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HAGY & ASSOCIATES, P.C.
CERTIFIED PUBLIC ACCOUNTANTS
Home
Newsletters
Taxation of IRA investments in Certain Partnerships
The AICPA recently published an article that Janet wrote about how to minimize the tax upon sale of Master Limited Partnership interests held in IRA accounts....
Guide to Residential Real Estate Deductions
Janet's article about residential real estate under the new tax laws was published in both the Journal of Accountancy (May 2019) and The Tax Adviser (April 2019)....
White House Aims To Lower IRS Budget
The White House is looking to lower the Internal Revenue Service budget by $1.4 billion in fiscal year 2027....
Final Reg Expands, Clarifies Occupations Eligible for "No Tax on Tips" Deduction (TD 10044; IR 2026-49)
The IRS has issued final regulations for the "no tax on tips" deduction under Code Sec. 224, which was enacted as part of the the One Big Beautiful Bill Act (OBBBA) (P.L. 119-21). The final regulat...
IRS Updates FAQs on Educational Assistance Programs (FS-2026-10; IR 2026-55)
The IRS issued updated frequently asked questions (FAQs) addressing educational assistance programs under Code Sec. 127. The FAQs provide general guidance on eligibility, tax treatment of benefits, a...
IRS Issues Guidance on Designating Population Census Tracts as QOZs (Rev. Proc. 2026-14; IR 2026-45)
The IRS has issued procedures for nominating population census tracts that would be designated as qualified opportunity zones (QOZs). The tracts would designated as QOZs effective on January 1, 2027. ...
Waiver of Additions to Tax for Underpayment of Estimated Income Tax by Qualifying Farmers and Fishermen Provided (Notice 2026-24)
The IRS has provided a waiver of the addition to tax under Code Sec. 6654 for the underpayment of estimated income tax by qualifying farmers and fishermen....
Population Figures Provided for Calculating Low-Income Housing Tax Credits (Notice 2026-22)
State and local housing credit agencies that allocate low-income housing tax credits and states and other issuers of tax-exempt private activity bonds have been provided with a listing of the proper p...
IRS CEO Bisignano Defends And Deflects Before Senate Committee
Internal Revenue Service CEO Frank Bisignano promoted some of the highlights of the 2026 tax filing season before a congressional committee while deflecting questions about data leaks and other issues...
Taxpayer Advocacy Panel Releases 2025 Annual Report (IR-2026-57)
The Taxpayer Advocacy Panel (TAP) has released its 2025 Annual Report. The report highlighted accomplishments and ongoing efforts to (1) strengthen IRS delivery; (2) improve communications with taxpa...

BIG NEWS! – I’M NOT RETIRING!

But I am pleased to announce the merger of Hagy & Associates with LPF, PLLC.

Effective August 16, 2022, I will be a partner in LPF, PLLC. 

This merger will not affect any work we have in progress right now or for the upcoming deadlines.  We will still be in our same office with the same staff, email and phone numbers, and billing rates.  After October 17, the same familiar faces will be at: 

3200 Steck Avenue, Suite 200

Austin, TX 78757 

I want to introduce you my partners, Tom Panagiotou and Alex Furner, when you have time.  I chose them for their professional expertise and compatible firm culture.  We are all available to answer any questions or concerns you may have regarding this merger or any other tax matter. 

LPF, PLLC is an established Austin CPA firm.  Please check out our website.   www.lpfcpa.com

I am delighted with this merger. I am getting older, but I am not ready to retire. This merger will allow me to continue to do the job I love with the clients and staff I treasure until I have to hang up my calculator. 

Thank you for your business and friendship over the years.  We look forward to serving you for many more to come. 




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