by Logan Creek Creative | Mar 9, 2021 | TAX TIPS
Defending Fair Market Value Fair market value (FMV) is the price that property would sell for on the open market. It is the price that would be agreed on between a willing buyer and a willing seller, with neither being required to act, and both having reasonable...
by Logan Creek Creative | Mar 4, 2021 | TAX TIPS
Most of us go through life without being concerned with, or ever checking on, our Social Security records. We assume the money deducted each payday and an equal amount paid in by our employer is applied properly to this valuable retirement benefit. Ignoring is...
by Logan Creek Creative | Feb 26, 2021 | TAX TIPS
Your grandson needs a car, but cannot afford the payments. As a favor, you provide the $25,000 to purchase the car. You tell your grandson to pay you back when he can, but there is no loan document. The IRS sees this payment during an audit and asks you where your...
by Logan Creek Creative | Feb 12, 2021 | TAX TIPS
Here are six tax topics that seem innocent but can cause problems if not handled correctly. 1. Gambling winnings. If you receive a tax form at a casino for your winnings, that information is sent to the tax authorities. Since the form typically only contains the...
by Logan Creek Creative | Feb 8, 2021 | TAX TIPS
In an effort to help you organize your tax information, we are providing you a tax checklist. There have been a lot of tax law changes for 2020. If you have questions as you go through the checklist please call our office. The link below will take you to our...
