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
Monday, April 18, 2011
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
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