by briesterer@thinkvisionary.com | Oct 6, 2021 | Individuals, Newsletter
Marginal vs. Effective Tax Rates Understanding marginal and effective tax rates are important for tax planning purposes; however, many taxpayers don’t fully understand the differences. Let’s take a closer look: Marginal Tax Rate The United States has a...
by briesterer@thinkvisionary.com | Oct 5, 2021 | Individuals, Newsletter
E-Signatures Extended for Many Tax Forms To help reduce the burden to taxpayers brought about by the coronavirus pandemic, the use of electronic or digital signatures on certain paper forms they normally cannot file electronically has been extended through December...
by briesterer@thinkvisionary.com | Oct 4, 2021 | Business, Individuals, Newsletter
If You Receive an IRS Letter or Notice The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with without calling or visiting an IRS office. Here’s what you need to know about IRS...
by briesterer@thinkvisionary.com | Oct 1, 2021 | Business, Individuals, Newsletter
Use These Strategies To Pass on Wealth to Heirs Individuals with significant assets should take advantage of proven tax strategies such as gifting and direct payments to educational institutions to transfer wealth to heirs tax-free, as well as minimize estate taxes....
by briesterer@thinkvisionary.com | Sep 6, 2021 | Business, COVID-19, Individuals, Newsletter
Gross Receipts Safe Harbor for Employers Claiming ERC Safe harbor is now available that allows employers to exclude certain items from their gross receipts solely for determining eligibility for the Employee Retention Credit (ERC). These amounts are: The amount of the...
by briesterer@thinkvisionary.com | Sep 3, 2021 | Business, Fraud, Individuals, Newsletter
Reminder: Protect Yourself From Scammers Understanding how the IRS communicates can help taxpayers protect themselves from scammers who pretend to be from the IRS with the goal of stealing personal information. For example, the IRS typically does not call a taxpayer,...
