by Logan Creek Creative | Jan 17, 2023 | TAX TIPS
In a last minute about face, the IRS is rolling back the requirement for third-party payment providers to issue 1099-Ks for anyone receiving payments over $600 in 2022. They are moving the reporting requirement back to $20,000 in acti:vity and 200 or more transactions...
by Logan Creek Creative | Dec 12, 2022 | TAX TIPS
Making charitable donations or practicing regular charitable giving—either through donating money, goods, or time—is undoubtedly a good habit. It’s important to give back, particularly if you’ve achieved success. You can even think of paying it forward, if...
by Logan Creek Creative | Dec 2, 2022 | TAX TIPS
One way to reduce your tax bill this year is to donate appreciated stock to a charity of your choice versus making a cash donation. While this will be a tough challenge in today’s market, it is still one of the best tax planning strategies available to you. This...
by Logan Creek Creative | Nov 21, 2022 | TAX TIPS
Plan Your 2023 Retirement Contributions As part of your planning for next year, now is the time to review funding your retirement accounts in 2023. Recent cost of living calculations means much higher contribution limits for next year. Plus the higher income phaseouts...
by Logan Creek Creative | Nov 14, 2022 | TAX TIPS
Highest Taxed Income in America And everyone seems happy to pay Tip Category: Your Income Now that the dust has settled on the big lottery winnings, it is worthwhile to see how the tax math works. Seen in the light of day, it is a great way for federal and state...
