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.
Monday, August 22, 2011
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.
Subscribe to:
Posts (Atom)