by Franskoviak Tax Solutions | Aug 28, 2023 | IRS, IRS Tax Problems, Tax Credits, tax deductions, tax laws
Most Common Payroll Tax Problems and How to Avoid Them Every employer in the U.S. is required by law to withhold employment taxes from employee paychecks and then submit that money to the Internal Revenue Service (IRS). Further, as an employer, you are required to... 
by Franskoviak Tax Solutions | Aug 16, 2023 | IRS, IRS Tax Problems, tax deductions
The Most Common Tax Penalties and How to Avoid Them A financial penalty from the Internal Revenue Service (IRS) feels like money down the drain. When you incur tax penalties in the United States, not only do you still owe taxes to the IRS, but you will need to pay the... 
by Franskoviak Tax Solutions | Sep 7, 2022 | Franskoviak News, Information, IRS, IRS Tax Problems, Tax Credits, tax deductions, tax planning
How will this inflation relief Act impact you and your taxes? The very thought of inflation can send chills through an economy. When inflation — a steady increase in prices that impacts the cost of living — gathers momentum, it can be difficult to contain. Often, when... 
by Franskoviak Tax Solutions | Aug 2, 2022 | Tax Credits, tax deductions, tax laws, tax planning, taxes
What are the Most Valuable Tax Credits 2022? Americans will see a long list of changes to tax laws in 2022. Time to make the most of them. Tax planning is important every year, but with the damaging economic impact of inflation and the pandemic, it is... 
by Franskoviak Tax Solutions | Jun 28, 2022 | Tax Credits, tax deductions, tax laws, tax planning, taxes
This federal tax credit can effectively reduce the amount you owe. It may even deliver a refund. Like most working Americans, you want to make the most of tax deductions and credits each year, to reduce the amount you owe to the Internal Revenue Service (IRS).... 
by Franskoviak Tax Solutions | Jun 19, 2022 | IRS Tax Collection, tax deductions, taxes
What do you need to know about changing tax credits? In response to the financial hardship that many Americans faced over the course of the pandemic, the US government introduced The American Rescue Plan in 2021, a tool to deliver direct financial relief. Child... 
