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