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...
by Logan Creek Creative | Feb 6, 2021 | TAX TIPS
New one-time use PIN option available for all The IRS is expanding a pilot program that uses Identity Protection Personal Information Numbers (IP PINs) to provide an extra layer of security for all taxpayers. Here is what you need to know. IP PIN program details The...
by Logan Creek Creative | Jan 29, 2021 | TAX TIPS
Virtually every small business, including sole-proprietors, must issue at least one 1099 each year. And this year there is a new one called the 1099 NEC. Here is a summary of the most common of these informational tax forms that you will need to file your tax return...
