by briesterer@thinkvisionary.com | Nov 1, 2022 | Individuals, Newsletter, Tax
With the end of the year fast approaching, now is the time to take a closer look at tax planning strategies that could reduce your tax bill for 2022. General Tax Planning Strategies General tax planning strategies for individuals include accelerating or deferring...
by briesterer@thinkvisionary.com | Oct 7, 2022 | Individuals, Newsletter, Tax
For many people buying a home – whether it’s a fixer-upper in an up-and-coming neighborhood or that custom home you’ve always dreamed of – is a milestone event. While there is often a steep learning curve associated with buying and owning a home,...
by briesterer@thinkvisionary.com | Oct 3, 2022 | Individuals, Newsletter, Tax
When the IRS needs to ask a question about a taxpayer’s tax return, notify them about a change to their account, or request a payment, it often mails a letter or notice to the taxpayer. Taxpayers should know that the IRS sends millions of these letters and...
by briesterer@thinkvisionary.com | Sep 1, 2022 | Individuals, Newsletter
Keeping full and accurate homeowner records is not only vital for claiming deductions on your tax return, but also for determining the basis or adjusted basis of your home. These records include your purchase contract and settlement papers if you bought the property,...
by briesterer@thinkvisionary.com | Aug 4, 2022 | Individuals, Newsletter, Tax
One of the most important questions you face when changing jobs is what to do with the money in your 401(k) because making the wrong move could cost you thousands of dollars or more in taxes and lower returns. Let’s say you put in five years at your current job. For...
by briesterer@thinkvisionary.com | Aug 3, 2022 | Individuals, Newsletter, Tax
By law, all taxpayers have fundamental rights when interacting with the IRS, and all taxpayers should know and understand their rights. Ten categories of rights are presented in the Taxpayer Bill of Rights. Here’s an overview: 1. The right to be informed. Taxpayers...
