by Franskoviak Tax Solutions | Mar 6, 2021 | 2020, 2021, Tax Deadlines, tax filing, tax planning, Tax Season, taxes
Ten Ways to Audit Proof Your Tax Return The tax filing season is upon us and you may be wondering what your chances of getting picked for an IRS audit after I file my taxes? In 2020 due to the Pandemic, the IRS suspended all examination activities for a several...
by Franskoviak Tax Solutions | Feb 1, 2021 | 2020, 2021, tax filing, tax planning, Tax Season
Tax Season is now upon us. February 12th the IRS will open up for e filing of tax returns. So now you are gathering records, you may be asking what documents should I save for my taxes? How long should I keep my records? What items are deductible on my tax returns....
by Franskoviak Tax Solutions | Dec 23, 2020 | 2020, Information, PPP, tax planning, taxes
Many of our clients have been asking about the Paycheck Protection Program loans and the tax effects of forgiveness and deductibility of related expenses. This has been a point of great consternation in the months since the CARES Act was passed. The Internal Revenue...
by Mike Franskoviak | Oct 8, 2020 | 2020, COVID19, Important Tax Dates, IRS, Small Business, tax filing, tax planning
In the six months since the PPP was created, the only certainty about the program has been uncertainty. The PPP came into being due to the economic uncertainty which shut down much of the US economy. So far, the program has funded 5.2 million loans for a total of $525...
by Franskoviak Tax Solutions | Sep 8, 2020 | 2020, Franskoviak News, Important Tax Dates, IRS Tax Problems, services, Small Business, Tax Deadlines, tax deductions, tax filing, tax planning
Dear Friend, IRS Problems are a very personal type of problem and people often do not know where to turn for help. IRS Problems generally affects all aspects of your life. Many people just live with the problem for months and sometimes years, assuming that nothing can...
by Franskoviak Tax Solutions | Sep 4, 2020 | 2020, Coronavirus, COVID19, Government, Important Tax Dates, Information, IRS, Tax Deadlines, tax deductions, tax filing, tax laws, tax planning, taxes
The Executive Order for Payroll Tax Deferral The Executive Memorandum signed by the President August 8, 2020, providing for the deferment of some payroll taxes. This was followed by Internal Revenue Service Notice 2020-65 which offered some clarity on provisions of...
