2020

The guidance clears up the tax treatment of expenses when a loan from the Paycheck Protection Program hasn’t been forgiven by the end of the year.

11/03/2020

The IRS is making some changes in its collection program to lessen the burden on taxpayers with outstanding tax debts who are trying to cope with the economic fallout of the COVID-19 pandemic.

12/13/2019

Trends in the market and tax law changes introduced by tax reform have created a perfect storm for REIT investors.

12/12/2019

If the IRS says we're going to live longer, it must be so. Be aware that they are changing the Required Minimum Distributions for your IRA accounts, qualified retirement plans and annuities for the first time since 2002!

IRS says that we are going to live a little longer (or at least the RMD tables say that). In newly released proposed regulations, the IRS updated the life expectancy tables used for calculating

10/30/2019

The Internal Revenue Service is cautioning taxpayers and tax professionals to beware of a new twist on an old scam.

09/09/2019

https://financialhotspot.com/2019/09/03/using-a-529-plan-to-save-for-college/

Funds saved in a 529 plan can be used to pay tuition and fees associated with college or graduate school.

12/19/2018

Merry Christmas

11/29/2018

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