Monday, April 30, 2012

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

Monday, April 23, 2012

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.



Monday, April 16, 2012

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..

Monday, April 9, 2012

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.

Monday, April 2, 2012

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