" What To Do If You Missed The Tax Deadline? "

IRS suggests following actions if you missed April 15, 2013 Tax Deadline :
1.  File As Soon As Possible.
2. If you owe Taxes, Penalties and Interest may accrue. For a reasonable cause IRS may abate penalties but not Interest.
3. eFile is your best option.
4. Taxpayers whose Income is less than $57,000,  qualify for Free eFile with Major Software Brands
5. Pay as much as you can. IRS will bill you for the balance.
6. Installment Agreements are Available.
7. Refunds may be waiting up to three years. Unclaimed Refunds will go to the US Treasury.

For Q & A Contact :
Kash, @ Yajnik & Mehta Associates (925) 963 4891
Linked-In :   kyajnik@yajnikandmehta.com
Facebook :  kash@yajnikandmehta.com  
Twitter :       Kash_Yajnik@kash_yajnik 

" Watch Out For Most Common Tax Return Errors... "

IRS listed most common Tax Return Errors to avoid.  Watch out for these Errors if you are prepare and file your Tax Return in a Hurry without Review:

1. Incorrect or Missing Social Security Numbers.
2. Misspelled Or Incorrect Names
3. Filing Status Errors
4. Math Mistakes
5. Credit Or Deduction Calculation Errors.
6. Incorrect Bank Account Numbers
7. Unsigned or Non-dated Forms
8. Electronic Signature Errors.

For Q & A Contact :
Kash, @ Yajnik & Mehta Associates (925) 963 4891
Linked-In :   kyajnik@yajnikandmehta.com
Facebook :  kash@yajnikandmehta.com  
Twitter :       Kash_Yajnik@kash_yajnik 

" IRS Vision Of April 15th..."

From IRS Point Of View these points describe April 15th Calendar Of Events:
1. No Refund Pay Out for 2009 Taxpayer Returns.
2. Last date to Start Collection Process if the Taxpayer owes money on 2009 Tax Returns.
3.  Were The Paper Filed 2009 Tax Returns timely i.e. Post Marked April 15th ?
4.  Make sure that Penalties & Interest are applied on the Late Returns where money is owed to IRS.
5.  For 2012 Tax Returns were enough taxes withheld/paid to cover Tax Liability with Extensions filed ?
6  What Penalties and Interest charges apply for Tax Payer Liability?
7.  To Gather Tax Statistics for Tax Year 2012 Returns.
8.  How to improve Income Tax Filing, Processing, Collection, Enforcement Processes, and make current Tax laws Fairly Applicable to all the citizens.

For Q & A Contact :
Kash, @ Yajnik & Mehta Associates (925) 963 4891
Linked-In :   kyajnik@yajnikandmehta.com
Facebook :  kash@yajnikandmehta.com  
Twitter :       Kash_Yajnik@kash_yajnik 

" Cliam It Or Lose It.." IRS

Dead Line to Claim 2009 Tax Year Refund is April 15, 2013.   The Refund pot for 2009 is $917 Million.
In order to Claim the Refund following steps are required:
1. File 2009 Tax Returns - Federal & CA to Claim the Refund Amount.
2. Paper File The Returns before the Due date 0f April 15, 2013.
3. If Tax Payer Owes money, IRS will charge Penalty and Interest on the amount owed.
IRS Will keep the Unclaimed Refund Pot.
For Q & A Contact :
Kash, @ Yajnik & Mehta Associates (925) 963 4891
Linked-In :   kyajnik@yajnikandmehta.com
Facebook :  kash@yajnikandmehta.com  
Twitter :       Kash_Yajnik@kash_yajnik