LOW RATES LDA LEGAL SERVICES

** Attorneys Available

 
Company Info
 
806 North Broadway
Santa Ana, CA 92701

Tel (714) 835-5844
Fax (714) 835-5856
mail@communitylegalaid.com
 
 

What's New or Extended for the 2011 Tax Season?

Education Tax Breaks: Under the American Recovery and Reinvestment Act (ARRA), more parents and students will qualify over the next two years for a tax credit, the American Opportunity Credit, to pay for college expenses that has been extended until December 2012.

Mortgage Workouts, Now Tax-Free for Many Homeowners; Claim Relief on Newly-Revised IRS Form IR-2008-17, Feb. 12, 2008 - Homeowners whose mortgage debt was partly or entirely forgiven during 2007 may be able to claim special tax relief by filling out newly-revised Form 982 and attaching it to their 2007 federal income tax return, according to the IRS.

Note: Legislation enacted in October 2008 extended this relief through 2012. Thus this relief now applies to debt forgiven in calendar years 2007 through 2012.

**The above articles have been compiled from the IRS website.

Basic Tips in filing your tax return:

I always recommend my clients to get a manila envelope or a shoebox or any small box, and write the tax year at the beginning of each year. Then throughout the year place all of your receipts, whether they are doctors receipts or gasoline receipts (if you are self-employed and/or use your vehicle for business purposes) or any receipt or paper containing any information you may think it could be tax deductible. This makes it easier for you at the end of the year to separate the different expenses you had, and have it ready in writing for your tax preparer. Remember most tax preparers are not accountants - who charge you a monthly fee or extra fee to maintain or prepare your accounting plus a fee to prepare your taxes- and you need to provide them with accurate information. Any item you are not sure your tax preparer can tell you if it is tax deductible or not.

ITIN/SS Numbers: If you, your spouse or any of your dependents do not have a valid social security card and can't obtain one, you can claim your dependent. Tell your tax preparer and he/she will prepare the W-7 form along with your tax return requesting an ITIN (Individual Taxpayer Identification Number) for tax purposes. Provide your tax preparer the following documentation of the person or persons including children that are applying for the ITIN:

  • Certified Copy of their Birth Certificate
  • A valid Driver License or Identification Card (if adult)
  • Copies of their school records for the tax year (if a child)
  • Copy of their Vaccination Record (if non-school aged child)
  • After your return is filed and you have not received your refund if any: To find out where is your refund from the IRS- click the link below and follow the instructions.

    Where's My Refund? Get the lowdown on your refund now. Secure access anytime from anywhere. What a deal!

    Have a Happy 2011 Tax Season!

     
    Income Taxes
     
     
    **Fully Bonded
    CTEC Registered Tax Preparer

    Our 2012 Tax Season starts on January 16th. Our office will be opened Monday, Tuesday, Wednesday & Fridays from 9:00 AM to 5:00 PM, Thursdays from 9:00 AM to 7:00 PM and Saturdays from 11:00 AM to 5:00 PM to accommodate all our clients.

    We thank all of our loyal clients for their support and welcome the new ones!!

    You can have your Income Tax Declaration prepared for as low as $35.00 dollars depending on your deductions including the electronic filing fee. The State of California (Franchise Tax Board) and starting this year, the IRS, require your tax preparer to file your income tax declaration electronically.

    We offer the Electronic Filing Service. You receive your Tax Refund in 2 to 3 weeks instead of 8 weeks. This service is offered with or without direct deposit at no extra charge (your refund is deposited directly into your checking or savings account). Due to recent IRS regulation, most banks have cancelled their RAL program (you receive your check in 24 hours), and therefore we will not provide the RAL Refund Service as other years. .

    To our loyal clients, for our 2012 tax season, you should check your mail starting the second week of December 2011 for our $5.00 coupon flyer toward your tax preparation. And don't forget to bring it with you!

    If you have not yet prepared your tax return for this year or prior years, we can help you.

    Call us today (714) 835-5844 and get an appointment immediately.

    Walk-ins Welcome!!

     
     
     
     

    We accept major credit cards & debit cards

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