by Logan Creek Creative | Dec 16, 2024 | Uncategorized
Each year the IRS publishes the top dozen tax scams it encounters over the prior year. One of them that makes an all too common appearance on their list is the phishing scam. Here is what you need to know. Phishing requires bait...
by Logan Creek Creative | Dec 7, 2024 | Uncategorized
As part of your planning for next year, now is the time to review funding your retirement accounts in 2025. Recent cost of living calculations means much higher contribution limits for next year. Plus the higher income phaseouts for eligibility will make many more...
by Logan Creek Creative | Nov 26, 2024 | Uncategorized
If you were married, divorced, or changed your name for any reason during the past year, do not forget to file to change your name prior to preparing next year’s tax return. The IRS automatically conducts a...
by Logan Creek Creative | Oct 14, 2024 | Uncategorized
Each of us needs to keep records that substantiate our tax return or other important life events for as long as they are needed. So what does this mean? The basic retention period. Federal tax return substantiation is generally three years from the later of the...
by Logan Creek Creative | Feb 20, 2023 | Uncategorized
More than 90% of individual tax returns are now filed electronically, and usually the process goes smoothly. When an e-filed tax return is rejected, however, e-filing can become more complicated. Common causes for rejected tax returns Simple filing errors. Most...
by Logan Creek Creative | Nov 8, 2022 | Uncategorized
The IRS recently announced in drafted instructions to the 2022 Form 1065 new relief provisions for filing Schedules K-2 and K-3. First introduced with the 2021 tax filing season, the intent of Schedule K-2 and K-3 is to provide the IRS and partners with detailed...
