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

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

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.

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

Tuesday, March 22, 2011

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

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

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

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