by franskoviakcpa | Oct 15, 2018 | IRS, tax filing, tax planning, taxes
On December 22, the President signed into law the Tax Cuts and Jobs Act of 2017 (TCJA). TCJA is the largest tax overhaul since the 1986 Tax Reform Act and it will affect almost every individual and business in the United States. Generally, the new law goes into effect... 
by franskoviakcpa | Oct 15, 2018 | IRS, IRS tax bills, Small Business
I am a small business owner, how long should I keep tax records for and what type of records should I keep? This is a common question that I get from many of my small business clients throughout the year and actually the answer that it depends! For instance,... 
by franskoviakcpa | Oct 15, 2018 | IRS
When you receive an IRS collection notice, the first thing that happens may well be a knot in your stomach, or you can’t sleep at night, constantly worrying that the IRS will show up at your doorstep or worse even seize your assets. The next thing you should do is... 
by franskoviakcpa | Jan 10, 2018 | 2018, IRS, tax planning, taxes
As the New Year begins and the income tax filing season approaches, taxpayers need to ready themselves for tax scams in 2018. Cybercriminals typically increase their activity in the first part of the year through phone scams and email phishing schemes. These scammers... 