by briesterer@thinkvisionary.com | Jun 2, 2022 | Business, Individuals, Newsletter, Tax
Settling Tax Debt With an IRS Offer in Compromise An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles a taxpayer’s tax liabilities for less than the full amount owed. That’s the good news. The bad...
by briesterer@thinkvisionary.com | Jun 1, 2022 | Business, Newsletter, Tax
Common Small Business Budgeting Errors to Avoid When creating a budget, it’s essential to estimate your spending as realistically as possible. Here are five budget-related errors commonly made by small businesses and some tips for avoiding them. Not Setting...
by briesterer@thinkvisionary.com | May 5, 2022 | Newsletter, Tax
Estimated Tax Payments: The Facts Estimated tax is the method used to pay tax on income that is not subject to withholding, including income from self-employment, interest, dividends, alimony, rent, and gains from the sale of assets, prizes, and awards. You also may...
by briesterer@thinkvisionary.com | May 4, 2022 | Newsletter, Tax
Is Your College Student’s Scholarship Taxable? May 1st is the traditional deadline for undergraduate students to commit to their college of choice, which means tuition payments are not far behind. If you’re wondering if your child’s scholarships are...
by briesterer@thinkvisionary.com | May 3, 2022 | Newsletter, Tax
What To Know About Tax-related Identity Theft Tax-related identity theft occurs when someone uses a taxpayer’s stolen SSN to file a tax return claiming a fraudulent refund. In the vast majority of tax-related identity theft cases, the IRS identifies a suspicious...
by briesterer@thinkvisionary.com | May 2, 2022 | Newsletter, Tax
Special Tax Benefits for Members of the Military Military personnel and their families face unique life challenges with their duties, expenses, and transitions. As such, military members may qualify for tax benefits not available to civilians. For example, they...
