G&G Associates Tax & Financial Consulting
Amended Taxes for Service Connected Disabled Veterans
Hotep (Peace & Blessings) G&G Readers,
If you are a member or former member of the uniformed services of the United States (as defined in 37 U.S.C. 101(3)) who has made an election under Subchapter I of Chapter 73 of Title 10 of the U.S. Code (also referred to in this section as the Retired Serviceman's Family Protection Plan (10 U.S.C.1431)) to receive a reduced amount of retired or retainer pay, gross income shall include the amount of any reduction made in his retired or retainer pay then you may be able to take advantage of this tax deduction. The Regulation of the tax code I’m referencing is 26 Code of Federal Regulation (CFR) Section 1.122-1.
Ok… so what does all this mean? Let me break it down to you in pilot terms or better yet give it to you from the 20,000 ft. view. If you retired from the military with 20 years or greater time in service ”AND” you are a disabled veteran rated 90 percent or less then you possibly may be eligible to use this regulation to amend your taxes with the IRS and get back a sizeable refund. This tax break would apply to your Federal and State tax returns.
Now, this rule has been in place for years but if you don’t claim what’s rightfully yours, then sometimes what you don’t know can actually hurt you or at least your pockets.
So Far ... G&G Associates has helped disabled veterans retrieve over $300,000 in tax refunds for this mostly unknown regulation. But, it's only available to those who claim what's rightfully theirs.
Unfortunately, the IRS only lets you go back 3 years to amend your taxes. So, you could possibly miss out on claiming a refund lawfully yours if you procrastinate and do not take advantage of this tax break you could literally be letting thousands of dollars go down the drain.
If you'd like to have your taxes amended (Federal and State) and possibly receive a refund, please get in contact with me ASAP and I’ll tell you what I need to see if you are eligible to take advantage of this deduction.
Click on the link below to review 26 CFR 1-122.1 so you can hopefully gain a better understanding of this benefit.
Click on link below for info needed to see if you qualify for the deduction. Contact G&G Associates to setup an appointment:
Please pass this information along to other service connected disabled veterans so that they can be made aware of this great tax benefit.
G&G Tax & Financial Consulting Services
G & G Associates is a Black-Owned Business focused on easing its 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.
*** G&G Tax Preparation Services “Price Guarantee”; We Guarantee to beat any other “tax professional’s” price.
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 2011 taxes completed with G&G Associates.
Also, active duty and retired military receive a 15% discount off our fees and Seniors (65 and older) receive a 25% discount.
Sign up for a G&G Investment Society (GGIS) Lifetime Subscription and you’ll get a 50% discount “FOR LIFE” on getting your Taxes Prepared through G&G Associates.
If you need a one-on-one consultation to evaluate your financial situation, contact me to setup an appointment and get 2011 started off on a good note.
As always…feel free to pass this info on to anyone who may be interested in increasing their financial IQ.
Thanks for reading,
Ankh Uja Snb (Life, Health, Strength),
Asar Maa Ra Gray
Tax & Financial Consultant, RFC
866-361-3872 toll free fax
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“The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” –
John Maynard Keynes
**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’ or VA Amendment CFR 26 § 1.122-1]
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LEGAL NOTICE: This work is based on SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. Nothing herein should be considered personalized investment advice. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.