Located in the heart of McDonough, GA (only 30 minutes south of Atlanta), Laura S. Crumbley CPA, P.C. offers over 30 years of hands on client experience, as well as cutting edge expertise in the realm of tax and financial services.

When it comes to our clients, nothing matters more than the details. Because your name is more than a box on a form. Its an introduction.

TAX NEWS

IRS warns about more tax scams

The IRS said scams involving the fuel tax credit, the sick and family leave credit, and household employment taxes led thousands of taxpayers to file inflated refund claims. [...]

Regulations finalize PTIN fees for tax return preparers

The IRS was required to reduce the charge for preparer tax identification numbers after a federal court found the previous amount excessive. The final regulations adopt the text of interim final and proposed regulations issued in 2023 without change. [...]

HSA inflation-adjusted maximum contribution amounts for 2025 announced

After steep increases for 2024, the HSA maximum contribution amounts allowed by the IRS still increase for 2025, but not by as much, as the rate of inflation slowed. [...]

Foreign trust transactions and large gifts addressed in proposed regs.

The proposed regulations implement Secs. 643(i), 679, 6039F, 6048, and 6677, which were added or modified to prevent efforts by U.S. taxpayers to use foreign trusts and offshore arrangements to avoid U.S. taxes. [...]

Final regs. issued for new, previously owned clean vehicle credits

The final regulations, which the IRS issued Friday, also provide rules regarding the critical mineral and battery component requirements for the new clean vehicle credit, and they add a new test for mineral content. [...]