It’s that time again – Tax Filing Season!
That means you need to start gathering your important tax documents for this year’s return preparation. For Loggins Kern & McCombs employees, [Read more…]
New Withholding Tables Issued
January 12, 2018 by · Leave a Comment
The IRS has issued new income tax withholding tables for 2018 due to major changes in the new tax law. Everyone should take a look at your withholding to make sure you’re deducting the correct amount of taxes under the new legislation. [Read more…]
Going for the (Taxation) Gold
August 19, 2016 by · Leave a Comment
As we all sit back in our easy chair to enjoy the summer Olympics, Uncle Sam is getting ready to rake in the taxes. That’s right, each Olympian is awarded a cash payout in addition to the medal. Well, the Internal Revenue Service treats all the winnings the same way they do our paychecks, by taxing it as income. The cash is considered “earned income abroad” equal to $25,000 for gold, $15,000 for silver and $10,000 for bronze plus the value of the medal itself. [Read more…]
Prevent Tax-Time Surprises
July 28, 2016 by · Leave a Comment
No one usually wants to get a surprise when filing their tax return. Summer is a good time to take a look at your withholding to make sure you don’t get blind-sided next tax season. There are many life events that can have an impact on your taxes, meaning the amount you get back or worst, the amount you owe. Loggins Kern & McCombs can assist you with making the right withholding decisions based on your specific tax situation. If you have experienced or expect to experience any of the following events before the end of the year, contact our office to avoid any surprises.
- Start a New Job
- Become Self-Employed
- Get Married
- Birth of Child
- Adoption
- New Home
Unlimited Representation Before the IRS
July 18, 2016 by · Leave a Comment
If you receive an IRS notice or are selected for an audit, then one of your rights as a taxpayer is to have unlimited representation by a credentialed tax practitioner to act on your behalf. New for 2016 is the addition of the word “unlimited“. This means that professionals who fall under this category can represent you regardless of whether or not they prepared your tax return. A Certified Public Accountant (CPA) is an example of one of those tax practitioners. Loggins Kern & McCombs has been a certified tax practitioner for over thirty years and represented many clients before the Internal Revenue Service. [Read more…]
October Deadline
September 28, 2015 by · Leave a Comment
For those you who filed an extension on your 2014 individual tax return, the deadline to file is right around the corner. According to the IRS, about a quarter of the 13 million taxpayers who filed an extension have yet to file their return. The October 15th deadline is only a couple of weeks away so we encourage you to get your tax documents to us as soon as possible to allow adequate preparation time.
If you need to make an appointment, call our office today at 770-478-7424. You may not realize it, but you don’t “have” to come into the office for an appointment. We have many clients who send their documents in the mail with a follow-up phone consultation if necessary. When mailing tax-related documents to our office, it is best to do so in a way that can be tracked through the post office or other shipping service (UPS or FedEx). We also have clients who scan and email their support documents which is a viable and time-saving option. The countdown is on – We hope to hear from you soon!
Tips for Taxpayers Who Missed the Tax Deadline
July 15, 2015 by · Leave a Comment
If you missed the April 15 tax filing deadline, don’t panic. Loggins Kern & McCombs can assist with all aspects of your tax preparation needs. Here are a few tips: [Read more…]
IRS Direct Pay Option
July 9, 2015 by · Leave a Comment
The Internal Revenue Service offers a web-based system — IRS Direct Pay — on IRS.gov, which lets taxpayers pay their tax bills or make estimated tax payments directly from checking or savings accounts without any fees or pre-registration. [Read more…]
5 Tips to Help You Pay Your Tax Bill
March 4, 2015 by · Leave a Comment
If you get a tax bill from the IRS, don’t ignore it. A delay may cost you more in the long run. The longer you wait the more interest and penalties you may have to pay. Here are five tips to help you avoid those extra charges: [Read more…]
New IRS Regulations – Required Form 3115
February 9, 2015 by · Leave a Comment
In September of 2013, the IRS issued final regulations that help to distinguish capital expenditures from supplies, repairs, maintenance, and other deductible expenses. Although the final regulations are more taxpayer-favorable than the temporary regulations, they still require a significant investment in time and talent to assure compliance. Virtually every business must comply with these new rules for its first tax year beginning on or after January 1, 2014, but they may be applied to tax years beginning on or after January 1, 2012. [Read more…]
