Ep 24 - "Filing Taxes Like a Pro: Lessons from 30 Years of Experience, with Keith Logan"

Summary of the Interview  In this podcast episode, host Jean interviews Keith Logan, a tax preparerwith over 30 years of experience. Keith shares valuable insights into taxpreparation for individuals, small businesses, freelancers, and gig workers. Hehighlights common mistakes people make when filing taxes, such as math errors,incorrect filing statuses, and missing documents. Keith also explains how smallbusinesses need to maintain detailed records year-round and discusses keydifferences between individual and business tax filings.  Keith outlines several important tax law changes for 2024, includingincreases in standard deductions and adjustments to tax brackets, and explainshow these changes impact different filing statuses. He provides practical tipson how to maximize tax refunds, minimize tax liabilities, and avoid audits bystaying organized and keeping thorough records.  The discussion also covers when it’s advisable to seek professional helpwith taxes, especially for those facing complex filings. Keith emphasizes theimportance of being knowledgeable about your own taxes, even when using aprofessional, and recommends staying informed about tax laws and changesthrough resources like IRS Publication 17. He also touches on tax strategiesfor freelancers, including the importance of paying quarterly taxes andtracking deductions accurately.  Overall, the episode offers a comprehensive guide for listeners to betterunderstand the tax preparation process, avoid common pitfalls, and makeinformed decisions when handling their taxes.   Keith is researching the requirements of opening a school for tax preparers, they willbe able to earn the sixty hours required by the State.   Contact information: [email protected]