by Franskoviak Tax Solutions | Jun 27, 2021 | 2021, tax filing, tax laws, tax planning, taxes
Advanced Payments of the Child Tax Credit and What to Do Table of Contents: Extensions to the 2021 Child Tax Credit plan Criteria to qualify for advanced payments Maximum Credit Available How to unenroll from getting advanced payments Important Questions Regarding...
by Franskoviak Tax Solutions | Jun 8, 2021 | 2021, Tax Deadlines, tax planning, taxes, Uncategorized
This is a friendly reminder that the second quarter tax estimates are due Tuesday June 15th. If you are unsure if you should be paying quarterly estimates please contact our office as soon as possible. If you are an S Corporation Shareholder, Partner in a partnership...
by Franskoviak Tax Solutions | Mar 18, 2021 | 2021, Tax Deadlines, tax filing, Tax Season
IRS Delays Tax Deadline to May 17th, 2021 Yesterday the IRS announced that they are pushing back the tax deadline until May 17, 2021. Essentially this will give taxpayers an extra month to file and pay their taxes. Last year the extension was 3 months until July 15th....
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 | Jan 15, 2021 | 2021, current events, Information, PPP
The US Small Business Administration has approved, and lenders will now be open for funding of PPP1 and PPP2 first and second round draws loans as of Monday January 19, 2021. They anticipate there will be enough funding for all borrowers for PPP2. as is the case for...
