G&G Associates Tax & Financial Consulting
*IRS to Start Processing Delayed Returns on Feb. 14
Most People Unaffected and Can File Now*
Imhotep (Wisdom To You) G&G Readers,
WASHINGTON -- The Internal Revenue Service plans a Feb. 14, 2011 start date for processing tax returns delayed by last month's tax law changes. The IRS reminded taxpayers affected by the delay they can begin preparing their tax returns immediately because many software providers are ready now to accept these returns.
Beginning Feb. 14, the IRS will start processing both paper and e-filed returns claiming itemized deductions on Schedule A, the higher education tuition and fees deduction on Form 8917 and the educator expenses deduction. Based on filings last year, about nine million tax returns claimed any of these deductions on returns received by the IRS before Feb. 14.
People using e-file for these delayed forms can get a head start because many major software providers have announced they will accept these impacted returns immediately. The software providers will hold onto the returns and then electronically submit them after the IRS systems open on Feb. 14 for the delayed forms.
Taxpayers using commercial software can check with their providers for specific instructions. Those who use a paid tax preparer should check with their preparer, who also may be holding returns until the updates are complete.
Most other returns, including those claiming the Earned Income Tax Credit (EITC), education tax credits, child tax credit and other popular tax breaks, can be filed as normal, immediately.
The IRS needed the extra time to update its systems to accommodate the tax law changes without disrupting other operations tied to the filing season. The delay followed the Dec. 17, 2010 enactment of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, which extended a number of expiring provisions including the state and local sales tax deduction, higher education tuition and fees deduction and educator expenses deduction.
G&G TAX PREPARATION SERVICES
G & G Associates is a Black-Owned Business focused on easing our client's minds on tax compliance matters. With the ever changing and burdensome tax code, overwhelming and confusing federal and state tax forms and increasing IRS scrutiny over most tax items, taxpayers need to have at least this one part of their lives made easier, less stressful and more profitable.
Our expert help includes our:
In-Depth Interview — a thorough and complete experience designed to unearth every tax savings opportunity during the course of your tax preparation. We use these to the latest IRS guidelines to guide you through a painless, interactive session so that together, we catch every single detail that results in more tax savings for you.
We can service clients anywhere in the world and we look forward to assisting you in getting your tax return prepared for the 2010 tax season. (Referrals available upon request).
If you are a returning client you'll get a 25% discount off your tax preparation fees. If you are a new client you'll get $40 off with this offer if you file your taxes before March 15th, 2011. If you are a senior citizen (above 65) you get a 50% discount.
At G&G Associates, we GUARANTEE to beat any other tax professional’s fees. We take pride in not nickeling and diming our customers with unnecessary charges & fees.
Do you have a friend, co-worker or family member who might be interested in G&G Associates Tax Preparation Services? If so, then you can earn $40 for everyone you refer that files their 2010 tax returns with us. Just refer that person, and when we complete their tax return we will send you a check for $40. To make the deal even sweeter, after (4) four referrals you will get your 2010 or 2011 taxes done for free.
For INSTRUCTIONS on how to get your taxes prepared visit our website, click on the "TAXES" tab and then download the "Tax Preparation Worksheet," or the left side of the page or click on the following link: http://www.gngassoc.com/pdf/Tax_Prep_Worksheet.pdf
*** G&G Tax Preparation Services “Price Guarantee”; We Guarantee to beat any other “tax professional’s” price.
Also, all new clients get a 50% discount off the 1 – year annual subscription to G&G Investment Society (GGIS) paid newsletter service a ($49) value.
Also, all new clients will get a “FREE” 1 hour Financial Success Strategy Consultation appointment a ($200) value.
We also pay a $40 (unlimited) referral fee for any client you refer that gets their 2010 taxes completed with G&G Associates.
"The hardest thing in the world to understand is income taxes." Doing Your Taxes doesn't have to be difficult. You could do it yourself but that's like changing your own oil, what else could be wrong with the car? Let us do the job for you accurately and efficiently to get you all the money you deserve.
Visit our website for more information or contact us today to set your appointment.
Until the next time!
Ankh Uja Snb (Life, Strength, & Health),
Asar Gary Gray
Tax & Financial Consultant, RFC
866-361-3872 toll free fax
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**You must be a G&G Associates tax client to receive the $40 referral fee
*** [Price Guarantee does not apply to individuals, corporations or partnerships filing refunds pertaining to Revenue Ruling 2009-20/2009-09, ‘Ponzi Schemes’]
P.S. If you're not a GGIS Paid Subscriber reader yet, it's not a bad way to start the year. Currently, our GGIS portfolio is packed with great plays to kick-start your portfolio for 2011.
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