by briesterer@thinkvisionary.com | Feb 26, 2021 | Newsletter
Renting Out a Second Home In general, income from rental of a vacation home for 15 days or longer must be reported on your tax return on Schedule E, Supplemental Income and Loss. You should also keep in mind that the definition of a “vacation home” is not...
by briesterer@thinkvisionary.com | Feb 9, 2021 | Newsletter
3 Wessel & Company Shareholders Among PA Business Central’s Top 100 People Wessel & Company shareholders Patti Hudson and Tom Seitz, as well as President & CEO Joel Valentine have been named to Pennsylvania Business Central’s Top 100 People for 2021. The...
by briesterer@thinkvisionary.com | Feb 4, 2021 | Newsletter
Who Qualifies for the Earned Income Credit The earned income tax credit can give qualifying workers with low-to-moderate income a substantial financial boost. The credit not only reduces the amount of tax someone owes but may give them a refund even if they...
by briesterer@thinkvisionary.com | Feb 4, 2021 | COVID-19, Newsletter
FBI Sees Rise in Fraud Schemes Related to the Coronavirus (COVID-19) Pandemic Scammers are leveraging the COVID-19 pandemic to steal your money, your personal information, or both. Don’t let them. Protect yourself and do your research before clicking on links...
by briesterer@thinkvisionary.com | Feb 3, 2021 | Newsletter
Relief for Taxpayers Struggling With Tax Debts While there have always been payment options available from the IRS to help taxpayers struggling to pay tax debts, the new IRS Taxpayer Relief Initiative was put into place to expand these options and offer relief during...
by briesterer@thinkvisionary.com | Feb 2, 2021 | Newsletter
Are you wondering if there’s a hard and fast rule about what income is taxable and what income is not taxable? The quick answer is that all income is taxable unless the law specifically excludes it. But as you might have guessed, there’s more to it than...
