" What Are The Effects Of Early Retirement Withdrawals ? "

Tax Payers need to plan for the Effects Of Early Retirement Plan Withdrawals i.e.Retirement Plan Withdrawals Before the Age of 59 1/2 Years.  These withdrawals can be Taxable or Non-Taxable.
1.  Non Taxable Withdrawals - Check out the Applicable Exceptions .  Rollover Assets from one Retirement plan to another within 60 days.
2. ** Taxable Distributions -  Unless the Exceptions apply, they have two major impacts:
          o   Penalty -  10% IRS Penalty plus 2.5 % California Penalty.
          o   Taxable Distribution -  Taxpayer Taxable at the Marginal Tax Rate
              ** Suggest Taxpayer to Put aside these amounts to Avoid Future shock of Tax Liability.
3.  Form 5329 - File for Additional Taxes if applicable.

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 :  https://www.linkedin.com/nhome/?goback=%2Ebzo_*1_*1_*1_*1_*1_*1_*1_*1_yajnik*5and*5mehta*5associates&trk=hb_signin

" Is Unemployment Income Taxable? "

Unemployment Compensation is Taxable at Federal Level.  Taxpayer receives 1099-G Form stating the Taxable Unemployment Income and Taxes Withheld by Jan 30 of the following year.
Union Benefits may also be Taxable.  Generally, it is a good idea to withhold Taxes form the Unemployment Compensation to avoid future Tax burden.  Fill out Form W- 4V to withhold Taxes from Unemployment Income.
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 :  https://www.linkedin.com/nhome/?goback=%2Ebzo_*1_*1_*1_*1_*1_*1_*1_*1_yajnik*5and*5mehta*5associates&trk=hb_signin

" Do You Qualify For Free File IRS Program? "

If your Income was less than $60,000 in TY 2014, you Qualify for Free File From IRS. About 70% of the Americans are estimated to Qualify.
IRS Free File Program High Lights:
1. Fillable Tax Electronic Versions Of Forms
2.  Partnerships with 14 Tax Software Manufacturers making their Products Free.
3. Free efile on IRS.Gov
4.  Free Extensions
5.  Quick Refunds with IRS efile.
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 :  https://www.linkedin.com/nhome/?goback=%2Ebzo_*1_*1_*1_*1_*1_*1_*1_*1_yajnik*5and*5mehta*5associates&trk=hb_signin

YMA - REFERRAL REWARD PROGRAM

" REFERRAL REWARDS PROGRAM "

1. YMA BUSINESS TAX RETURNS OR  BOOK KEEPING OR PAY ROLL   ---  $50 CHECK

2. YMA INDIVIDUAL TAX RETURNS ----   $50  CHECK

3.  YMA TAX PROBLEM REFERRAL ----    $100 CHECK

4. QUALIFICATION

 Tri-Valley Chambers of Commerce Members, And Clients Qualify for the YMA Promotional Program.        Please notify YMA about the Referral Before the First YMA Meeting.  Program Expires 12/31/2015.

 5.  YMA REFERRAL CHECK WILL BE ISSUED IN THE LAST WEEK OF APRIL 2015 

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

" Does Tax Payer Need a Child To Claim Earned Income Credit ? "

While there are many qualifiers when claiming EIC, Tax Payer Can claim EIC even if there are No children.Tax Return Preparers will also use Due Diligence while qualifying EIC applicants to prevent EIC abuse.

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

" Business Expense Deduction - IRS Guide Lines "

Free Lunch & Learn Educational Seminar February 13, 2014, Pleasanton Chmaber of Commerce. Wish You a Very Happy 2014 as we usher in  the Following Presentations:

 

1. Business  Expenses  - IRS Guidelines - 30 Minutes, Kali & Kash Yajnik

2.  Financial Planning  - 30 Minutes , Mike Levy, LPL Financial 

3. Location - Conference Room, Pleasanton Chamber Of Commerce, 777 Peters Ave

4. Date - Feb 13, 2013 from 12 PM - 1 PM - Lunch Served

5.  Limited  Seating - Confirmation Required for Head Count

 

Kali & Kash Yajnik

Yajnik and Mehta Associates (YMA)

"Number Crunchers"

O: (925)  931 0863

F:  (925) 931 0873

kyajnik@yajnikandmehta.com

 

" What Benefits Do YMA Tax Clients Get ?"

Yajnik & Mehta Assocates (YMA) is in 11th year of Tax Return Preparation & IRS Representation Business for Individuals & Businesses in the Tri-Valley area.

We offer the following benefits to our clients through out the year:

1. FREE Tax Planning.

2. FREE Tax Consultation.

3. FREE IRS / CA FTB Audit Assistance.

4. FREE Annual Tax Return Warranty.

5. FREE Senior Home Visits

6. FREE Tax Q&A 
7. Deep Discount For War Veterans.

We provide Face time, Flexible Hours from our Home/ Office. 
We provide Tax Firm Like Services without the Office Overhead and Pass Savings to Customers.

For Q & A Contact : 
Kash, @ Yajnik & Mehta Associates (925) 963 4891Yajnik & 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