" A Happy New Year.."

Yajnik & Mehta Associates wish " A Happy 2013 " to Everyone... 

For Q & A, Call Kash @ (925) 963 4891

2012 Happy Holidays...

Yajnik & Mehta Associates wish their Clients and Friends 
" Happy, Joyous, And Fun Filled Holidays "

For Tax Q & A, call Kash @ Yajnik and Mehta Associates (925) 963 4891

Dirty Dozen Tax Scams: #5 Frivolous Arguements

2011 Dirty Dozen Tax Scams According to IRS, will be listed and explained to the informed Tax Payer.

#5 Frivolous Arguments  - Promoters Of Frivolous Schemes encourage Tax Payers to make unreasonable and outlandish claims to avoid paying taxes they owe. IRS Has a list  of Frivolous Tax Positions that Tax Payers should avoid.  These arguments are false and have been thrown out by Tax Courts. Tax Payers have Right to dispute their Tax Liabilities in courts, but there is no justification to disobey the Tax Laws and avoid paying fair share of their taxes.
For Q & A, call Kash @Yajnik And Mehta Associates - (925) 963 4891

Dirty Dozen Tax Scams: #4 Filling False or Misleading Forms

2011 Dirty Dozen Tax Scams According to IRS, will be listed and explained to the informed Tax Payer.

#4 Filling False or Misleading Forms - Such forms are used to claim Refunds the Tax payer is not entitled to. A Variation of this scheme involves fabricating information return and falsely claiming the corresponding as withholding.  Generate Fake Form 1099 claiming false withholding, credits to legitimize the Refunds.
IRS Takes Refund fraud seriously and has programs in place to stop such practices.  Don't be a victim to people who encourage you you to claim deductions or credits you are not entitled or willingly allow others to use the information to file the false returns.
For Q & A, call Kash @ Yajnik & Mehta Associates (925) 963 4891.

Dirty Dozen Tax Scams: #3 Tax Return Preparer Fraud...

2011 Dirty Dozen Tax Scams According to IRS, will be listed and explained to the informed Tax Payer.

#3 Tax Return Preparer Fraud -
Attempt to skim a portion of their client's Refunds, Charge Inflated Fees for Tax Return Preparation. They attract new clients by making false promises of larger refunds or using fake credits and filing fraudulent returns. Beware of Tax preparers who don't sign their name or don't give Tax Payers a Copy of their Tax Return. 
IRS has introduced new standards including Preparer Identification ID (PTIN) tracking and monitoring Continuing Education Credits with mandatory Education in Ethics. Paid Preparers need to sign their name and Put their PTIN on the Tax Return. This should lead to better Tax Service experience for the Tax payers. For Q & A Call Kash @yajnikandmehta.com (925) 931 0863 

Dirty Dozen Tax Scams: #2 Identity Theft & Phishing...

2011 Dirty Dozen Tax Scams According to IRS, will be listed and explained to the informed Tax Payer.

#2 Identity Theft & Phishing - Attempt to Steal Tax Payer's Identity by Securing Name, Social Security Number, Credit Card Number Or Other Personal information without permission to commit Fraud or Other Criminal Activities. Phishing is one technique used to trick a victim into revealing personal or Financial information on line, through use of Phoney Web Sites or Fake emails, including Social Media. Sometimes Faking IRS eMails or Letters etc.
For Q & A Call Kash @yajnikandmehta.com (925) 931 0863 

Dirty Dozen Tax Scams: #1 Hiding Income Overseas

2011 Dirty Dozen Tax Scams According to IRS, will be listed and explained to the informed Tax Payer.

#1 Hiding Income Overseas - IRS Aggressively pursues Abusive Offshore transactions as well as promoters, professionals, and others who enable Taxpayers to Avoid or Evade U.S. Income Tax by Hiding Income in overseas Banks, Brokerage, or through use of Nominee Entities. Tax Payers evade taxes by using Offshore Debit Cards, Credit Cards, Wire Transfers, Foreign Trusts, Employee Leasing Schemes, Private Annuities, or Insurance Plans. 
IRS has opened a Special Second Voluntary Disclosure Initiative for Tax payers with Foreign Accounts. The Civil and Criminal Penalties can be very heavy for the offending Tax payers. Go to www.irs.gov for details.
For Q & A Call Kash @ Yajnik and Mehta Associates (925) 963 4891

How Presidential Election effects 2013 Tax Policy ?

Welcome and vote in tomorrow's 2012 Presidential Election.  While the debates gave us some idea of the different 2013 Tax Policies, note the following unspoken words:
1.  Current 2% Employee Wages tax break i.e. 4.2 % Tax will be gone in 2013.
2. No matter who is the President, taxes will go up.
3. How does one reduce the National Budget Deficit without Increasing Taxes and or Reducing the Expenses? 
Sit back and enjoy the election returns, and different election races.
For Tax Q & A, call Kash @ Yajnik and Mehta Associates @ 925 963 4891

" How to plan for Taxes in Electioon Year ? "

Tax Planning is difficult in Election Year due to the uncertainty of the New and Current Tax Law Changes in post election period. Suggest the following incremental steps for Tax Planning:
1.  Plan for taxes based upon the present Tax Laws up to Dec 20th.
2.  By January 1, the new Tax Laws would be known, so tweak the Tax Plan as required in January.
3.  Some Tax planning may still be inadequate - correct it later on.
YMA Clients are offered Free Tax Planning through out the year. Take advantage of it.  For Q & A Call Kash @ Yajnik and Mehta Associates (925) 963 4891

" What Are The Repercussions Of Post October 15, Tax Return Filing ? "

The Repercussions of Post October 15, Tax Return filing are as follows:
1. No eFile - Only Paper File Tax Return
2. No  ePayment - Only Pay by Mail
3. No eRefund Deposit - Receive a check by Mail
4.  All these situations will add time delay in Tax Return Processing
5.  If Tax Payer Owes money, then following penalties may apply:
     o  Late Filing Fee
     o  Failure to File Return
     o Late Payment Penalty
For Q & A, Call Kash @ Yajnik And Mehta Associates (925) 963 4891

" TAX Return Deadline - Octo 15, 2012 "

The New Deadline to File your Personal Tax Return is October 15, 2012.  Note Second Extension is not available. If you miss this following penalties may apply:
1. Late Filing Fees
2. Failure To File Tax Return
For Q & A, Call Kash, Yajnik & Mehta Associates @ (925) 963 4891

" What are the Tax Consequences of Your Home Short Sale ? "

When the Principal Residence of a Tax Payer is sold in a Short Sale, the following Tax Consequences may be expected for a Recourse Mortgage Loan or Loans:
1. Expect 1099-C or 1099-A Or Both in the following Tax Year from the Primary Mortgage Bank for the property sold.
2.  Expect 1099-C or 1099-A Or Both in the following Tax Year from the Line Of Credit (LOC) Bank for the Primary Residence sold if there is LOC.
3. If the Tax Payer is Insolvent before the Short Sale Date, Insolvency Work Sheet needs to be prepared.
4. Tax Payer's Credit Rating will be down graded for at least 3 years.
5. Figure Out Debt Cancellation Income.
6. Debt Cancellation Income is added to Annual Overall Income for Tax Calculation.
If you the Short Sale is planned properly, you shouldn't be surprised when the Tax Return is prepared in the following year. For Q & A, call Kash @ Yajnik & Mehta Associates (925) 963 4891

" Did You File Extension For Your 2012 Personal Tax Return ? "

The New Deadline to File your Personal Tax Return is October 15, 2012.  Note Second Extension is not available. If you miss this following penalties may apply:
1. Late Filing Fees
2. Failure To File Tax Return
For Q & A, Call Kash, Yajnik & Mehta Associates @ (925) 963 4891

" Do You Know What Is StandDown ? "

StandDown is a term used during war to describe the practice of Removing Combat Troops from the Field and taking care of their basic needs in a safe area....

Yajnik and Mehta Associates offered Free Tax Consultation to our war veterans and thanked them for their service to our country.  The East Bay StandDown was in the Pleasanton Fair Grounds from Spt 13 through Spt. 16, 2012.  This is a Biannual Event.  The next one will be held in 2014.


For your Tax Q & A Call Kash @ Yajnik and Mehta Associates (925) 963 4891

Did You File Extension in April 2012 ?

Filing Tax Return Extension extends Time To File But Not Time To Pay. The last date to file Individual Tax Return is October 15, 2012 if you filed an Extension. Second Extension is not available. If a tax return is Filed in time the following penalties may apply:
1. Penalty For Late Filing
2. Late Payment Penalty
3. Failure to File a Tax Return

For Q & A Call Kash @ (925) 963 4891.  Email : Kash @ yajnikandmehta.com

" What Business Tax Return Deadlines are coming up ?

If you have filed Business Return Extensions the following Deadlines are looming in near future:
1. C-Corp Tax Return -  September 17, 2012
2. S-Corp Tax Return  - September 17, 2012
3.  LLC - Multi Partner - September 17, 2012
4. Partnerships            - September 17, 2012
Tip:   Remember it's extension to file not Extension to Pay 
For Q & A Call Kash @ (925) 963 4891.  Email : Kash @ yajnikandmehta.com

" When To Seek A Tax Professional ? "

In certain situations it is advisable to seek a Tax Professional such as Yajnik And Mehta Associates.  While the cost of Tax Professional Service is generally high, the following reasons make it very desirable:
1. When you receive IRS Letter describing the Tax Return Examination Process and referring to Tax matters that you don't understand, or don't have time to address, or you feel a need to be defended in the Tax issues raised in the IRS letter.
2.  IRS seeks your response within 30 days. So, the earlier you hire a Tax Representative, the greater the response time for your defense in IRS Audit.
3.  Remember Tax Research time is critical in preparing your case defense
4. Recommend open communication with your Tax Representative. Attorney Client Privilege applies to your communication.
5.  If the Tax Law Violation charges are Criminal in Nature, you must have Criminal Attorney Specializing in Tax Laws Represent you in Tax Court.
Remember the Adage:  " Person who represents himself in court has a fool for a lawyer. "
For Tax Q & A call Kash @ Yajnik And Mehta Associates (925) 963 4891.
Email:  kyajnik@yajnikandmehta.com

" When Not to Use Low End Tax Software ? "

While low price is the most attractive reason to Low End Tax Software, consider some of the reasons why it might get you in trouble:
1. Multiple states Return Usually Requires more expensive solution because of tax differing treatment of many items in different states.
2.  More Complicated Tax Returns usually require Tax Research and customized tax solutions for different tax payers.
3. Tax Tip:  When you find that the Tax Program is asking for data you aren't sure of or the Tax Knowledge required to address your tax situation is beyond your scope, it is time to find a Tax Professional to seek the help.
4.  When you need to Amend Prior Year Tax Return, the Tax Program gets more expensive.
For Tax Q & A call Kash @ Yajnik And Mehta Associates (925) 963 4891.
Email:  kyajnik@yajnikandmehta.com

" When To Use Low Price Tax Software ? "

In Some Situations Listed Below, It is Advisable To Use Low Price or On Line Software:
1. For Simple Tax Returns  - Students, First Time Job Seekers, First Home Buyers, Etc. it is prudent to buy low end software such as Tax Cut, or Turbo Tax.
2. For Some Self Employed Sole Proprietors, Micro or Start Up Business, Or New Franchises, Industry Specific Low End Software is Recommended.
3. Single State Returns are better processed by low end software.
4. Tax Software Tip:  If the answer to a tax question is unknown to the user, Seek On Line Help, or Do the Tax Research to get correct answers. Don't Guess Answers.
5. For Q & A Call Kash @ Yajnik And Mehta Associates @ 925 963 4891.

" What Are The Tax Consequences Of Not Filing a Tax Return By Octo 15? "

If you owe money to IRS, The Tax Consequences can be as follows:
1.  Failure to File a Tax Return Penalty
2.  Penalty For Late Filing 
3. Interest Charges on the Payment Owed to IRS.
For Q & A, Call Kash 925 963 4891@ Yajnik and Mehta Associates.

WHAT TO DO AFTER FILING TAX EXTENSION IN APRIL 2012?

REMEMBER EXTENSION TO FILE TAX RETURN IS NOT AN EXTENSION TO PAY TAXES.  IF YOU OWE TAXES, IT IS BETTER TO FILE TAX RETURN AS EARLY AS POSSIBLE TO REDUCE THE INTEREST CHARGE.  A SECOND EXTENSION IS NOT AVAILABLE.  eFILE TAX RETURN BY OCTO 15, 2012.
FOR Q & A CALL KASH @ YAJNIK AND MEHTA ASSOCIATES 925 963 4891

DID YOUR CORP. FILE EXTENSION?

WHEN THE S-CROP. , C-CORP FILES AN EXTENSION BY MID MARCH, THE 2011 TAX RETURN NEED TO BE FILED BY SPT. 15, 2012. A SECOND EXTENSION IS NOT AVAILABLE.  IT IS AN EXTENSION TO FILE NOT EXTENSION TO PAY IRS.

FOR Q & A CALL KASH @ YAJNIK AND MEHTA (925) 963 4891

WHAT TAXPAYERS WITH FOREIGN BANK ACCOUNTS NEED TO KNOW ?

IRS OVERSEAS TAX COLLECTION EFFORT ON WORLDWIDE INCOME OF US CITIZENS NETTED IRS 5 B$ THROUGH OFFSHORE VOLUNTARY DISCLOSURE PROGRAM (OVDP).
TOTAL OF 33,000  DISCLOSURES.
THIS IS DONE UNDER THE FOREIGN ACCOUNT TAX COMPLIANCE ACT (FATCA) TO STOP OFFSHORE TAX EVASION AND ENSURE TAX COMPLIANCE.
FOR Q & A,  CALL KASH @ YAJNIK AND MEHTA ASSOCIATES  (925) 963 4891

WHAT TO DO IF YOU GET IRS LETTER ?

TYPICALLY YOU HAVE 30 DAYS TO REPLY IRS NOTICE.  YOU HAVE TWO OPTIONS :
1.  LOWEST COST - HANDLE THE IRS INQUIRY YOUR SELF i.e. SELF REPRESENTATION...
2.  HIRE A TAX PROFESSIONAL TO REPRESENT YOU i.e. ENROLLED AGENT, TAX LAWYER OR CPA.  THIS CAN BE EXPENSIVE BUT ITS ADVANTAGES ARE:
      A)  YOU ARE FREE OF ALL IRS COMMUNICATION - REPRESENTATIVE HANDLES IT.
      B)  YOU GET A BUFFER BETWEEN YOU & IRS WHO DEFENDS YOU.
      C)  YOU CAN DEVOTE YOUR TIME TO PRODUCTIVE ACTIVITIES.
CALL KASH @ YAJNIK & MEHTA ASSOCIATES, (925) 963 4891 FOR Q & A.

WHAT TO DO AFTER FILING TAX RETURN EXTENSION ?

ACTIONS TO TAKE AFTER FILING THE EXTENSION:
1.  MAKE PAYMENTS PER IRS AGREEMENT IF YOU OWE TAXES.
2. FILE THE RETURN BY OCTOBER 15, 2012.
FOR Q&A CALL KASH@ 925 963 4891

WHAT TO DO IF YOU MISSED TAX DEADLINE ?

SUGGEST FOLLOWING ACTIONS IF YOU MISSED THE IRS TAX DEADLINE APRIL 17, 2012:
1. FILE TAX RETURN AS SOON AS POSSIBLE - DON'T PANIC.
2. IRS FREE FILE IS AVAILABLE FOR TAX PAYERS WITH LESS THAN $57,000 INCOME.
3. eFILE IS YOUR BEST OPTION UP TO OCTO 15, 2012.
4. PAY AS MUCH AS YOU CAN.
5. WORK OUT PAYMENT ARRANGEMENT - CALL NEAREST IRS OFFICE.
6. PENALTIES & INTEREST MAY BE DUE. - EARLY FILING WILL MINIMIZE THESE.
7. YOUR REFUNDS MAY AWAIT YOU - FILE TO CLAIM.
FOR Q & A CALL KASH @ YAJNIK AND MEHTA ASSOCIATES, TEL : 925 963 4891

WHAT TO DO IF YOU RECEIVE IRS LETTER ?

REASONS WHY IRS SENDS LETTER OR NOTICE TO TAX PAYERS:
1. REQUEST PAYMENT
2. NOTIFY TAX ACCOUNT CHANGES
3. REQUEST ADDITIONAL DOCUMENTATION.

ACTIONS TO TAKE:
1. READ THE LETTER AND TAKE ACTIONS SPECIFIED IN THE LETTER ASAP.
2. IF TAX ACCOUNT IS CORRECTED AND YOU AGREE WITH CHANGES, GENERALLY NO  ACTION IS REQUIRED UNLESS PAYMENT IS DUE OR DIRECTED OTHERWISE.
3. IF YOU DISAGREE THAN RESPOND AS SPECIFIED IN THE LETTER
4. HANDLE CORRESPONDENCE BY CALLING OR VISITING IRS OFFICE.
5. KEEP A COPY OF CORRESPONDENCE UNTIL THE TAX MATTER IS RESOLVED.
6. IRS COMMUNICATES BY ONLY BY US MAIL.
7. IRS NEVER SENDS eMAILS ABOUT TAX RETURNS, TAX ACCOUNTS, OR TAX MATTERS.

IF ALL FAILS, CALL KASH @ (925) 931 0863 ABOUT IRS LETTERS.

WHAT ARE THE APRIL 17 TAX DEADLINE OPTIONS ?

TAX PAYERS FACING APRIL17 2012 DEADLINE HAVE FOLLOWING OPTIONS:
1.  IRS FREE FILE
2. IRS eFILE
3. FILE EXTENSION FORM 4868 By 4/17/12.
4. ELECTRONIC PAYMENT - CREDIT OR DEBIT CARD
5. PAY BY PHONE
6. SEND PAYMENT CHECKS BY MAIL.
7. REQUEST ADDITIONAL TIME FOR FULL PAYMENT - 120 DAYS.
8. EXTEND TIME TO PAY - FILE FORM 1127A FOR LATE PENALTY WAIVER BY 4/17/12
9. INSTALLMENT AGREEMENT
CALL KASH (925) 963 4891 FOR Q & A..

WHAT 4 WAYS TO PAY IRS ?

LIST FEDERAL TAX PAYMENT OPTIONS:
1.  PAY BY CREDIT OR DEBIT CARD
2. ON LINE PAYMENT AGREEMENT FOR SHORT ADDITIONAL TIME TO PAY.
3. PENALTY RELIEF ON SIX MONTH GRACE PERIOD FOR CERTAIN WAGE EARNERS.
4. INSTALLMENT AGREEMENT FOR TAX PAYERS WHO OWE MORE THAN $50,000.
 CALL KASH @ (925) 963 4891 FOR Q & A.

TAX DEAD LINE - FILE OR EXTEND?

INDIVIDUAL TAX RETURNS DEAD LINE - APRIL 17, 2012.
EITHER FILE TAX RETURN OR EXTENSION - REMEMBER EXTENSION TO FILE NOT EXTENSION TO PAY....
FOR Q & A CALL KASH @ (925 ) 963 4891

WHAT IRS TIPS FOR TAX PAYERS WITH FOREIGN INCOME ?

SEE THE TIPS ON OVERSEAS INCOME FROM IRS:
1. FOR US CITIZENS RESIDING OVERSEAS, THEIR TAX RETURNS ARE DUE 6/15/2012.
2. US CITIZENS AND RESIDENT ALIENS MUST REPORT WORLD WIDE INCOME PER FEDERAL TAX LAWS.
3. FOR FOREIGN BANKS ACCOUNT HOLDERS & TAX PAYERS WITH FINANCIAL ASSETS, FILE FORM TD F 90-22.1 WITH TREASURY DEPT. BY 6/30/2012.
4. FOREIGN EARNED INCOME EXCLUSION IS $92,900 FOR OVERSEAS WAGE EARNERS.
5. FOREIGN TAX CREDIT OR DEDUCTION OF FOREIGN TAXES IS AVAILABLE. 
6. FOR AGI LESS THAN $57,000, TAX PAYERS CAN USE " FREE eFILE " PROGRAM.
FOR Q & A CALL KASH (925) 963 4891

WHEN CAN HEALTH INSURANCE FOR SELF EMPLOYED BE A TAX BREAK ?

ACCORDING TO IRS - SELF EMPLOYED PEOPLE PAYING FOR MEDICAL, DENTAL, OR LONG TERM CARE INSURANCE CAN GET SPECIAL TAX DEDUCTION FOR INSURANCE PAID FOR YOU, YOUR SPOUSE, & DEPENDENTS.  TO QUALIFY ONE OF THE FOLLOWING CONDITIONS MUST BE MET:
1. NET INCOME FROM SCHEDULE C, C-EZ, OR SCHEDULE- F.
2. PARTNER'S SHARE OF SCHEDULE K1 INCOME  - BOX 14, CODE A
3. S-CORP SHARE HOLDER OWING MORE THAN 2% STOCK - W2 WAGE STATEMENT
FOR MORE Q&A CALL KASH @ (925) 963 4891

DID YOUR CORPORATION FILE 2012 TAX RETURN ?

THE DEAD LINE FOR C-CORP. OR S-CORP. TO FILE 2012 TAX RETURN IS 3/15/2012.
IF YOU CAN'T FILE THE RETURN IN TIME., YOU MIGHT FILE A SIX MONTH EXTENTION.
AS ALWAYS, EXTENSION TO FILE IS NOT EXTENSION TO PAY.
FILE FORM 7004 BY THE MARCH DEAD LINE.
CALL KASH @(925) 963 4891 FOR TAX Q & A.

HOW TO CLAIM SLICE OF 1B$ IRS REFUND PIE?

IRS ANNOUNCED IT HAS 1 BILLION DOLLARS FOR PEOPLE WHO HAVE NOT FILED 2008 TAX RETURN - 122,500 MILLION DOLLARS FOR CALIFORNIANS WITH AVERAGE REFUND $595.
TO COLLECT THE MONEY A TAX RETURN MUST BE FILED NO LATER THAN APRIL 17, 2012 SHOWING THE REFUND AMOUNT CLAIMED. IF THE RETURNS ARE NOT FILED TIMELY, IRS GETS 1 B$ RICHER.

MAKE APPOINTMENT TO FILE YOUR 2008 TAX  RETURN WITH KASH @ (925) 963 4891

2012 DIRTY DOZEN TAX SCAMS - IRS

TAXPAYERS, SCAMS ALERT:
1. IDENTITY THEFT
2. PHISHING - LURING EMAILS TO STEAL YOUR PERSONAL & FINANCIAL INFO.
3. RETURN PREPARER FRAUD - QUESTIONABLE / UNAUTHORIZED PREPARERS.
4. HIDING INCOME OFFSHORE.
5. FREE IRS OR SOCIAL SECURITY MONEY ADS IN CHURCHES & COMMUNITIES.
6. FALSE / INFLATED INCOME & EXPENSES FOR LARGER REFUNDS.
7. FALSE FORM 1099 REFUND CLAIMS - CREATE FALSE 1099 DOCS FOR LARGER REFUND
8. FRIVOLOUS ARGUMENTS TO AVOID OR EVADE LAWFUL TAXES.
9. FALSELY CLAIMING ZERO WAGES TO ILLEGALLY LOWER TAXES.
10. ABUSE OF CHARITABLE DEDUCTIONS & ORGANIZATIONS.
11. DISGUISED CORPORATE OWNERSHIP - UNDER REPORT INCOME TO LOWER TAXES.
12. MISUSE OF TRUSTS - SHIFT INCOME & DEDUCT EXPENSES TO LOWER  TAXES.

IS BARTER INCOME TAXABLE ?

SMALL BUSINESS OWNERS SOMETIMES BARTER PRODUCTS AND SERVICES THEY NEED. THE FAIR MARKET VALUE OF PRODUCT OR SERVICES THEY RECEIVE IS TAXABLE INCOME ACCORDING TO IRS.
1. ORGANIZED BARTER EXCHANGES IS REQUIRED TO ISSUE 1099-B FOR PROCEEDS  FROM BARTER TRANSACTIONS TO THEIR MEMBERS.
2. BARTER OR TRADE DOLLARS ARE IDENTICAL TO REAL DOLLARS FOR TAX REPORTING PURPOSES.
3. FAIR MARKET VALUE OF BARTER PRODUCTS OR SERVICES IS REPORTED ON TAX RETURN.
4. INCOME FROM BARTERING IS TAXABLE IN THE YEAR IT IS PERFORMED. IT MAY RESULT IN BUSINESS INCOME, TAX LIABILITIES, AND CAPITAL GAINS OR LOSSES.

CALL KASH @ (925) 963 4891 ON TAX Q & A.

TAX TIP 2 - MISSING W2 FORM ?

FOLLOW THESE STEPS IF YOU HAVE NOT RECEIVED W-2 FORM - WAGES & INCOME STATEMENT BEFORE JAN 31 2012:
1. CONTACT YOUR EMPLOYER SO THAT IT CAN BE RESENT IF LOST IN MAIL.
2. REQUEST DUPLICATE W-2 OR CREATE W2-S SUBSTITUTE FORM FROM LAST PAY STUB..
3.  IF IT IS INCORRECT REQUEST CORRECTED - W2-C FORM.
4.  AFTER FEB 14, 2012 REQUEST A COPY FROM IRS.
5. FILE YOUR TAX RETURN BY APRIL 17, 2012 WITH BEST AVAILABLE INFORMATION.
6. AMEND RETURN LATER IF REQUIRED.
FOR Q & A CALL KASH @ 925 963 4891.

TAX TIP1...

DIRECT DEPOSIT YOUR TAX REFUND INTO A BANK ACCOUNT FOR THE FOLLOWING REASONS:
1. AVOIDS FISHING LEADING TO IDENTITY THEFT PROBLEMS.
2.  FAST AND EASY.
3.  EASY TO TRACK.
4.  YOU MAY SPLIT REFUND IN TO THREE DIFFERENT ACCOUNTS.
5.  REMEMBER - IRS NEVER SENDS EMAILS TO TAX PAYERS i.e. IRS CORRESPONDS  THROUGH US MAIL
FOR TAX QUESTIONS CALL KASH @ 925 963 4891

2012 NEW CLIENT PROMOTION...

YAJNIK AND MEHTA ASSOCIATES OFFERS 15% DISCOUNT ON BUSINESS AND PERSONAL TAX RETURN PREPARATION. CALL KASH 925 963 4891 FOR Q & A.

2012 YEAR WISHES ! !

YAJNIK AND MEHTA ASSOCIATES WISH YOU A HAPPY AND PROSPEROUS NEW YEAR ! EXPECT TAX DOCS TO ARRIVE BY JAN 31 2012...
FOR SHORT Q & A CALL KASH @ (925) 963 4891