by Logan Creek Creative | Jun 21, 2021 | TAX TIPS
Turning Your Hobby Into a Business You’ve loved dogs all your life so you decide to start a dog training business. Turning your hobby into a business can provide tax benefits if you do it right. But it can create a big tax headache if you do it wrong. One of the main...
by Logan Creek Creative | Jun 14, 2021 | TAX TIPS
Now is the time to make your estimated tax payment If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The second quarter due date is now here. Due date: Tuesday, June 15, 2021...
by Logan Creek Creative | Jun 7, 2021 | TAX TIPS
Don’t Lose Your Refund! The tax filing due date often brings a sigh of relief to most taxpayers. Unfortunately, every tax day also closes the window on the ability to claim a refund. According to the IRS, in 2017 up to 1.4 million individuals representing $1.35...
by Logan Creek Creative | May 28, 2021 | TAX TIPS
If you receive a notice from the IRS, do not automatically assume it is correct and submit payment to make it go away. Because of all the recent tax law changes and so little time to implement the changes, the IRS can be wrong more often than you think. These IRS...
by Logan Creek Creative | May 24, 2021 | TAX TIPS
Forced to Withdraw from Retirement Accounts?!?!? What you need to know We’re always being reminded to save for retirement in tax-advantaged accounts like 401(k)s or IRAs. But did you know the government does an about-face and forces us to take money out of...
by Logan Creek Creative | May 17, 2021 | TAX TIPS
Who Pays What? There will be a lot of political rhetoric about increasing the national debt with trillions more in spending, adding billions to allow the IRS to audit high income taxpayers, and creating more changes in the tax code in the next few months. To help you...
