by briesterer@thinkvisionary.com | Sep 2, 2021 | COVID-19, Individuals, Newsletter
Extension Deadline Looming for 2020 Tax Returns Time is running short for taxpayers who requested an extra six months to file their 2020 tax return. As a reminder, Friday, October 15, 2021, is the extension deadline for most taxpayers. Taxpayers who owe tax – even...
by briesterer@thinkvisionary.com | Sep 1, 2021 | Business, Individuals, Newsletter
Tax Relief for Those Affected by Natural Disasters Recovery efforts after natural disasters can be costly. With floods, tornadoes, hurricanes, earthquakes, and other natural disasters affecting so many people throughout the U.S. this year, many have been left...
by briesterer@thinkvisionary.com | Aug 5, 2021 | Individuals, Newsletter
If you’re looking to sell your home this year, then it may be time to take a closer look at the exclusion rules and cost basis of your home to reduce your taxable gain on the sale of a home. The IRS home sale exclusion rule allows an exclusion of gain up to...
by briesterer@thinkvisionary.com | Aug 5, 2021 | Individuals, Newsletter
An important part of tax planning is keeping good records. Having an organized recordkeeping system makes it easier to file a tax return or understand a letter from the IRS. Here are some tips: Good Recordkeeping Helps Taxpayers: Identify sources of income. Taxpayers...
by briesterer@thinkvisionary.com | Aug 5, 2021 | Individuals, Newsletter
Thanks to the advance payments of the Child Tax Credit, approximately 60 million children received $15 billion in July, according to the Department of Treasury and the IRS. While many of these families will benefit from the extra money deposited into their bank...
by briesterer@thinkvisionary.com | Aug 4, 2021 | Individuals, Newsletter
According to the US Small Business Administration, small businesses employ half of all private-sector employees in the United States. However, a majority of small businesses do not offer their workers retirement savings benefits. If you’re like many other small...
