IRS SEEKS TAX PAYERS TO RETURN REFUND CHECKS WORTH :
1. 164.6 MILLION DOLLARS
2. 111,893 TAXPAYERS REFUND CHECKS RETURNED TO IRS.
MOST COMMON REASONS FOR CHECK RETURN ARE ;
o CHANGE OF MAILING ADDRESS.
o MAIL ADDRESS ERRORS.
o UNDELIVERED REFUND CHECKS AVERAGE $1472 PER TAXPAYER TAX YEAR 2009.
TO AVOID THESE PROBLEMS eFILE & DIRECT DEPOSIT YOUR REFUND. AFTER THREE TAX YEARS IRS WILL KEEP YOUR REFUND.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
Join Linkedin "Tax Matters" Group for discussion.
Friday, November 19, 2010
Friday, November 12, 2010
2011 "W2" REPORTING REQUIREMENT --> HEALTH COST OPTIONAL
IRS GUIDE IS THAT WHEN 2011 " W2" FORMS ARE ISSUED IN JAN 2011, IT IS NOT MANDATORY THAT EMPLOYERS DO THE FOLLOWING:
1. REPORT COST OF HEALTH CARE IN WAGE & TAX STATEMENT - W2 FORM
2. THIS RELIEF WAS GRANTED TO GIVE TIME TO EMPLOYERS TO UPDATE THEIR SYSTEMS AND PROCEDURES NECESSARY TO COMPLY WITH THIS NEW REQUIREMENT.
IT IS VERY LIKELY THAT EMPLOYERS HEALTH CARE COST MAY BECOME A TAXABLE BENEFIT TO EMPLOYEES. STAY TUNED, AS LAME DUCK SESSION OF THE CONGRESS MEETS IN FEW WEEKS.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
Join Likedin "Tax Matters" Group for discussion.
1. REPORT COST OF HEALTH CARE IN WAGE & TAX STATEMENT - W2 FORM
2. THIS RELIEF WAS GRANTED TO GIVE TIME TO EMPLOYERS TO UPDATE THEIR SYSTEMS AND PROCEDURES NECESSARY TO COMPLY WITH THIS NEW REQUIREMENT.
IT IS VERY LIKELY THAT EMPLOYERS HEALTH CARE COST MAY BECOME A TAXABLE BENEFIT TO EMPLOYEES. STAY TUNED, AS LAME DUCK SESSION OF THE CONGRESS MEETS IN FEW WEEKS.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
Join Likedin "Tax Matters" Group for discussion.
Friday, November 5, 2010
NEW: TANNING SALON TAX DEADLINE...
IF OWN A SKIN TANNING SALON, FIRST PAYMENT OF YOUR TAX IS DUE NOV 1, 2010. DETAILS ARE:
1. NEW TANNING TAX IS 10% TO BE REMITTED TO IRS 11/1/2010.
2. QUARTERLY FEDERAL EXCISE TAX FORM 720 NEEDS TO BE FILLED OUT.
3. THESE PAYMENTS CAN BE SENT ELECTRONICALLY BY IRS "EFTPS" SYSTEM.
4. PROVIDERS OF TANNING SERVICES COLLECT THIS TAX WHEN THE PURCHASER PAYS FOR TANNING SERVICES.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
Join Likedin "Tax Matters" Group for discussion.
1. NEW TANNING TAX IS 10% TO BE REMITTED TO IRS 11/1/2010.
2. QUARTERLY FEDERAL EXCISE TAX FORM 720 NEEDS TO BE FILLED OUT.
3. THESE PAYMENTS CAN BE SENT ELECTRONICALLY BY IRS "EFTPS" SYSTEM.
4. PROVIDERS OF TANNING SERVICES COLLECT THIS TAX WHEN THE PURCHASER PAYS FOR TANNING SERVICES.
FOLLOW ME FOR TAX INFO --> CALL KASH YAJNIK , AT (925) 963 4891 OR VISIT http://www.yajnikandmehta.com/ OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
Join Likedin "Tax Matters" Group for discussion.
Subscribe to:
Posts (Atom)