Blog and News

Nov
09
2020

Reminder to all taxpayers: Gift cards are not used to make tax payments

Reminder to all taxpayers: Gift cards are not used to make tax payments | Internal Revenue Service https://bit.ly/2UbLuIa

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Nov
05
2020

IRS provides tax inflation adjustments for tax year 2021

IRS provides tax inflation adjustments for tax year 2021 | Internal Revenue Service https://bit.ly/2HVREJi

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Nov
03
2020

HBL CPAs wears purple in support for survivors of domestic violence. Wear Purple Day! HBL CPAs shows its support for EMERGE! and their efforts in bringing awareness throughout our community to help end domestic violence.

Nov
02
2020

2021 Federal gift and estate tax exemption

The 2021 federal gift and estate tax exemption will be increasing by $120,000 to $11,700,000. The amount currently is $11,580,000. The Tax Cuts and Jobs Act doubled the exemption base amount from $5 million to $10 million, with the amount indexed for inflation. Be aware that although the doubled amount will continue to be adjusted annually for inflation, it expires after 2025. Without further legislation, the gift and estate tax exemption will return to an inflation-adjusted $5 million in 2026.

Jun
23
2020

Keep Economic Impact Payment notice with other tax records

Keep Economic Impact Payment notice with other tax records | Internal Revenue Service https://bit.ly/2Yr8gyv

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Jun
18
2020

Returning an Economic Impact Payment

Returning an Economic Impact Payment | Internal Revenue Service https://bit.ly/30SOYnc

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Jun
08
2020

IRS warns against COVID-19 fraud

IRS warns against COVID-19 fraud; other financial schemes | Internal Revenue Service https://bit.ly/3h6fOht

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May
14
2020

Be wary of charity requests in wake of COVID-19

Be wary of charity requests in wake of COVID-19 https://bit.ly/2Z5KrNo

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May
04
2020

VA and SSI recipients act now to add eligible children to Economic Impact Payment

VA and SSI recipients act now to add eligible children to Economic Impact Payment | Internal Revenue Service https://bit.ly/3aZgvVp

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Apr
13
2020

AZ Clients REMINDER

April 15, 2020 DUE DATE FOR AZ Tax Credits and 1st Quarter Estimates