by briesterer@thinkvisionary.com | Apr 2, 2019 | Newsletter
The Qualified Small Business Stock Exclusion As the driving force in today’s economy, small businesses benefit from numerous tax breaks in the tax code. One of these, the Qualified Small Business Stock (QSBS), was made permanent by the PATH Act (Protecting...
by briesterer@thinkvisionary.com | Apr 1, 2019 | Newsletter
Refundable vs. Non-Refundable Tax Credits Tax credits can reduce your tax bill or give you a bigger refund, but not all tax credits are created equal. While most tax credits are refundable, some credits are nonrefundable, but before we take a look at the difference...
by briesterer@thinkvisionary.com | Mar 31, 2019 | Newsletter
Fraud Alert: Fake calls from Taxpayer Advocate Service Like clockwork, every year, there’s a new twist on old scams. This year, it is the IRS impersonation phone scam whereby criminals fake calls from the Taxpayer Advocate Service. The TAS is an independent...
by briesterer@thinkvisionary.com | Mar 4, 2019 | Newsletter
Four Tax Deductions that Disappeared in 2018 Tax reform eliminated a number of deductions that many taxpayers counted on to reduce their taxable income. Here are four that could affect you. 1. Personal Exemptions Personal exemptions enabled individual taxpayers to...
by briesterer@thinkvisionary.com | Mar 1, 2019 | Newsletter
The Small Business Health Care Tax Credit If you’re a small business owner with fewer than 25 full-time equivalent employees you may be eligible for the small business health care credit. What is the Small Business Health Care Credit? The small business health...
by briesterer@thinkvisionary.com | Feb 28, 2019 | Newsletter
Are Social Security Benefits Taxable? Social Security benefits include monthly retirement, survivor, and disability benefits; they do not include Supplemental Security Income (SSI) payments, which are not taxable. Generally, you pay federal income taxes on your Social...
