by briesterer@thinkvisionary.com | Oct 3, 2023 | Individuals, Newsletter, Tax
With so many people working remotely these days, thinking about moving to another state has become common — perhaps for better weather or to be closer to family. Business owners might contemplate selling their business as part of an out-of-state move. Many retirees...
by briesterer@thinkvisionary.com | Oct 2, 2023 | Business, Newsletter, Tax
The IRS issued a notice last Thursday ordering an immediate stop to processing all new claims for the Employee Retention Tax Credit (ERTC). This comes amid a surge of questionable claims and concerns about aggressive marketing to ineligible taxpayers. Here are the...
by briesterer@thinkvisionary.com | Sep 8, 2023 | Individuals, Newsletter, Tax
The IRS is warning taxpayers about emails and text messages that promise refunds and credits, but that actually result in identity theft. Many current schemes involve the third Economic Impact Payment (originally made in 2021). Messages may also reference the Employee...
by briesterer@thinkvisionary.com | Sep 6, 2023 | Individuals, Newsletter, Tax
When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s combined income. That means the IRS can pursue either spouse to collect the entire tax, not just the part that’s attributed to one...
by briesterer@thinkvisionary.com | Sep 5, 2023 | Individuals, Newsletter, Tax
Despite the generally robust job market, some people are still losing their jobs. If you’re laid off or terminated from employment, taxes are probably the last thing on your mind. However, you may face tax implications due to your changed personal and professional...
by briesterer@thinkvisionary.com | Sep 1, 2023 | Business, Newsletter, Tax
Does your business have multiple owners? If so, you need a buy-sell agreement. This type of binding contract determines how (and at what price) ownership shares of a privately held business will change hands should an owner depart. There are also potential tax...
