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