by briesterer@thinkvisionary.com | May 1, 2023 | Business, Individuals, Newsletter, Tax
Tuesday, April 18, 2023, was the deadline for most taxpayers to file their tax returns. If you haven’t filed a 2022 tax return yet, it’s not too late. First, gather any information related to income and deductions for the tax years for which a return is...
by briesterer@thinkvisionary.com | Apr 10, 2023 | Business, Individuals, Newsletter, Tax
Obtaining a six-month extension to file is relatively easy, and there are legitimate reasons for doing so; however, there are also a few downsides. If you need more time to file your federal income tax return this year, here’s what you need to know. What Is an...
by briesterer@thinkvisionary.com | Apr 7, 2023 | Individuals, Newsletter, Tax
If you’re a savvy investor, you probably know that you must generally report any mutual fund distributions as income, whether you reinvest them or exchange shares in one fund for shares in another. In other words, you must report and pay any capital gains tax...
by briesterer@thinkvisionary.com | Apr 6, 2023 | Business, Newsletter, Tax
Businesses that make structural adaptations or other accommodations for employees or customers with disabilities may be eligible for tax credits and deductions. Here’s an overview of the tax incentives designed to encourage employers to hire qualified people...
by briesterer@thinkvisionary.com | Apr 4, 2023 | Individuals, Newsletter, Tax
While the Net Investment Income Tax (NIIT) most often affects wealthier individuals, in certain circumstances, it can also affect moderate-income taxpayers whose income increases significantly in a given tax year. What Is the NIIT? The NIIT is a 3.8 percent tax on...
by briesterer@thinkvisionary.com | Mar 6, 2023 | Individuals, Newsletter, Tax
Taxpayers in 21 states received special payments related to general welfare and disaster relief in 2022. However, according to recently issued guidance from the IRS, they will not need to report these payments on their 2022 federal tax returns. The special tax refunds...
