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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)....
IRS Details New Deductions for Tips, Overtime, Car Loans, and Seniors (FS-2025-03)
The IRS has outlined key provisions of the One Big Beautiful Bill Act (P.L. 119-21), signed into law on July 4, 2025, that introduce new deductions beginning in tax year 2025. The deductions apply thr...
GAO Report Highlights IRS Challenges To IRS Improving The Taxpayer Experience
Funding uncertainty and a constantly changing tax law environment are presenting challenges to the Internal Revenue Service as it works to meet legislative and executive mandates to improve the taxpay...
Large Corporation Audits Down As IRS Focuses On High-Income Individuals And Partnerships
Audits on high-income individuals and partnerships have increased in recent years as audits on large corporations have decreased in response to the Internal Revenue Service’s focus on the former gro...
IRS Addresses Withholding and Reporting for Uncashed and Reissued Retirement Plan Checks (Rev. Rul. 2025-15)
The IRS has released guidance clarifying the withholding and reporting obligations for employers and plan administrators when a retirement plan distribution check is uncashed and later reissued....
Treasury and IRS Withdraw Proposed Regulations on Built-in Gain and Loss (REG-125710-18)
The Treasury Department and the IRS have withdrawn proposed rules addressing the treatment of built-in income, gain, deduction, and loss taken into account by a loss corporation after an ownership cha...
Rule on Gross Proceeds Reporting by Brokers Removed from CFR, T.D. 10021
The Treasury and IRS removed this final rule from the Code of Federal Regulations (CFR) that involved gross proceeds reporting by brokers for effectuating digital asset sales....
Staffing Issues Lead 2026 Challenges For IRS – NTA (IR-2025-71)
A more then 25 percent reduction in the Internal Revenue Service workforce will likely present some significant challenges on the heels of a 2025 tax season described as a "measured success," accord...
ETAAC Issues 2025 Annual Report with Recommendations to Congress and IRS (IR-2025-72)
The Internal Revenue Service Electronic Tax Administration Advisory Committee (ETAAC) released its 2025 annual report during a public meeting in Washington, D.C., outlining 14 recommendations—ten ...

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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