by briesterer@thinkvisionary.com | Jul 3, 2019 | Newsletter
Deducting Business-Related Car Expenses If you’re self-employed and use your car for business, you can deduct certain business-related car expenses. There are two options for claiming deductions: Actual Expenses. To use the actual expense method, you need to...
by briesterer@thinkvisionary.com | Jul 2, 2019 | Newsletter
Your Canceled Debt Could Be Taxable Generally, debt that is forgiven or canceled by a lender is considered taxable income by the IRS and must be included as income on your tax return. When that debt is forgiven, negotiated down (when you pay less than you owe), or...
by briesterer@thinkvisionary.com | Jul 1, 2019 | Newsletter
IRS Ends Tax Transcript Fax and Third-Party Services Due to ongoing efforts to protect taxpayers from identity thieves, the Internal Revenue Service no longer offers tax transcript faxing service and third-party mailing of tax returns and certain transcripts. These...
by briesterer@thinkvisionary.com | Jun 3, 2019 | Newsletter
Recordkeeping Tips for Small Business Owners Avoid headaches at tax time by keeping track of your receipts and other records throughout the year. Whether you use an excel spreadsheet, an app, an online system or keep your receipts organized in a folding file organized...
by briesterer@thinkvisionary.com | May 31, 2019 | Newsletter
How the Sharing Economy affects your Taxes If you’ve ever used–or provided services for– Uber, Lyft, Airbnb, Etsy, Rover, or TaskRabbit. then you’re a member of the sharing economy and it could affect your taxes. The good news is that if...
by briesterer@thinkvisionary.com | May 30, 2019 | Newsletter
Filing an Amended Tax Return: What you Need to Know What should you do if you already filed your federal tax return and then discover a mistake? First of all, don’t worry. In most cases, all you have to do is file an amended tax return. But before you do that,...
