Hagen CPA, LLC

08/28/2026

Too often a charitable tax deduction is disallowed upon review by the IRS. Don't let this happen to you. Here is what you need to know.

08/21/2026

The IRS often sees the transfer of funds as a loan, whether there is a loan agreement or not. This also means there is an implied term and interest payment. When the IRS says a transaction is a loan, what interest rate do they use? Enter AFRs. Here is what you need to know.

08/18/2026

08/16/2026

Huge shoutout to the Hagen CPA team for supporting Milton Youth Football! 🏈 A big thank you to Jeremy & Vern for getting out there and playing!"

08/14/2026

As your children age, you can easily be surprised by a larger tax bill. To help ease the possible burden, here are some possible tax hits to prepare for as your children grow older.

08/13/2026

🚛🚨 TRUCK OWNERS & OPERATORS: Is Your Form 2290 Ready? 🚨🚛

If your vehicle weighs 55,000 lbs or more, it is time to file your Heavy Highway Vehicle Use Tax (HVUT).

📅 Tax Period: July 1, 2026 – June 30, 2027
⏰ Main Deadline: August 31, 2026 (for any vehicles first used on the road in July 2026). If your truck hits the road in a different month, your deadline is the last day of the following month, and your tax will be prorated.
🚜 Low-Mileage Rules: Expected to drive 5,000 miles or fewer (7,500 for farm vehicles)? You still must file, but your tax will be suspended.
⚡ Pro-Tip: E-file your form to get your stamped Schedule 1 proof of payment in minutes instead of weeks! It is required if you manage 25+ vehicles.
🪪 Your stamped Schedule 1 is your proof of payment needed for state vehicle registration!

🔗 Visit IRS.gov to find an approved e-file provider and view the official deadline table.

Need help understanding your tax filing requirements? Hagen CPA is here to help.

08/12/2026

Taxpayers who have made or plan to make charitable donations during the year should keep good records of all their contributions.
Organized records can make tax filing easier and help support a deduction if it's claimed on a federal tax return.
Here are some tips to help taxpayers keep track of charitable donations: