IRS ANNOUNCED THE FOLLOWING STD. MILEAGE RATES:
1. BUSINESS MILES - 55.5 CENTS PER MILE
2. MEDICAL MOVING MILES - 23 CENTS PER MILE
3. CHARITABLE SERVICE MILES - 14 CENTS PER MILE
CALL KASH AT YMA 925 963 4891 IF YOU HAVE QUESTIONS.
Monday, December 12, 2011
Monday, December 5, 2011
DID YOU MISS YOUR TAX REFUND CHECK ?
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Monday, November 28, 2011
GOT IRS LETTER ?
YMA
REPRESENTS TAXPAYERS IN IRS REVENUE AGENT'S EXAMINATION - INDIVIDUAL AND PERSONAL
TAX RETURNS.
1 HOUR FREE CONSULTATION TO SEE HOW WE CAN HELP YOU.
CALL KASH YAJNIK & MEHTA ASSOCIATES - (925) 963 4891 FOR APPOINTMENT.
1 HOUR FREE CONSULTATION TO SEE HOW WE CAN HELP YOU.
CALL KASH YAJNIK & MEHTA ASSOCIATES - (925) 963 4891 FOR APPOINTMENT.
Monday, November 21, 2011
Monday, October 17, 2011
CHAMBER OF COMMERCE MEMBER DISCOUNT
15% DISCOUNT FOR ALL CHAMBER
MEMBERS, THEIR FAMILIES AND REFERRALS. VISIT YMA WEB SITE www.yajnikandmehta.com.
FOR APPOINTMENT, KASH @ (925) 963 4891.
FOR APPOINTMENT, KASH @ (925) 963 4891.
Monday, October 10, 2011
TAX RETURN FILING DEADLINE - 10/17/2011
GO TO www.yajnikandmehta.com, PROMO PAGE FOR AVAILABLE DISCOUNTS ON PERSONAL TAX RETURN PREPARATION CHARGES. CALL KASH (925) 963 4891 FOR APPOINTMENT
Saturday, October 1, 2011
HEALTH CREDIT FOR SMALL BUSINESS...
SUGGESTIONS FOR SOLE PROPRIETORS, LLC, S-CORP MEMBERS WHO FILED FORM 1040 EXTENSIONS:
1. FILE FORM 8941& 3800 TO CLAIM HEALTH CARE CREDIT.
2. FOR TAX YEARS 2011 TO 2013, MAXIMUM CREDIT FOR ELIGIBLE SMALL BUSINESS EMPLOYERS IS 35 %.
FOR MORE INFORMATION, CALL KASH, @ YAJNIK & MEHTA ASSOCIATES (925) 963 4891.
1. FILE FORM 8941& 3800 TO CLAIM HEALTH CARE CREDIT.
2. FOR TAX YEARS 2011 TO 2013, MAXIMUM CREDIT FOR ELIGIBLE SMALL BUSINESS EMPLOYERS IS 35 %.
FOR MORE INFORMATION, CALL KASH, @ YAJNIK & MEHTA ASSOCIATES (925) 963 4891.
Monday, September 26, 2011
NEWLY WED TAX PAYER TIPS...
DON'T FORGET THE FOLLOWING IF YOU ARE RECENTLY OR SOON TO BE MARRIED:
1. NOTIFY SOCIAL SECURITY OF NAME CHANGE - FILE FORM SS-5.
2. NOTIFY IRS ABOUT YOUR MOVE - FILE FORM 8822 IF YOU MOVE.
3. NOTIFY US POSTAL SERVICE - CHANGE OF ADDRESS
4. NOTIFY YOUR EMPLOYER
5. CHECK TAX WITHHOLDING - USE FORM W-4 TO CALCULATE THE ALLOWANCES.
6. CHOOSE RIGHT TAX FORM 1040 - DON'T USE 1040A OR 1040EZ.
7. CHOOSE MOST BENEFICIAL FILING STATUS.
CALL KASH @YAJNIK & MEHTA ASSOCIATES 925 963 4891 FOR MORE DETAILS.
1. NOTIFY SOCIAL SECURITY OF NAME CHANGE - FILE FORM SS-5.
2. NOTIFY IRS ABOUT YOUR MOVE - FILE FORM 8822 IF YOU MOVE.
3. NOTIFY US POSTAL SERVICE - CHANGE OF ADDRESS
4. NOTIFY YOUR EMPLOYER
5. CHECK TAX WITHHOLDING - USE FORM W-4 TO CALCULATE THE ALLOWANCES.
6. CHOOSE RIGHT TAX FORM 1040 - DON'T USE 1040A OR 1040EZ.
7. CHOOSE MOST BENEFICIAL FILING STATUS.
CALL KASH @YAJNIK & MEHTA ASSOCIATES 925 963 4891 FOR MORE DETAILS.
Monday, September 19, 2011
PAYROLL OUTSOURCING TIPS
TIPS ARE LISTED BELOW:
1. EMPLOYER IS ULTIMATELY RESPONSIBLE FOR FEDERAL TAX LIABILITIES i.e. MAKE SURE TAX DEPOSITS ARE MADE BY THE THIRD PARTY PROCESSING YOUR PAY ROLL.
2. IF YOU CHANGE YOUR BUSINESS ADDRESS, MAKE SURE CORRECT ADDRESS IS NOTIFIED TO IRS FOR TAX CORRESPONDENCE IN A TIMELY MANNER.
3. CHOOSE A PAYROLL SERVICE PROVIDER THAT USES EFTPS FOR ELECTRONIC PAYMENTS TO IRS.
FOR MORE INFO. CALL KASH @ 925-963 4891 OR VISIT www.yajnikandmehta.com.
1. EMPLOYER IS ULTIMATELY RESPONSIBLE FOR FEDERAL TAX LIABILITIES i.e. MAKE SURE TAX DEPOSITS ARE MADE BY THE THIRD PARTY PROCESSING YOUR PAY ROLL.
2. IF YOU CHANGE YOUR BUSINESS ADDRESS, MAKE SURE CORRECT ADDRESS IS NOTIFIED TO IRS FOR TAX CORRESPONDENCE IN A TIMELY MANNER.
3. CHOOSE A PAYROLL SERVICE PROVIDER THAT USES EFTPS FOR ELECTRONIC PAYMENTS TO IRS.
FOR MORE INFO. CALL KASH @ 925-963 4891 OR VISIT www.yajnikandmehta.com.
Monday, September 12, 2011
TAX RETURN DEAD LINES...
TAX RETURN FILING DEADLINES - SPT 15 AND OCTO 17 - VISIT YMA WEB SITE www.yajnikandmehta.com PROMO FOR
DETAILS. FOR MORE INFO. CALL KASH @ (925) 963 4891.
Tuesday, September 6, 2011
DID YOUR CORP FILE EXTENSION ?
FOR CALENDAR YEAR C-CORP, S-CORP OR LLC IF YOU YOU FILED EXTENSION IN MARCH 2011, THE FEDERAL TAX RETURNS DUE SPT 15, 2011.
FOR MORE INFO. CALL KASH @ (925) 963 4891 OR VISIT www.yajnikandmehta.com
FOR MORE INFO. CALL KASH @ (925) 963 4891 OR VISIT www.yajnikandmehta.com
Monday, August 22, 2011
" ARE YOU AN INJURED SPOUSE ? " - IRS ASKS.
INJURED SPOUSE IS A PERSON WHO HAS FILED A JOINT FEDERAL TAX RETURN AND ALL OR PART OF THE TAX REFUND IS OR EXPECTED TO BE APPLIED TO THE
PAST DUE OBLIGATION OF THE OTHER SPOUSE
AND
THE NON-OBLIGATED SPOUSE WANTS HIS OR HER SHARE OF THE
JOINT REFUND.
THE INJURED SPOUSE REPORTS INCOME AND PAYMENTS SEPARATELY. ONLY THE INJURED SPOUSE NEEDS TO SIGN FORM 8379 - NOT TO BE CONFUSED WITH INNOCENT SPOUSE.
CALL KASH @ (925) 963 4891 OR VISIT www.yajnikandmehta.com FOR MORE DETAILS.
PAST DUE OBLIGATION OF THE OTHER SPOUSE
AND
THE NON-OBLIGATED SPOUSE WANTS HIS OR HER SHARE OF THE
JOINT REFUND.
THE INJURED SPOUSE REPORTS INCOME AND PAYMENTS SEPARATELY. ONLY THE INJURED SPOUSE NEEDS TO SIGN FORM 8379 - NOT TO BE CONFUSED WITH INNOCENT SPOUSE.
CALL KASH @ (925) 963 4891 OR VISIT www.yajnikandmehta.com FOR MORE DETAILS.
Monday, August 15, 2011
DO YOU KNOW ANYONE WHO HAS FOREIGN BANK ACCOUNTS ?
IRS IS GIVING HOLDERS OF FOREIGN BANK ACCOUNTS A CHANCE TO VOLUNTARILY DISCLOSE THEM. THE DEAD LINE FOR DISCLOSURE IS AUGUST 31, 2011. COMPLY VOLUNTARILY AND PAY TAX ON YOUR WORLD WIDE INCOME.
FAILURE TO DISCLOSE SUCH ACCOUNTS CAN RESULT SEVERE PENALTIES. THESE PENALTIES ARE:
1. $10,000 FINE.
2. IN CRIMINAL CASES, JAIL TIME.
THIS A SECOND VOLUNTARY DISCLOSURE OPPORTUNITY. THERE MIGHT NOT BE ANOTHER CHANCE,
FOR MORE INFORMATION, CALL KASH @ (925) 963 4891 OR VISIT www.yajnikandmehta.com.
FAILURE TO DISCLOSE SUCH ACCOUNTS CAN RESULT SEVERE PENALTIES. THESE PENALTIES ARE:
1. $10,000 FINE.
2. IN CRIMINAL CASES, JAIL TIME.
THIS A SECOND VOLUNTARY DISCLOSURE OPPORTUNITY. THERE MIGHT NOT BE ANOTHER CHANCE,
FOR MORE INFORMATION, CALL KASH @ (925) 963 4891 OR VISIT www.yajnikandmehta.com.
Monday, August 8, 2011
FEDERAL TAX PAYMENT OPTIONS...
LIST TAX PAYMENT OPTIONS:
1. BY MAKING FULL TAX PAYMENT, TAX PAYERS AVOID PENALTIES & INTEREST. IF POSSIBLE TAKE A LOAN AND MAKE A FULL PAYMENT.
2. BRIEF ADDITIONAL TIME CAN BE REQUESTED THROUGH ON LINE AGREEMENT APPLICATION OR by CALLING (800) 829 1040.
3. CREDIT CARD PAYMENTS: PAY YOUR TAX BILL WITH CREDIT
4. ELECTRONICS FUNDS TRANSFER USING ELECTRONIC FEDERAL TAX PAYMENT SYSTEM (EFTPS) or GO TO eftps.gov
5. INSTALLMENT AGREEMENTS - MUST FILE ALL RETURNS AND BE CURRENT WITH TAX PAYMENTS.
6. ON LINE PAYMENT AGREEMENT - IF YOU LESS THAN 25,000$ OR LESS IN TAXES, PENALTIES, AND INTEREST.
7. SPECIAL FORMS ARE REQUIRED IF TOTAL TAX LIABILITY IS GREATER THAN 25,000$.
TIP: INCREASE YOUR TAX WITHOLDING OR PAY ESTIMATED TAXES TO REDUCE YOUR FUTURE TAX LIABILITY.
CALL KASH @ (925) 963 4891 or VISIT www.yajnikandmehta.com FOR MORE DETAILS...
1. BY MAKING FULL TAX PAYMENT, TAX PAYERS AVOID PENALTIES & INTEREST. IF POSSIBLE TAKE A LOAN AND MAKE A FULL PAYMENT.
2. BRIEF ADDITIONAL TIME CAN BE REQUESTED THROUGH ON LINE AGREEMENT APPLICATION OR by CALLING (800) 829 1040.
3. CREDIT CARD PAYMENTS: PAY YOUR TAX BILL WITH CREDIT
4. ELECTRONICS FUNDS TRANSFER USING ELECTRONIC FEDERAL TAX PAYMENT SYSTEM (EFTPS) or GO TO eftps.gov
5. INSTALLMENT AGREEMENTS - MUST FILE ALL RETURNS AND BE CURRENT WITH TAX PAYMENTS.
6. ON LINE PAYMENT AGREEMENT - IF YOU LESS THAN 25,000$ OR LESS IN TAXES, PENALTIES, AND INTEREST.
7. SPECIAL FORMS ARE REQUIRED IF TOTAL TAX LIABILITY IS GREATER THAN 25,000$.
TIP: INCREASE YOUR TAX WITHOLDING OR PAY ESTIMATED TAXES TO REDUCE YOUR FUTURE TAX LIABILITY.
CALL KASH @ (925) 963 4891 or VISIT www.yajnikandmehta.com FOR MORE DETAILS...
Monday, August 1, 2011
2 YEAR LIMIT - NOT FOR MANY INNOCENT SPOUSE REQUESTS...
IRS ANNOUNCED THAT IT WILL HELP MANY INNOCENT SPOUSE CASES BY ELIMINATING TWO YEAR TIME LIMIT IN EQUITABLE RELIEF PROVISION.
INNOCENT SPOUSE RELIEF PROGRAM HELPS A SPOUSE WHO SIGNED A JOINT RETURN IS RELIEVED OF A PART OF JOINT TAX LIABILITY ON ONE OF THE THREE GROUNDS DESCRIBED BELOW:
1. TRADITIONAL INNOCENT SPOUSE RELIEF
2. SEPARATE LIABILITY ELECTION
3. EQUITABLE RELIEF
CALL KASH YAJNIK @ YAJNIK & MEHTA ASSOCIATES (925) 963 4891 OR VISIT www.yajnikandmehta.com FOR MORE DETAILS.
INNOCENT SPOUSE RELIEF PROGRAM HELPS A SPOUSE WHO SIGNED A JOINT RETURN IS RELIEVED OF A PART OF JOINT TAX LIABILITY ON ONE OF THE THREE GROUNDS DESCRIBED BELOW:
1. TRADITIONAL INNOCENT SPOUSE RELIEF
2. SEPARATE LIABILITY ELECTION
3. EQUITABLE RELIEF
CALL KASH YAJNIK @ YAJNIK & MEHTA ASSOCIATES (925) 963 4891 OR VISIT www.yajnikandmehta.com FOR MORE DETAILS.
Monday, July 25, 2011
WHAT 5 TAX SCAMS TO AVOID 2011 SUMMER ??
5 TAX SCAMS TO AVOID THIS SUMMER LISTED BY IRS ARE:
1. HIDING INCOME IN OVERSEAS BANKS.
2. PHISHING - SCAM PERPETRATORS USE eMAILS TO CON UNSUSPECTING TAX PAYERS TO REVEAL PERSONAL AND FINANCIAL INFORMATION.
3. TAX RETURN PREPARER FRAUD i.e. DISHONEST TAX PREPARERS.
4. FILING FALSE OR MISLEADING FORMS.
5. FRIVOLOUS ARGUMENTS TO AVOID TAX PAYMENTS.
FOR MORE INFO. CALL KASH @ (925) 963 4891 or VISIT www.yajnikandmehta.com
1. HIDING INCOME IN OVERSEAS BANKS.
2. PHISHING - SCAM PERPETRATORS USE eMAILS TO CON UNSUSPECTING TAX PAYERS TO REVEAL PERSONAL AND FINANCIAL INFORMATION.
3. TAX RETURN PREPARER FRAUD i.e. DISHONEST TAX PREPARERS.
4. FILING FALSE OR MISLEADING FORMS.
5. FRIVOLOUS ARGUMENTS TO AVOID TAX PAYMENTS.
FOR MORE INFO. CALL KASH @ (925) 963 4891 or VISIT www.yajnikandmehta.com
Monday, July 18, 2011
WHAT ARE NEW "PTIN" RULES FROM IRS ?
IRS ISSUED NEW RULES IN 2011 TO REGULATE CONDUCT OF ALL PAID TAX RETURN PREPARERS.
1. ALL PAID PREPARERS MUST OBTAIN "PTIN" ( PREPARER TAX IDENTIFICATION NUMBER) FROM IRS.
2. TAX RETURN PREPARERS MUST SIGN NAMES, AND INCLUDE THEIR PTINS ON THE RETURNS AND REFUND CLAIMS THEY PREPARE FOR COMPENSATION,
3. STARTING JULY 7, 2011 IRS IS SENDING OUT LETTERS TO ABOUT 100K TAX RETURN PREPARERS ACROSS THE COUNTRY WHO VIOLATED THE NEW RULES.
4. THERE ARE ABOUT 712K TAX RETURN PREPARERS ACROSS THE COUNTRY.
5. MAKE SURE YOUR TAX RETURN PREPARER SIGNS THE RETURN AND THERE IS A "PTIN" ON THE TAX RETURN.
CALL KASH AT YAJNIK & MEHTA ASSOCIATES (925) 963 4891 OR VISIT www.yajnikandmehta.com
1. ALL PAID PREPARERS MUST OBTAIN "PTIN" ( PREPARER TAX IDENTIFICATION NUMBER) FROM IRS.
2. TAX RETURN PREPARERS MUST SIGN NAMES, AND INCLUDE THEIR PTINS ON THE RETURNS AND REFUND CLAIMS THEY PREPARE FOR COMPENSATION,
3. STARTING JULY 7, 2011 IRS IS SENDING OUT LETTERS TO ABOUT 100K TAX RETURN PREPARERS ACROSS THE COUNTRY WHO VIOLATED THE NEW RULES.
4. THERE ARE ABOUT 712K TAX RETURN PREPARERS ACROSS THE COUNTRY.
5. MAKE SURE YOUR TAX RETURN PREPARER SIGNS THE RETURN AND THERE IS A "PTIN" ON THE TAX RETURN.
CALL KASH AT YAJNIK & MEHTA ASSOCIATES (925) 963 4891 OR VISIT www.yajnikandmehta.com
Monday, June 27, 2011
IRS: NEW 2011 BUS. MILEAGE RATE...
IRS JUST ANNOUNCED THE NEW BUSINESS MILEAGE RATE - 55.5 CENTS PER MILE FOR THE FIRST HALF 2011. THEIR GOAL SEEMS TO OFFSET THE HIGH COST OF FUEL.
FOR MORE INFORMATION, CALL KASH @ (925) 963 4891 OR VISIT www.yajnikandmehta.com
FOR MORE INFORMATION, CALL KASH @ (925) 963 4891 OR VISIT www.yajnikandmehta.com
Monday, June 13, 2011
IRS: eFILE STATISTICS...
HIGHLIGHT eFILE DATA FOR INDIVIDUAL TAX PAYERS:
1. OVER 1 BILLION RETURNS eFILED SINCE 1986.
2. OVER 100 MILLION RETURNS WERE eFILED BEFORE APRIL 18, 2011.
FOR MORE INFO. CALL KASH YAJNIK @ (925) 963 4891, OR VISIT www.yajnikandmehta.com
1. OVER 1 BILLION RETURNS eFILED SINCE 1986.
2. OVER 100 MILLION RETURNS WERE eFILED BEFORE APRIL 18, 2011.
FOR MORE INFO. CALL KASH YAJNIK @ (925) 963 4891, OR VISIT www.yajnikandmehta.com
Monday, June 6, 2011
MOST OVERLOOKED FEDERAL TAX DEDUCTIONS...
LIST OVERLOOKED DEDUCTIONS BELOW:
1. STATE TAX REFUNDS ARE NOT BE TAXABLE TO THOSE WHO OWE AMT (ALTERNATE MINIMUM TAX) AS LONG AS REFUND IS LESS THAN THE STATE TAX DISALLOWED UNDER AMT.
2. CHARITABLE DONATIONS:
o DONORS MAY NOT DEDUCT TIME OR LABOR BUT MILEAGE OR UNIFORMS ARE DEDUCTIBLE.
o DON'T FORGET CHARITABLE PAYROLL DEDUCTIONS - NOT LISTED ON THE W2 FORM OR NO LETTER SENT TO SHOW THEM.
3. HEALTH INSURANCE PREMIUMS - FOR 2010 SELF-EMPLOYED INCOME IS REDUCED BY THE HEALTH PREMIUM WHEN SE TAX IS CALCULATED.
4. MEDICAL EXPENSES - IF OVER 7.5% OF AGI, DON'T FAIL TO DEDUCT THE EXCESS.
5. MOVING EXPENSES: TAX PAYERS WHO HAVE MOVED MORE THAN 50 MILES FOR WORK MAY QUALIFY TO DEDUCT MOVING EXPENSES - FORM 3903.
6. DOMESTIC PRODUCER DEDUCTION (DPD) 9% - FOR OIL RELATED QUALIFIED ACTIVITIES AND INCOME, USE FORM 8903, IF APPLICABLE.
CALL KASH @ YMA (925) 963 4891 OR VISIT www.yajnikandmehta.com FOR MORE INFO.
1. STATE TAX REFUNDS ARE NOT BE TAXABLE TO THOSE WHO OWE AMT (ALTERNATE MINIMUM TAX) AS LONG AS REFUND IS LESS THAN THE STATE TAX DISALLOWED UNDER AMT.
2. CHARITABLE DONATIONS:
o DONORS MAY NOT DEDUCT TIME OR LABOR BUT MILEAGE OR UNIFORMS ARE DEDUCTIBLE.
o DON'T FORGET CHARITABLE PAYROLL DEDUCTIONS - NOT LISTED ON THE W2 FORM OR NO LETTER SENT TO SHOW THEM.
3. HEALTH INSURANCE PREMIUMS - FOR 2010 SELF-EMPLOYED INCOME IS REDUCED BY THE HEALTH PREMIUM WHEN SE TAX IS CALCULATED.
4. MEDICAL EXPENSES - IF OVER 7.5% OF AGI, DON'T FAIL TO DEDUCT THE EXCESS.
5. MOVING EXPENSES: TAX PAYERS WHO HAVE MOVED MORE THAN 50 MILES FOR WORK MAY QUALIFY TO DEDUCT MOVING EXPENSES - FORM 3903.
6. DOMESTIC PRODUCER DEDUCTION (DPD) 9% - FOR OIL RELATED QUALIFIED ACTIVITIES AND INCOME, USE FORM 8903, IF APPLICABLE.
CALL KASH @ YMA (925) 963 4891 OR VISIT www.yajnikandmehta.com FOR MORE INFO.
Thursday, May 19, 2011
IRS FEDERAL TAX PAYMENT TIPS...
LIST TAX PAYER TIPS COURTESY IRS:
1. NEVER SEND CASH.
2. FOR eFILERS YOU CAN AUTHORIZE WITHDRAWALS THROUGH TAX RETURN PREPARATION SOFTWARE OR YOUR TAX PROFESSIONAL.
3. PAY BY PHONE OR ONLINE USING CREDIT OR DEBIT CARD. ePay Option.
4. PAY BY CHECK OR MONEY ORDER TO "UNITED STATES TREASURY"
ALL KASH, Yajnik & Mehta Associates @ (925) 963 4891 for more details...
1. NEVER SEND CASH.
2. FOR eFILERS YOU CAN AUTHORIZE WITHDRAWALS THROUGH TAX RETURN PREPARATION SOFTWARE OR YOUR TAX PROFESSIONAL.
3. PAY BY PHONE OR ONLINE USING CREDIT OR DEBIT CARD. ePay Option.
4. PAY BY CHECK OR MONEY ORDER TO "UNITED STATES TREASURY"
ALL KASH, Yajnik & Mehta Associates @ (925) 963 4891 for more details...
Thursday, May 5, 2011
TAX PAYER RED FLAGS...
AS A BUSINESS OWNER OR TAX PAYER, WATCH FOR RED FLAGS LISTED BELOW:
1. DON'T BE A VICTIM OF DOZEN TAX SCAMS. IF IT IS TOO GOOD, IT IS.
2. IRS VIGOROUSLY PURSUES TAX PAYERS HIDING INCOME FOREIGN BANK ACCOUNTS.
3. WATCH FOR IDENTITY THEFT & PHISHING TO GET PERSONAL & FINANCIAL INFO.
4. BEWARE OF TAX SHELTER SCHEMES.
VISIT www.yajnikandmehta.com OR CALL KASH @ (925) 963 4891 FOR DETAILS.
1. DON'T BE A VICTIM OF DOZEN TAX SCAMS. IF IT IS TOO GOOD, IT IS.
2. IRS VIGOROUSLY PURSUES TAX PAYERS HIDING INCOME FOREIGN BANK ACCOUNTS.
3. WATCH FOR IDENTITY THEFT & PHISHING TO GET PERSONAL & FINANCIAL INFO.
4. BEWARE OF TAX SHELTER SCHEMES.
VISIT www.yajnikandmehta.com OR CALL KASH @ (925) 963 4891 FOR DETAILS.
Monday, April 18, 2011
TO FILE OR NOT TO FILE ?
EITHER FILE YOUR RETURN OR EXTENSION ?
EXTEND TIME TO FILE NOT TIME TO PAY ...
CALL KASH, @ YMA (925) 963 4891 OR VISIT www.yajnikandmehta.com
EXTEND TIME TO FILE NOT TIME TO PAY ...
CALL KASH, @ YMA (925) 963 4891 OR VISIT www.yajnikandmehta.com
Friday, April 15, 2011
HOW TO EXTEND TIME TO FILE TAX RETURNS ?
YOUR TAX PREPARER NEEDS FOLLOWING DATA TO FILE EXTENSIONS. AN ESTIMATE OF:
1. YOUR TOTAL INCOME
2. YOUR EXPENSES
3. TOTAL TAX PAYMENTS / WITHHOLDINGS
4. TO DETERMINE YOUR TAX LIABILITY.
PAY AS MUCH AS YOU CAN TO REDUCE YOUR FUTURE TAXES EITHER ELECTRONICALLY OR MAIL A CHECK TO IRS.
CALL KASH YAJNIK @ YMA (925) 963 4891 OR VISIT www.yajnikandmehta.com
1. YOUR TOTAL INCOME
2. YOUR EXPENSES
3. TOTAL TAX PAYMENTS / WITHHOLDINGS
4. TO DETERMINE YOUR TAX LIABILITY.
PAY AS MUCH AS YOU CAN TO REDUCE YOUR FUTURE TAXES EITHER ELECTRONICALLY OR MAIL A CHECK TO IRS.
CALL KASH YAJNIK @ YMA (925) 963 4891 OR VISIT www.yajnikandmehta.com
Thursday, April 14, 2011
Sunday, April 10, 2011
12 MOST COMMON TAX SCAMS
1. HIDING MONEY OVERSEAS
2. IDENTITY THEFT & FISHING TO FILE FAKE RETURNS AND GET REFUNDS.
3. SHADY TAX RETURN PREPARATION.
4. FILING FALSE & MISLEADING FORMS.
5. ARGUING WITH TAX MAN ? BE POLITE & PROFESSIONAL WHEN TALKING TO IRS STAFF.
6. PROMOTERS OF FRIVOLOUS SCHEMES.
7. INFLATING YOUR WITHHOLDING CREDIT.
8. EXAGGERATING CHARITABLE CONTRIBUTIONS.
9. FISHY RETIREMENT PLANS.
10. DISGUISING YOUR COMPANY TO UNDER REPORT INCOME, MONEY LAUNDERING, ETC.
11. GIVING YOURSELF A PAY CUT TO LOWER TAXES.
12. ABUSING TRUSTS.
FOR MORE INFO, CALL KASH @YMA @(925) 931 0863, OR VISIT www.yajnikandmehta.com
2. IDENTITY THEFT & FISHING TO FILE FAKE RETURNS AND GET REFUNDS.
3. SHADY TAX RETURN PREPARATION.
4. FILING FALSE & MISLEADING FORMS.
5. ARGUING WITH TAX MAN ? BE POLITE & PROFESSIONAL WHEN TALKING TO IRS STAFF.
6. PROMOTERS OF FRIVOLOUS SCHEMES.
7. INFLATING YOUR WITHHOLDING CREDIT.
8. EXAGGERATING CHARITABLE CONTRIBUTIONS.
9. FISHY RETIREMENT PLANS.
10. DISGUISING YOUR COMPANY TO UNDER REPORT INCOME, MONEY LAUNDERING, ETC.
11. GIVING YOURSELF A PAY CUT TO LOWER TAXES.
12. ABUSING TRUSTS.
FOR MORE INFO, CALL KASH @YMA @(925) 931 0863, OR VISIT www.yajnikandmehta.com
Thursday, April 7, 2011
REPERCUSSIONS OF GOVERNMENT SHUT DOWN...
DEPENDING UPON TOTAL OR PARTIAL SHUT DOWN OF GOVERNMENT DUE TO LACK OF BUDGET AGREEMENT COULD HAVE FOLLOWING REPERCUSSIONS:
1. MINIMAL IMPACT ON ARMED FORCES
2. NO EFFECT ON FORCES IN COMBAT ZONES.
3. POSTAL SERVICES MAY BE LIMITED OR STOPPED IN SOME AREAS.
3. IRS MAY BE PARTIALLY SHUT DOWN AFFECTING REFUND CHECKS AND eFILE
ACCEPTANCE OF RETURNS.
4. SHUT DOWN OF ALL NON_ESSENTIAL SERVICES PROVIDED BY WASHINGTON ?
5 EFFECT ON SOCIAL SECURITY, MEDICARE etc. ARE NOT YET CLEAR.
STAY TUNED... DEADLINE IS FRIDAY APRIL 8, 2011 UNLESS POLITICIANS PROVIDE SHORT TERM FUNDS.
FOR MORE INFO, CALL KASH, YMA @ (925) 963 489 OR VISIT www.yajnikandmehta.com
1. MINIMAL IMPACT ON ARMED FORCES
2. NO EFFECT ON FORCES IN COMBAT ZONES.
3. POSTAL SERVICES MAY BE LIMITED OR STOPPED IN SOME AREAS.
3. IRS MAY BE PARTIALLY SHUT DOWN AFFECTING REFUND CHECKS AND eFILE
ACCEPTANCE OF RETURNS.
4. SHUT DOWN OF ALL NON_ESSENTIAL SERVICES PROVIDED BY WASHINGTON ?
5 EFFECT ON SOCIAL SECURITY, MEDICARE etc. ARE NOT YET CLEAR.
STAY TUNED... DEADLINE IS FRIDAY APRIL 8, 2011 UNLESS POLITICIANS PROVIDE SHORT TERM FUNDS.
FOR MORE INFO, CALL KASH, YMA @ (925) 963 489 OR VISIT www.yajnikandmehta.com
Wednesday, April 6, 2011
WHAT IS FILING DEAD LINE FOR LLC ?
APRIL 18, 2011.
FOE MORE INFO. CALL KASH, YMA, @ (925) 963 4891
VISIT WWW.yajnikandmehta.com
FOE MORE INFO. CALL KASH, YMA, @ (925) 963 4891
VISIT WWW.yajnikandmehta.com
Tuesday, April 5, 2011
APRIL 18 - FILING DEAD LINE.
MANY CREDITS FROM AMERICAN RECOVERY & REINVESTMENT ACT ARE AVAILABLE.
1. FREE eFILE FOR TAX PAYERS WHO EARN $58000 OR LESS
2. IF YOU CAN"T MEET THE APRIL 18 DEADLINE, FILE AN EXTENSION - FORM 4868
FOR MORE INFO, CALL KASH @ YMA (925) 963 4891 OR VISIT www.yajnikans mehta.com
1. FREE eFILE FOR TAX PAYERS WHO EARN $58000 OR LESS
2. IF YOU CAN"T MEET THE APRIL 18 DEADLINE, FILE AN EXTENSION - FORM 4868
FOR MORE INFO, CALL KASH @ YMA (925) 963 4891 OR VISIT www.yajnikans mehta.com
Monday, April 4, 2011
TAX REFUND OPTIONS..
1. DIRECT DEPOSIT IN BANK ACCOUNT - UP TO 3 WEEKS AFTER IRS ACCEPTANCE
2. BUY SAVINGS BONDS - MULTIPLES OF $50 ( $5000 MAX)
3. GET PAPER CHECK - 6 TO 8 WEEKS AFTER IRS ACCEPTANCE.
FOR MORE INFO, CALL KASH @ YMA (925) 963 4891 OR VISIT www.yajnikans mehta.com
2. BUY SAVINGS BONDS - MULTIPLES OF $50 ( $5000 MAX)
3. GET PAPER CHECK - 6 TO 8 WEEKS AFTER IRS ACCEPTANCE.
FOR MORE INFO, CALL KASH @ YMA (925) 963 4891 OR VISIT www.yajnikans mehta.com
Sunday, April 3, 2011
WHEN IS THE TAX RETURN DUE THIS YEAR ?
INDIVIDUAL TAX RETURN DUE DATE: APRIL 18, 2011
KASH @ (925) 963 4891 OR
VISIT www.yajnikandmehta.com
KASH @ (925) 963 4891 OR
VISIT www.yajnikandmehta.com
Friday, April 1, 2011
ESTIMATED TAX PAYMENTS...
IN GENERAL IF YOU ARE A SOLE PROPRIETOR, PARTNER, OR S CORP SHAREHOLDER, AND YOU EXPECT TO OWE MORE THAN $1000 IN FEDERAL TAXES WHEN YOU FILED YOUR RETURN, YOU NEED TO MAKE ESTIMATED TAX PAYMENTS :
1. FOUR QUARTERLY TAX PAYMENTS - APRIL 15, JUNE 15, SEPT 15, & JAN 15.
2. NEED TO SET UP AND PAY, THROUGH ELECTRONIC FEDERAL TAX PAYMENT SYSTEM (EFTPS).
3. DON'T FORGET THE CA ESTIMATED TAX PAYMENTS IF YOUR BUSINESS OWES MORE THAN $500.
4. FOR INDIVIDUAL TAX PAYERS WHO OWE TAXES, CALL KASH @ YMA (925) 963 4891,
TO DISCUSS ESTIMATED TAX PAYMENT REQUIREMENTS.
5. SPECIAL RULES FOR FARMERS, FISHERMAN, HOUSEHOLD EMPLOYEES, HIGH INCOME TAX PAYERS. VISIT WWW.YAJNIANDMEHTA.COM
1. FOUR QUARTERLY TAX PAYMENTS - APRIL 15, JUNE 15, SEPT 15, & JAN 15.
2. NEED TO SET UP AND PAY, THROUGH ELECTRONIC FEDERAL TAX PAYMENT SYSTEM (EFTPS).
3. DON'T FORGET THE CA ESTIMATED TAX PAYMENTS IF YOUR BUSINESS OWES MORE THAN $500.
4. FOR INDIVIDUAL TAX PAYERS WHO OWE TAXES, CALL KASH @ YMA (925) 963 4891,
TO DISCUSS ESTIMATED TAX PAYMENT REQUIREMENTS.
5. SPECIAL RULES FOR FARMERS, FISHERMAN, HOUSEHOLD EMPLOYEES, HIGH INCOME TAX PAYERS. VISIT WWW.YAJNIANDMEHTA.COM
Thursday, March 31, 2011
TAX PAYER'S RIGHTS...
TAX PAYER'S BILL OF RIGHTS:
1. PROTECTION OF YOUR RIGHTS BY IRS EMPLOYEES.
2. PRIVACY & CONFIDENTIALITY
3. PROFESSIONAL & COURTEOUS SERVICE
4. SELF OR PROFESSIONAL REPRESENTATION
5. PAY CORRECT AMOUNT OF TAX
6. HELP WITH UNRESOLVED TAX PROBLEMS
7. RELIEF FROM CERTAIN PENALTIES & INTEREST
FORE MORE INFO. CALL KASH @ YMA (925) 931 0863 or VISIT www.yajnikandmehta.com
1. PROTECTION OF YOUR RIGHTS BY IRS EMPLOYEES.
2. PRIVACY & CONFIDENTIALITY
3. PROFESSIONAL & COURTEOUS SERVICE
4. SELF OR PROFESSIONAL REPRESENTATION
5. PAY CORRECT AMOUNT OF TAX
6. HELP WITH UNRESOLVED TAX PROBLEMS
7. RELIEF FROM CERTAIN PENALTIES & INTEREST
FORE MORE INFO. CALL KASH @ YMA (925) 931 0863 or VISIT www.yajnikandmehta.com
Wednesday, March 30, 2011
TAX PAYERS WITH FOREIGN BANK ACCOUNTS...
IT ADVISABLE FOR TAX PAYERS WHO OWN FOREIGN BANK ACCOUNTS AND OTHER OVERSEAS ASSETS TO DISCLOSE THEM FULLY TO IRS. FOREIGN TAX CREDIT IS AVALABLE FOR THOSE TAX PAYERS WHO QUALIFY AND PAY OVERSEAS TAX. CALL KASH (925) 963 4891 @ YMA FOR MORE INFORMATION.
Tuesday, March 29, 2011
IRS: PERSONAL TAX RETURN DEADLINE...
APRIL 18, 2011 - DON'T BE CAUGHT NAPPING... CALL KASH @ (925) 963 4891
Monday, March 28, 2011
IRA CONTRIBUTION DEAD LINE..
2010 TAX YEAR IRA CONTRIBUTION DEAD LINE IS APRIL 18, 2011
CALL KASH @ (925) 963 4891 OR VISIT www.yajnikandmehta.com.
CALL KASH @ (925) 963 4891 OR VISIT www.yajnikandmehta.com.
Friday, March 25, 2011
BEWARE OF TAX SCAMS...
THESE SCAMS ARE ILLEGAL AND CAN LEAD TO SIGNIFICANT TAX PAYER PENALTIES, INTEREST, AND CRIMINAL PROSECUTION. TAX PAYER IS RESPONSIBLE FOR THE TAX RETURN. SO, WATCH FOR THE FOLLOWING:
1. ANYONE PROMISING YOU BIGGER REFUND WITHOUT KNOWING YOUR TAX SITUATION COULD MISLEAD YOU.
2. SIGN A TAX RETURN AFTER REVIEW FOR ACCURACY.
3. MAKE SURE PREPARER NAME, TAX ID (PTIN), TAX FIRM NAME, & DATE ARE TYPED.
4. MAKE SURE TAX PREPARER SIGNS YOUR COPY OF THE TAX RETURN.
VISIT www.yajnikandmehta.com FOR DETAILS OR CALL KASH @ (925) 963 4891
1. ANYONE PROMISING YOU BIGGER REFUND WITHOUT KNOWING YOUR TAX SITUATION COULD MISLEAD YOU.
2. SIGN A TAX RETURN AFTER REVIEW FOR ACCURACY.
3. MAKE SURE PREPARER NAME, TAX ID (PTIN), TAX FIRM NAME, & DATE ARE TYPED.
4. MAKE SURE TAX PREPARER SIGNS YOUR COPY OF THE TAX RETURN.
VISIT www.yajnikandmehta.com FOR DETAILS OR CALL KASH @ (925) 963 4891
Tuesday, March 22, 2011
YMA: WE TAKE THE TAXING OUT OF TAXES
PRINT & BRING 10% COUPON PROMO PAGE ON FIRST VISIT
www.yajnikandmehta.com
www.yajnikandmehta.com
Monday, March 21, 2011
YMA - 10% DISCOUNT COUPON
PRINT FROM PROMO PAGE www.yajnikandmehta.com, AND BRING IT FOR YOUR FIRST VISIT
Sunday, March 20, 2011
YMA COUPON -10% OFF
GO TO PROMO PAGE AT www.yajnikandmehta.com and print coupon. Bring it for your first visit.
Thursday, March 17, 2011
INVEST TAX REFUND IN SAVINGS BONDS...
ONE IRS REFUND OPTION INCLUDES BUYING SAVINGS BOND. REASONS ARE:
1. TAX PAYERS CAN DESIGNATE ANYONE TO RECEIVE A SAVINGS BOND.
2. DESIGNATE CO-OWNER OR BENEFICIARY
3. NO ROUTING NUMBER REQUIRED IN FORM 8888. THE TAX PAYER ENTERS THE BOND OWNERS NAME IN PLACE OF ROUTING NUMBER.
4. THE SAVINGS BOND WILL BE MAILED TO THE TO THE THE TAX PAYER OR PERSON DESIGNATED IN THE FORM.
FOR TAX PAYERS WITH 1040 FORM CAN USE FORM 8888 TO SPLIT REFUNDS i.e. INVEST PART IN FINANCIAL INSTITUTIONS AND INVEST PART IN SAVINGS BOND.
FOR MORE ON WHY SAVINGS BOND INVESTMENT, CALL KASH @ (925) 963 4891 OR VISIT www.yajnikandmehta.com
1. TAX PAYERS CAN DESIGNATE ANYONE TO RECEIVE A SAVINGS BOND.
2. DESIGNATE CO-OWNER OR BENEFICIARY
3. NO ROUTING NUMBER REQUIRED IN FORM 8888. THE TAX PAYER ENTERS THE BOND OWNERS NAME IN PLACE OF ROUTING NUMBER.
4. THE SAVINGS BOND WILL BE MAILED TO THE TO THE THE TAX PAYER OR PERSON DESIGNATED IN THE FORM.
FOR TAX PAYERS WITH 1040 FORM CAN USE FORM 8888 TO SPLIT REFUNDS i.e. INVEST PART IN FINANCIAL INSTITUTIONS AND INVEST PART IN SAVINGS BOND.
FOR MORE ON WHY SAVINGS BOND INVESTMENT, CALL KASH @ (925) 963 4891 OR VISIT www.yajnikandmehta.com
Tuesday, March 15, 2011
Monday, March 14, 2011
Thursday, March 10, 2011
WHICH FRIVOLOUS NON-TAX PAYMENT ARGUMENTS IRS DEBUNKS ?
HERE IS THE INFORMATION ON FRIVOLOUS NON-TAX PAYMENT ARGUMENTS IRS DEBUNKS :
1. CONTENTION THAT TAX PAYERS CAN REFUSE TO PAY TAXES ON RELIGIOUS OR MORAL GROUNDS BY INVOKING THE FIRST AMENDMENT THAT ONLY THE "EMPLOYEES" SUBJECT TO FEDERAL INCOME TAX ARE THE EMPLOYEES OF THE FEDERAL GOVERNMENT.
2. ONLY FOREIGN SOURCED INCOME IS TAXABLE.
3. TAX PAYERS WHO CLAIM THAT THEY WERE NOT CITIZENS OF THE UNITED STATES FOR FEDERAL INCOME TAX PURPOSES.
IN 2006, CONGRESS INCREASED THE PENALTY FOR FRIVOLOUS TAX RETURNS FROM $500 TO $5000.
2011 VERSION OF THE IRS DOCUMENT INCLUDES RECENTLY DECIDED CASES THAT CONTINUE TO DEMONSTRATE THAT ANY RETURNS BASED PARTLY OR WHOLLY UPON A POSITION THAT IRS CLASSIFIES AS FRIVOLOUS IS SUBJECT TO FRIVOLOUS TAX PENALTY. FOR MORE DETAILS, REFER TO THE 84 PAGE IRS DOCUMENT "THE TRUTH ABOUT FRIVOLOUS TAX ARGUMENTS"
FOR MORE INFO. CALL KASH, YAJNIK AND MEHTA ASSOCIATES @ 925 963 4891 OR VISIT www.yajniknamdmehta.com
1. CONTENTION THAT TAX PAYERS CAN REFUSE TO PAY TAXES ON RELIGIOUS OR MORAL GROUNDS BY INVOKING THE FIRST AMENDMENT THAT ONLY THE "EMPLOYEES" SUBJECT TO FEDERAL INCOME TAX ARE THE EMPLOYEES OF THE FEDERAL GOVERNMENT.
2. ONLY FOREIGN SOURCED INCOME IS TAXABLE.
3. TAX PAYERS WHO CLAIM THAT THEY WERE NOT CITIZENS OF THE UNITED STATES FOR FEDERAL INCOME TAX PURPOSES.
IN 2006, CONGRESS INCREASED THE PENALTY FOR FRIVOLOUS TAX RETURNS FROM $500 TO $5000.
2011 VERSION OF THE IRS DOCUMENT INCLUDES RECENTLY DECIDED CASES THAT CONTINUE TO DEMONSTRATE THAT ANY RETURNS BASED PARTLY OR WHOLLY UPON A POSITION THAT IRS CLASSIFIES AS FRIVOLOUS IS SUBJECT TO FRIVOLOUS TAX PENALTY. FOR MORE DETAILS, REFER TO THE 84 PAGE IRS DOCUMENT "THE TRUTH ABOUT FRIVOLOUS TAX ARGUMENTS"
FOR MORE INFO. CALL KASH, YAJNIK AND MEHTA ASSOCIATES @ 925 963 4891 OR VISIT www.yajniknamdmehta.com
Thursday, March 3, 2011
DID YOUR BUSINESS ENTITY PAY $800 ?
"CA" BASED C_CORP, S_CORP, LLC IS REQUIRED TO PAY $800 FRANCHISE TAX TO FTB.
DUE DATES ARE:
1. CALENDER YEAR BUSINESS: MARCH 15, 2011
2. FISCAL YEAR BUSINESS: 15TH DAY OF THIRD MONTH FOLLOWING THE CLOSE OF FISCAL YEAR.
FOR MORE INFO. CALL KASH YAJNIK, YAJNIK AND MEHTA ASSOCIATES @ 925 963 4891
www.yajnikandemhta.com
DUE DATES ARE:
1. CALENDER YEAR BUSINESS: MARCH 15, 2011
2. FISCAL YEAR BUSINESS: 15TH DAY OF THIRD MONTH FOLLOWING THE CLOSE OF FISCAL YEAR.
FOR MORE INFO. CALL KASH YAJNIK, YAJNIK AND MEHTA ASSOCIATES @ 925 963 4891
www.yajnikandemhta.com
Wednesday, March 2, 2011
WHO IRS IS LOOKING FOR ?
IRS HAS $1.1 BILLION REFUND MONEY FOR PEOPLE WHO DIDN'T FILE 2007 INCOME TAX RETURNS. ARE YOU ONE OF THEM ?
CALL KASH YAJNIK @ 925 963 4891 TO PREPARE YOUR 2007 TAX RETURN.
VISIT: www.yajnikandmehta.com
CALL KASH YAJNIK @ 925 963 4891 TO PREPARE YOUR 2007 TAX RETURN.
VISIT: www.yajnikandmehta.com
Monday, February 28, 2011
Thursday, February 24, 2011
" BEWARE OF FAKE IRS COMMUNICATION "
IRS DOESN'T DEMAND ITEMS LISTED BELOW:
1. DETAILED PERSONAL / FINANCIAL INFO.
2.PASS WORDS/CREDIT/DEBIT CARD/BANK OR FINANCIAL ACCOUNT DATA.
3. IRS DOESN'T SEND eMAILS OR SEND YOU TO IRS WEB LINKS.
DON'T OPEN ATTACHMENTS - THEY MAY HAVE VIRUS.
4. IRS OFFICIAL WEB ADDRESS IS: www.irs.gov.
NOTHING THAT ENDS IN .org, .net.,.com, etc.
5. WHEN IN DOUBT CONTACT IRS @ 1 800 829 1040
DON'T BE A FRAUD VICTIM...
For more Info Call Kash Yajnik, @ Yajnik and Mehta Associates (925) 963 4891.
1. DETAILED PERSONAL / FINANCIAL INFO.
2.PASS WORDS/CREDIT/DEBIT CARD/BANK OR FINANCIAL ACCOUNT DATA.
3. IRS DOESN'T SEND eMAILS OR SEND YOU TO IRS WEB LINKS.
DON'T OPEN ATTACHMENTS - THEY MAY HAVE VIRUS.
4. IRS OFFICIAL WEB ADDRESS IS: www.irs.gov.
NOTHING THAT ENDS IN .org, .net.,.com, etc.
5. WHEN IN DOUBT CONTACT IRS @ 1 800 829 1040
DON'T BE A FRAUD VICTIM...
For more Info Call Kash Yajnik, @ Yajnik and Mehta Associates (925) 963 4891.
Wednesday, February 23, 2011
Tuesday, February 22, 2011
Monday, February 21, 2011
S-CORP/C-CRP FILING DEAD LINE - MARCH 15, 2011
For More Information call Kash Yajnik @ Yajnik & Mehta Asociates (YMA),
(925) 963 4891 or visit
(925) 963 4891 or visit
YMA Web: www.yajnikandmehta.com
YMA Linkedin Page: http://www.linkedin.com/groups?mostPopular=&gid=3293542
Friday, February 18, 2011
WHEN CAN INDIVIDUAL TAX RETURNS BE eFILED ?
IRS STARTED TO PROCESS ELECTRONICALLY FILED ( eFILED) TAX RETURNS ON FEBRUARY 15, 2011. UNTIL THEN THE COMPUTERS WERE BEING PROGRAMMED FOR THE CHANGES IN NEW TAX LAW.
AS A RESULT 2011 TAX SEASON HAS BEEN REDUCED TO JUST OVER 2 MONTHS. PLEASE DON'T PROCRASTINATE.
For More Information call Kash Yajnik @ Yajnik & Mehta Asociates (YMA), (925) 963 4891
AS A RESULT 2011 TAX SEASON HAS BEEN REDUCED TO JUST OVER 2 MONTHS. PLEASE DON'T PROCRASTINATE.
For More Information call Kash Yajnik @ Yajnik & Mehta Asociates (YMA), (925) 963 4891
YMA Web: www.yajnikandmehta.com
YMA Linkedin Page: http://www.linkedin.com/groups?mostPopular=&gid=3293542
Friday, February 11, 2011
"WHAT ACTION TO TAKE IF YOU DIDN'T RECEIVE "W2" FORM ?
YOUR EMPLOYER / EMPLOYERS SHOULD SEND "W2" FORM - THE " EARNINGS STATEMENT " BY JAN 31, 2011. SUGGEST FOLLOWING ACTIONS YOUR " W2 " DIDN'T ARRIVE BY THEN:
1. CONTACT THE EMPLOYER TO SEE IF CORRECT ADDRESS IS ON YOUR HR RECORDS FILE. GIVE THEM CORRECT ADDRESS AND REASONABLE TIME TO REISSUE "W2" FORM.
2. IF YOU DON"T RECEIVE " W2 ' BY FEB 14, 2011, CALL IRS FOR ASSISTANCE AT 800 829 1040. HAVE EMPLOYMENT RECORDS READY WHEN YOU CALL INCLUDING SSN, TEL #
3. FILE YOUR RETURN WITH YOUR ANNUAL EMPLOYMENT EARNINGS STATEMENT ESTIMATE IF YOU DON'T RECEIVE YOUR "W2" FORM. YOU MAY FILE EXTENSION FORM 4852. YOU MAY ALSO USE SUBSTITUTE W2 FORM. WHEN YOU RECEIVE YOUR "W2" FORM YOU MAY FILE 1040X TO AMEND YOUR RETURN.
1. CONTACT THE EMPLOYER TO SEE IF CORRECT ADDRESS IS ON YOUR HR RECORDS FILE. GIVE THEM CORRECT ADDRESS AND REASONABLE TIME TO REISSUE "W2" FORM.
2. IF YOU DON"T RECEIVE " W2 ' BY FEB 14, 2011, CALL IRS FOR ASSISTANCE AT 800 829 1040. HAVE EMPLOYMENT RECORDS READY WHEN YOU CALL INCLUDING SSN, TEL #
3. FILE YOUR RETURN WITH YOUR ANNUAL EMPLOYMENT EARNINGS STATEMENT ESTIMATE IF YOU DON'T RECEIVE YOUR "W2" FORM. YOU MAY FILE EXTENSION FORM 4852. YOU MAY ALSO USE SUBSTITUTE W2 FORM. WHEN YOU RECEIVE YOUR "W2" FORM YOU MAY FILE 1040X TO AMEND YOUR RETURN.
YMA Web: www.yajnikandmehta.com
YMA Linkedin Page: http://www.linkedin.com/groups?mostPopular=&gid=3293542
YMA Facebook Page:
http://www.facebook.com/pages/Yajnik-Mehta-Associates/158173734230162
For More Information call Kash Yajnik @ Yajnik & Mehta Asociates (YMA), (925) 963 4891
For More Information call Kash Yajnik @ Yajnik & Mehta Asociates (YMA), (925) 963 4891
Friday, February 4, 2011
MAKE "WORK PAY " CREDIT..
THIS CREDIT IS BASED ON EARNED INCOME IN TAX YEAR 2010. IT'S HIGHLIGHTS ARE:
1. 400$ FOR SINGLES & 800$ FOR MARRIED FILING JOINT RETURN(MFJ).
2. IT IS GIVEN IN PAY CHECKS THROUGH REDUCED WITHOLDING AMOUNT.
3. 1040 & 1040A FILERS USE SCHEDULE "M" TO CLAIM THIS CREDIT.
4 1040EZ FILERS USE WORKSHEET TO FIGURE THIS CREDIT.
5. THIS CREDIT IS ELIMINATED FOR INCOME OVER 190K$ FOR MFJ RETURN.
1. 400$ FOR SINGLES & 800$ FOR MARRIED FILING JOINT RETURN(MFJ).
2. IT IS GIVEN IN PAY CHECKS THROUGH REDUCED WITHOLDING AMOUNT.
3. 1040 & 1040A FILERS USE SCHEDULE "M" TO CLAIM THIS CREDIT.
4 1040EZ FILERS USE WORKSHEET TO FIGURE THIS CREDIT.
5. THIS CREDIT IS ELIMINATED FOR INCOME OVER 190K$ FOR MFJ RETURN.
YMA Web: www.yajnikandmehta.com
YMA Linkedin Page: http://www.linkedin.com/groups?mostPopular=&gid=3293542
YMA Facebook Page:
http://www.facebook.com/pages/Yajnik-Mehta-Associates/158173734230162
For More Information call Kash Yajnik @ Yajnik & Mehta Asociates (YMA), (925) 963 4891
For More Information call Kash Yajnik @ Yajnik & Mehta Asociates (YMA), (925) 963 4891
Saturday, January 29, 2011
FREE NATION WIDE TAX HELP ! ! !
FREE TAX SERVICE IS AVAILABLE FOR ALL TAX PAYERS NATION WIDE THROUGH VOLUNTEER INCOME TAX ASSISTANCE (VITA) CENTERS WHO HAVE
1. INCOME LESS THAN 49,000$.
2. FOR NEAREST VITA CENTER CALL (800) 906 9887
1. INCOME LESS THAN 49,000$.
2. FOR NEAREST VITA CENTER CALL (800) 906 9887
YMA Web: www.yajnikandmehta.com
YMA Linkedin Page: http://www.linkedin.com/groups?mostPopular=&gid=3293542
YMA Facebook Page:
http://www.facebook.com/pages/Yajnik-Mehta-Associates/158173734230162
For More Information call Kash Yajnik @ Yajnik & Mehta Asociates (YMA), (925) 963 4891
For More Information call Kash Yajnik @ Yajnik & Mehta Asociates (YMA), (925) 963 4891
Monday, January 24, 2011
TAX INFO & CREDITS EDU SEMINAR @ 12 PM 1/25/11
RSVP DAWN, (925) 846 5858 X202, Pleasanton Chamber Of commerce
YMA Web: www.yajnikandmehta.com
YMA Linkedin Page: http://www.linkedin.com/groups?mostPopular=&gid=3293542
YMA Facebook Page:
http://www.facebook.com/pages/Yajnik-Mehta-Associates/158173734230162
Kash Yajnik, TEL: (925) 963 4891
Kash Yajnik, TEL: (925) 963 4891
Friday, January 21, 2011
LOOK FOR "PTIN" IN YOUR FEDERAL TAX RETURNS...
NEW REGULATIONS REQUIRE THAT ALL PAID TAX PREPARERS SHOULD APPLY FOR AND GET PREPARER TAX IDENTIFICATION NUMBER (PTIN), INCLUDING THOSE WHO ALREADY HAVE ONE, BEFORE PREPARING FEDERAL RETURNS IN 2011.
THIS IS DONE BY IRS TO REGULATE TAX PREPARATION INDUSTRY. THE TAX RETURN PREPARERS HAVE TO REGISTER WITH IRS AND MEET CONTUING EDUCATION REQUIREMENTS AND FOLLOW ETHICAL STANDARDS PER IRS CIRCULAR 230.
LOOK FOR PTIN NUMBER BOX FILLED IN BY THE TAX RETURN PREPARER IN 1040 FORMS. FOLLOW ON THE BLOG AND POST YOUR COMMENTS.
THIS IS DONE BY IRS TO REGULATE TAX PREPARATION INDUSTRY. THE TAX RETURN PREPARERS HAVE TO REGISTER WITH IRS AND MEET CONTUING EDUCATION REQUIREMENTS AND FOLLOW ETHICAL STANDARDS PER IRS CIRCULAR 230.
LOOK FOR PTIN NUMBER BOX FILLED IN BY THE TAX RETURN PREPARER IN 1040 FORMS. FOLLOW ON THE BLOG AND POST YOUR COMMENTS.
YMA Web: www.yajnikandmehta.com
YMA Linkedin Page: http://www.linkedin.com/groups?mostPopular=&gid=3293542
YMA Facebook Page:
http://www.facebook.com/pages/Yajnik-Mehta-Associates/158173734230162
Kash Yajnik, TEL: (925) 963 4891
Kash Yajnik, TEL: (925) 963 4891
Saturday, January 15, 2011
NEW WEBSITE AND NEW LINKS...
CHECK THESE OUT AND POST COMMENTS OR QUESTIONS:
YMA Web: www.yajnikandmehta.com
YMA Linkedin Page: http://www.linkedin.com/groups?mostPopular=&gid=3293542
YMA Facebook Page:
http://www.facebook.com/pages/Yajnik-Mehta-Associates/158173734230162
THANKS..
KASH YAJNIK
(925) 963 4891
THANKS..
KASH YAJNIK
(925) 963 4891
Friday, January 7, 2011
WHEN SHOULD I FILE FEDERAL TAX RETURN ?
FILE A RETURN IF FOLLOWING SITUATIONS APPLY:
1. IT DEPENDS UPON YOUR FILING STATUS AND GROSS ANNUAL INCOME. IF THE GROSS ANNUAL INCOME EXCEEDS STANDARD DEDUCTION PLUS THE EXEMPT
PERSONAL INCOME, THE TAX RETURN SHOULD BE FILED.
2. FILE A RETURN TO GET BACK WITHHELD TAX EVEN IF YOU DON'T HAVE TO FILE A RETURN.
3. FILE A RETURN TO CLAIM TAX CREDITS SUCH AS MAKING WORK PAY CREDIT, EARNED INCOME CREDIT, ADDITIONAL CHILD TAX CREDIT, EDUCATION
(AMERICAN OPPORTUNITY) CREDIT, FIRST TIME HOME BUYER CREDIT, HEALTH COVERAGE CREDIT ETC.
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. Post Comments on Blog Pages.
1. IT DEPENDS UPON YOUR FILING STATUS AND GROSS ANNUAL INCOME. IF THE GROSS ANNUAL INCOME EXCEEDS STANDARD DEDUCTION PLUS THE EXEMPT
PERSONAL INCOME, THE TAX RETURN SHOULD BE FILED.
2. FILE A RETURN TO GET BACK WITHHELD TAX EVEN IF YOU DON'T HAVE TO FILE A RETURN.
3. FILE A RETURN TO CLAIM TAX CREDITS SUCH AS MAKING WORK PAY CREDIT, EARNED INCOME CREDIT, ADDITIONAL CHILD TAX CREDIT, EDUCATION
(AMERICAN OPPORTUNITY) CREDIT, FIRST TIME HOME BUYER CREDIT, HEALTH COVERAGE CREDIT ETC.
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. Post Comments on Blog Pages.
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