L & L Tax Services

Good morning! Tax Organizers went out yesterday, so let's get prepared to maxmize that refund!

Don't forget that the deadline this year is April 17th!! Remember that even if you file an extension interest and penalties begin on April 18th!

Don't forget that if you efile by 11:00 am February 1st your refund will be deposited on February 8th!

Don't forget that the making work pay credit ($400.00) has expired. You cannot claim it on your 2011 tax return. Schedule M is no longer in use.

The amount you can deduct for each exemption has increased. It was $3,650 for 2010. It is $3,700 for 2011.

Efile by 11:00 am February 1st and have your refund deposited on February 8th!

Effective on July 1, 2011, the business rate increases from 51 cents per mile to 55.5 cents. The medical or moving expense rate increases from 19 cents to 23.5 cents. The charitable rate remains at 14 cents.

California residents; Make sure your tax preparer is registered with CTEC

Don't stress! I can help!

The IRS admits that taxpayers are overpaying their taxes to the tune of 2 BILLION DOLLARS yearly due to not taking all the deductions they are legally entitled to take!