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Ten Things to Know if you haven’t filed your taxes yet

April 10, 2017 By Franskoviak & Company, P.C.

You’re busy, you’re still getting organized — whatever the reason, you still haven’t filed your taxes yet. But waiting until the last minute to file your taxes means you might be rushed. And that means there’s a higher likelihood of making mistakes or overlooking something important. To help you avoid making a mess of an … Continue reading Ten Things to Know if you haven’t filed your taxes yet

Dealing With IRS Tax Issues Isn’t As Uncommon As You Might Think

April 3, 2017 By Franskoviak & Company, P.C.

Dealing with a tax issue might not be as bad as you might think. There is a solution for every problem out there. But one thing is for sure, things can get worse before they get better if left untreated. The Ostrich approach to dealing with your IRS tax problems simply does not work. If … Continue reading Dealing With IRS Tax Issues Isn’t As Uncommon As You Might Think

Tax Time Deadlines for Returns, Extensions, Tax Payments and Refunds Upcoming

March 30, 2017 By Franskoviak & Company, P.C.

Tax Season is in full force as we near the end of March, and I just wanted to send out some reminders as the tax season deadline nears. Individuals will have a few extra days to file returns because the due date is April 18th this year on account of the weekend and Emancipation Day … Continue reading Tax Time Deadlines for Returns, Extensions, Tax Payments and Refunds Upcoming

Owing the IRS and Understanding Your Payment Options

March 28, 2017 By Franskoviak & Company, P.C.

So you owe the IRS taxes and now you wonder what your options for paying are. For paying can you send in a check? Can you pay online? Does the IRS accept cash? Can you use Paypal? Below are your payment options when it comes to owing Uncle Sam. 1) Online Debit or Credit Card … Continue reading Owing the IRS and Understanding Your Payment Options

Important Changes to the IRS Offer in Compromise Program

March 20, 2017 By Franskoviak & Company, P.C.

The IRS has recently announced some important changes to the Offer in Compromise (OIC) program that should be noted. Effective for OIC’s submitted after March 27, 2017 the IRS will return any Offer submitted if you have not filed “all of the required income tax returns”. If an OIC is submitted without all of the … Continue reading Important Changes to the IRS Offer in Compromise Program

How to Fight an IRS Tax Bill?

March 1, 2017 By Franskoviak & Company, P.C.

How to Fight an IRS Tax Bill? What if the IRS sends you a tax bill and you don’t think you owe the money? Or even worse, maybe you never received a notice, but they levied your bank accounts or filed a tax lien against your home, and you weren’t even aware you owed them … Continue reading How to Fight an IRS Tax Bill?

C Corporations New filing Deadlines

March 1, 2017 By Franskoviak & Company, P.C.

C Corporations New filing Deadlines If you operate your business as a C Corporation, you now have until April 18th, 2017 to file the 2016 calendar year end business tax return with the IRS. For State of Michigan tax purposes, the deadline remains at April 30th, 2017. If an extension of time is necessary, you … Continue reading C Corporations New filing Deadlines

S Corporation and Partnership Have New Filing Deadlines for 2016 – Fast Approaching

March 1, 2017 By Franskoviak & Company, P.C.

S Corporation and Partnership Have New Filing Deadlines for 2016 – Fast Approaching If you operate your business as an S Corporation or a Partnership for income tax purposes, and you have a calendar year end, the deadline for filing 2016 year end returns is March 15th, 2017. This is a change from last year … Continue reading S Corporation and Partnership Have New Filing Deadlines for 2016 – Fast Approaching

It’s Time To Get Started On Your 2017 Tax Planning

February 22, 2017 By Franskoviak & Company, P.C.

It’s Time To Get Started On Your 2017 Tax Planning   Major tax changes in 2017 seem inevitable with the new face of Congress and the White House. Individual, business, and estate tax rules could undergo major changes for the first time in many years. While a proposed plan for reform exists, the extent, timing, … Continue reading It’s Time To Get Started On Your 2017 Tax Planning

Tax Deductions for Personal Car Used for S Corporations

February 15, 2017 By Franskoviak & Company, P.C.

Tax Deductions for Personal Car Used for S Corporations Is the vehicle you use in the S Corporation business titled in your personal name? How about your spouse’s vehicle? In whose name is it titled? Do you or your spouse use that vehicle for S Corporation business? If you have vehicles titled personally but used … Continue reading Tax Deductions for Personal Car Used for S Corporations

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