Saturday, January 29, 2011

FREE NATION WIDE TAX HELP ! ! !

FREE TAX SERVICE IS AVAILABLE FOR ALL TAX PAYERS NATION WIDE THROUGH VOLUNTEER INCOME TAX ASSISTANCE (VITA)  CENTERS WHO HAVE
1. INCOME LESS THAN 49,000$.
2. FOR NEAREST VITA CENTER CALL (800) 906 9887
 YMA Facebook Page: 
http://www.facebook.com/pages/Yajnik-Mehta-Associates/158173734230162
For More Information call  Kash Yajnik @ Yajnik & Mehta Asociates (YMA),  (925) 963 4891   
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Monday, January 24, 2011

TAX INFO & CREDITS EDU SEMINAR @ 12 PM 1/25/11

  RSVP DAWN, (925) 846 5858 X202, Pleasanton Chamber Of commerce

 YMA Facebook Page: 
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Friday, January 21, 2011

LOOK FOR "PTIN" IN YOUR FEDERAL TAX RETURNS...

NEW REGULATIONS REQUIRE THAT ALL PAID TAX PREPARERS SHOULD APPLY FOR AND GET PREPARER TAX IDENTIFICATION NUMBER (PTIN), INCLUDING THOSE WHO ALREADY HAVE ONE, BEFORE PREPARING FEDERAL RETURNS IN 2011.

THIS IS DONE BY IRS TO REGULATE TAX PREPARATION INDUSTRY. THE TAX RETURN PREPARERS HAVE TO REGISTER WITH IRS AND MEET CONTUING EDUCATION REQUIREMENTS AND FOLLOW ETHICAL STANDARDS  PER IRS CIRCULAR 230.
LOOK FOR PTIN NUMBER BOX FILLED IN BY THE TAX RETURN PREPARER IN 1040 FORMS. FOLLOW ON THE BLOG AND POST YOUR COMMENTS.

 YMA Facebook Page: 
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Saturday, January 15, 2011

NEW WEBSITE AND NEW LINKS...

CHECK THESE OUT AND POST COMMENTS OR QUESTIONS:
 YMA Facebook Page: 
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Friday, January 7, 2011

WHEN SHOULD I FILE FEDERAL TAX RETURN ?

FILE A RETURN IF FOLLOWING SITUATIONS APPLY:

1.  IT DEPENDS UPON YOUR FILING STATUS AND GROSS ANNUAL INCOME. IF THE GROSS ANNUAL INCOME EXCEEDS STANDARD DEDUCTION PLUS THE EXEMPT
 PERSONAL INCOME, THE TAX RETURN SHOULD BE FILED.
2. FILE A RETURN TO GET BACK WITHHELD TAX EVEN IF YOU DON'T HAVE TO FILE A RETURN.
3. FILE A RETURN TO CLAIM TAX CREDITS SUCH AS MAKING WORK PAY CREDIT, EARNED INCOME CREDIT, ADDITIONAL CHILD TAX CREDIT, EDUCATION
(AMERICAN OPPORTUNITY) CREDIT, FIRST TIME HOME BUYER CREDIT, HEALTH COVERAGE CREDIT ETC.


FOLLOW ME FOR TAX INFO   --> CALL KASH YAJNIK , AT (925) 963 4891   OR VISIT   http://www.yajnikandmehta.com/  OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
Join Linkedin "Tax Matters" Group for discussion.  Post Comments on Blog Pages.
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Wednesday, December 29, 2010

2010 TAX RETURN DELAY. . .

WHILE THE TAX SEASON FOR MOST PEOPLE STARTS IN JANUARY 2011, PLEAE NOTE THAT IRS NEEDS TIME TO REPROGRAM TEIR COMPUTERS FOR THE CHANGES IN THE NEWLY SIGNED TAX LAW IN DEC 2010.  THESE CHANGES AFFECT THE INDIVIDUAL TAX PAYERS WITH FOLLOWING DEDUCTIONS:

1. STATE & LOCAL TAX DEDUCTIONS
2. TUTION & FEES DEDUCTIONS
3. EDUCATOR EXPENSES DEDUCTION
4. 1040 FORM SCHEDULE A FILERS.

THE IRS COMPUTERS SHOULD BE READY BY MID TO LATE FEBRUARY 2011. 

FOLLOW ME FOR TAX INFO   --> CALL KASH YAJNIK , AT (925) 963 4891   OR VISIT   http://www.yajnikandmehta.com/  OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
Join Linkedin "Tax Matters" Group for discussion.
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Thursday, December 23, 2010

NEW TAX LAW CHANGE - SOCIAL SECURITY WITHOLDING

1. IRS IS GOING TO INFORM EMPLOYERS TO CUT THE SOCIAL SECURITY WITHHOLDING BY 2% AND THERE BY THE SOCIAL SECURITY TAX FOR ALL THE EMPLOYEES.  THE INTENT IS THAT 2%  TAX REDUCTION WILL BOOST THE ECONOMY IN 2011.

2. THIS CHANGE WILL BE IN EFFECT LATEST BY JAN 31, 2011.

3. EMPLOYERS WILL HAVE TO UPDATE THEIR PAY ROLL SYSTEMS TO MAKE THIS CHANGE AND SO JANUARY 31 2011 IS TARGETED FOR CHANGE TO BE IN EFFECT.

FOLLOW ME FOR TAX INFO   --> CALL KASH YAJNIK , AT (925) 963 4891   OR VISIT   http://www.yajnikandmehta.com/  OR BLOG: http://yma-tax-bookkeeping-payroll.blogspot.com/ OR
Join Linkedin "Tax Matters" Group for discussion.
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