" What Are Post October 15, Tax Return Filing Implications ? "

When Tax Payer Files Tax Return after October 15, implications for Federal Tax and CA Returns are Listed Below::
1. The Federal & CA Tax Return can only be Paper Filed i.e. eFile Option is not available.
2. If the Tax Payer Owes money to IRS, following Penalties may apply:
       o  Failure To File Penalty
       o  Failure To Pay Penalty
       o  Electronic Payment Withdrawal Option From Tax payer Account is Not Available
3. If the Tax Payer is getting a Refund:
       o  Failure To File Penalty may apply.
       o  Refund Check will be processed in 6 weeks and mailed to Tax Payer.
       o  eDeposit Of Refund Check into Multiple Checking Accounts is not Available.

For More Information or Q & A Contact : 
Kash, @ (925) 963 4891

Yajnik & Mehta Associates  (YMA) 
Facebook : www.facebook.com/yma.taxpro
Twitter :     http://twitter.com/kash_yajnik
Linked-In URL:
http://www.linkedin.com/company/3246905?trk=tyah&trkInfo=tas%3Ayajnik%20and%20mehta%2Cidx%3A1-1-1

" When Will I get My IRS Refund Check ? "

Scenario:   
Taxpayer Filed Extension, before April 15th, and Does the following:
1.  eFiled  2012 Tax Return Before Octo 15, 2013.
2. Requested a Refund Check for 1000 $.
The Question is " When Will I get my Refund Check ? "
The Answer is - After the Government Shut Down Is Over.
The IRS is not sending out the Refund Checks as long a the Government is shut down. So Expect a delayed check.

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

" How Government Shut Down Affects IRS In SF East Bay Area ? "

Effects Of Current Government Shut Down on IRS in East Bay area are as follows:
1.  IRS Walnut Creek Tax Payer Center is closed.
2.  Refund Checks won't be sent.
3. Tax Courts are Closed.
4. Continue to eFile Tax Returns Until October 15, 2013.
5.  Many IRS Departments are closed - So call before sending items.
6. Much Longer Wait Times on IRS Telephone Calls.

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