Tax time doesnt need to be stressful. Our certified tax preparers will take care of the details for you so you can just relax.
Book an appointment today!
Are you ready to be confident with MJS ?
We speak your Tax Lanauage. Call now
" I can't TELL you how happy I am to finally be free from
what had become a very difficult situation."
D. Linton Los Angeles,CA
" I just wanted to write and tell you
what a great help you have been to
me and my company "
M. Crawford Manhattan Beach, CA
"I just wanted to say your staff
was amazing!! Highly recommended!"
Eric Bay Riverside, CA
What Our Clients
Say About Us
Never Settle For Less.
Our Philosophy - Business Management and Fast available Tax Services
MJS & Associates income tax preparation office give you service, the way it's meant to be. Friendly, accurate and with a money back guarantee. We make customers our priority.
So when you're looking for a tax preparation firm, MJS & Associates is the best choice. MJS & Associates provides computerized income tax preparation service, electronic filing, audit assistance and free review of income tax returns.
" I cant TELL you how happy I am to finally be free from
D. Linton Los Angeles, CA
me and my company"
"I just wanted called to say i love you
and i mean it from my heart"
Nicole Jones Los Angeles, CA
Tax service solutions to suit all your income tax return preparation needs.
When you visit MJS & Associates, you can rely on real help from real people – and for products and tax services with real benefits.
Take a look at what MJS offers:
Year Round Support – Our offices are open year round to serve your needs.
Satisfaction Guarantee – Our offices guarantee service 100%. If you are not satisfied for any reason, the office will refund your preparation fees.
Accuracy Guarantee – Our offices will give you the most accurate return and the largest possible refund. If the office makes an error in the preparation of your return that results in penalties and interest, the office will reimburse you for the associated penalty and interest initially assessed.
Free Consultation – Information and consultations are always free at MJS & Associates.
Audit Assistance – If the IRS audits you for a return we prepared, we will accompany you to the audit to offer assistance by explaining how the return was prepared.
Correspondence Assistance – We will help you handle all IRS and state tax return correspondence that you get, including audits, letters and inquiries about your tax return.
Free Copies – At any time, you can get copies of your paid tax return for free.
- Visit our local MJS Tax office and one of our certified tax preparers will file your taxes for you.
Select one of our filing options below to choose the best tax service for your need.
Paper Returns – Return done as a standard paper return and must be mailed by you to the IRS. You will receive your refund by check or direct deposit in an estimated 5 to 7 weeks.
Electronic Filing - Electronically file return to IRS with your refund sent to you via check in an estimated 21 to 28 days or directly deposited to your bank account by the IRS in an estimated 8 to 15 days. Electronic Refund Check or Deposit (ERC or ERD)* – Typically in 8 to 15 days of electronic filing of tax return.
*A Tax Refund Administration Fee will apply to Electronic Refund Checks (ERC) and Electronic Refund Deposits (ERD). A Refund Anticipation Loan (RAL) may be applied for in addition to an ERC or ERD, and if approved a Finance Charge and Credit Investigation Fee will apply. ERCs, ERDs and RALs are products provided by Republic Bank & Trust Company. Consult with your MJS Tax preparer about tax return filing options. In Maine, tax refunds can be obtained without a loan or extra fees if tax returns are electronically filed with direct deposit.
"This tax season the buzz is all about e-filing."
By sending in your taxes to the IRS or your state’s Department of Revenue electronically, you jump ahead of the line when it comes to processing those returns. E-filing ensures that your tax returns are filed the fastest way possible, and arrive in a format easy to process.
Fast tax return delivery + ready-to-process returns = QUICK REFUNDS!
Just how much faster is electronic tax filing over standard mail returns? Well, they call the mail service pony express for a reason….
More than just getting your tax returns in quickly, however, e-filing allows for speedy refund delivery. Typical mailed in returns can expect refunds within 15 – 22 days after the IRS accepts and processes your return. Add this to the time it took to hand-write, calculate, and mail in your return and you’re easily looking at over a month of time invested!
You’ve waited all year to get your refund, why wait another month? The customer who e-files with us can expect their refund direct deposited, and sitting in their bank account within 8 – 15 days after filing.
Efile Today!
MEDICAL AND DENTAL EXPENSES
If you itemize your deductions, these expenses are deductible only when paid by you, and the unreimbursed expenses exceed 7.5% of your adjusted gross income. These expenses include the premiums for insurance that covers the expenses of medical and dental care, and the amounts you pay for transportation for these purposes.
CHARITABLE CONTRIBUTIONS
Contributions can be of cash (includes check and credit card donations) or noncash items. If you donate clothes or furniture to a qualified charity, the value of those items may be deductible if they are in good used condition or better. Keep receipts from charity, noting the items donated as well as their fair market value when donated.
Cash contributions, regardless of the amount, require a bank record or written confirmation from the charity.
Your deduction for a car donated to a qualified organization is limited to the gross proceeds from its sale by the organization if the claimed value is more than $500. For a donation valued at more than $500, Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes issued by the charity must be attached to the tax return. Without the Form 1098-C, you cannot deduct your contribution. However, if the organization makes significant intervening use of, or materially improves the car, it will be marked on Form 1098-C and you generally can deduct its fair market value.
Total noncash contributions over $500 require you to complete Section A of Form 8283, Noncash Charitable Contributions. Contributions of noncash items valued at over $5,000 require an appraisal and completion of Section B of Form 8283.
Out-of-pocket expenses when serving as a volunteer for a qualified organization may also be deductions you can take. You can deduct unreimbursed expenses such as the cost of gas and oil that are directly related to the use of the car in giving services to a charitable organization. If you do not deduct actual expenses you can use the standard mileage rate of 14 cents a mile.
CASUALTY AND THEFT LOSSES
If you lose property through a casualty or theft, you may be entitled to a tax deduction. Such casualties would include car accidents, fires, vandalism, disasters such as hurricanes or another identifiable event that is sudden, unexpected or unusual in nature. If your property is covered by insurance, you subtract any insurance or other reimbursement you received or expect to receive when you figure your loss. You claim your casualty or theft loss on Form 4684, Casualties and Thefts.
EMPLOYMENT EXPENSES, FORM 2106 OR 2106-EZ
Local Transportation
Use Form 2106, Employee Business Expenses, or Form 2106-EZ, Unreimbursed Employee Business Expenses, to figure your deduction for employee business expenses. You can deduct the expenses that exceed 2% of your adjusted gross income. Depending on your employers reimbursement arrangement, special rules may apply. If a personal vehicle is used for business purposes, either a standard mileage rate or actual expenses can be claimed. Good written records are required.
Uniforms and Work Clothes
Work clothes and uniforms are deductible if they are required for your job and not suitable to wear outside the workplace. Protective gear such as hard hats and steel-toed boots qualify if necessary for your job.
Work-Related Educational Expenses
You may be able to deduct work-related educational expenses for education that:
Maintains or improves skills required in your present job or business,
Serves a business purpose and is required by your employer, or by law or regulation, to keep your salary, status or job.
Your expenses are not deductible if the education is required to meet the minimum educational requirements of your job or is part of a program that will qualify you for a new trade or business. Expenses include tuition, books, supplies, and certain transportation or travel costs.
TAX PREPARATION FEES
The fees paid for the cost of tax preparation, software and tax publication can be deducted. The tax preparation fees are usually be deducted in the year you pay them and are subject to the 2%.limit.
LEGAL EXPENSES
Legal fees such as for an adoption, divorce or property settlement are not deductible. However, legal fees to produce taxable income or to collect taxable income such as alimony or those related to doing or keeping your job are deductible as miscellaneous itemized deductions on Schedule A, subject to the 2% limit.
Its April 17th and youll never get your taxes ready in time to mail before midnight! Dont panic. You can get an automatic 6 months extension from the IRS by filing Form 4868, Application for Automatic Extension of Time to File U.S. Individual Tax Return.
Thats the good news. Filing a tax extension does NOT mean that you receive an extension on taxes owed. You will need to estimate how much tax you owe and include the payment with your extension form.
If you are in the military and serving in a combat zone on filing deadline, you have an automatic 180-day IRS extension for filing, paying any tax due and filing a claim for a refund.
Military personnel not serving in a combat zone, but stationed outside the U.S., are allowed an automatic two month extension. However any tax due must be paid by the filing deadline.
You can file Form 4868 through the mail or electronically. You can pay any tax owed by credit card. Your MJS Tax preparer will be happy to file your IRS tax extension for you!
YOUR GROUND WORK
STARTS HERE !
Tax Return
Preparation
Click for more info
Itemized
Deductions
IRS Tax
Extension
Electronic
Filing (Efile)
"Knowledge is not only power but can also help you discover more deductions and tax breaks. "
Dependents
A dependent must be either a "qualifying child" or a "qualifying relative." You are allowed one exemption for each person you can claim as a dependent.
Filing Status
Single, married filing jointly, married filing separately, head of household…all these and more explained.
Individual Retirement Arrangement (IRA)
No contributions are allowed to a traditional IRA in and after the year you turn age 70 1/2. At that age, there is a required minimum distribution (RMD) that must be withdrawn each year.
Life changes have tax consequences, from birth through death
During your lifetime, you may get a job, go to school, get married, start a business, change jobs, have children, send children to college, buy and/or sell a home, get divorced, contribute to a retirement plan, or draw money out of a retirement plan.
Rental Income & Expenses
Owning rental property is often a good way to increase your net worth.
Taxable VS Nontaxable Income
Knowing how to report it properly helps reduce the tax liability.
Earned Income Credit
The Earned Income Credit (EIC) is a tax credit for certain people who work and have less than $41,646 of earned income.
How to Avoid Common Problems
Mathematical errors, forgetting to sign your return and more.
Mileage Deductions
Keep track of your deductible mileage on your vehicle and you could see big savings on your tax return. Remember that you MUST keep accurate records in order for the deductions to be allowed.
What Should You Bring To Your Tax Interview?
Personal information for each family member, income and tax information, deductions and credits.
Most taxpayers have a choice of either taking a standard deduction or itemizing their deductions. Avoid paying more tax than necessary. Your MJS Tax professional will probe to make sure that you claim all the tax deductions that you are eligible to claim.
Tax Changes
There's nothing as certain as an ever-changing tax code. Besides the usual increases in exemption amounts, standard deductions, and qualifying income levels for the earned income credit, there are several impact-ful changes for filing Tax Year 2008 returns.
" Filing deadline is April 17th for the year of 2012"
" Keep good records for deductions and expenses claimed on tax return. (more IRS examination ocurring)"
" You have 3 years from due date to claim refund to late filed returns."
MJS TAX
REMINDERS
PERSONAL INFORMATION FOR EACH FAMILY MEMBER:
INCOME AND TAX INFORMATION:
Sample.PDF
DEDUCTIONS/ADJUSTMENTS:
TAX CREDITS:
" With ID theft increasing be sure to store tax records in secure location."
" Personal exemptions, standard and blind or elderly deductions, and filing thresholds by filing status."
" Using e-file is the fastest option for receiving your tax refund, but there are other factors that might affect the speed of your refund. "
REMINDER
Click on the following links to access your free IRS forms:
2011 Tax Form 1040 - U.S. Individual Income Tax Return
2011 Tax Form 1040A - U.S. Individual Income Tax Return
2011 Tax Form 1040EZ - U.S. Individual Income Tax Return
2011 Tax Form Sch A - U.S. Individual Income Tax Return
2011 Tax Form 4868 - U.S. Individual Income Tax Return
IRS W4 Form
When you start a new job, your employer will have you fill out an IRS W-4 Form. Many people just fill in the blanks, hand it in, and never really think about the implications of what they put in the space asking for withholding allowance. That amount is very important in assuring that you are paying the correct amount of taxes.
If you are not having enough tax withheld, you will owe money to the IRS when you file your taxes. In order to lessen this burden on April 15th, you should reduce the number in the withholding allowance. You can do this at any time, just ask your employer for a new form. If you work at another job, your spouse has a full time job, or you have other income, you should review your W-4 form to see if you should reduce the number in the withholding space. You want to avoid having to pay the IRS a large payment or even a penalty.
On the other hand, what happens if too much tax is being withheld from your salary? Youll receive a refund when you file your taxes, but that may not be a good thing. Remember, thats your money. Do you really want the government using your money during the year? If you received a big refund last year, you may want to review your withholdings and update them to fit your present circumstances.
Your ultimate goal is to break even. The best time to review your W-4 Form is early in the year. Also, if you have had any life changing experiences such as the birth of a child, buying a new home, or your spouse retires, you will want to make changes to your withholding to reflect those changes.
TELEPHONE: 1 323 758 7816
FAX: 1 323 758 7817
E-MAIL: mshelley.mjs_gmail.com
2067 W. Florence Ave.
Los Angeles CA 90047
MJS & ASSOCIATES
BUSINESS MANAGEMENT & TAX SERVICE
1-323-758-7816
FREE
Consultation
© Copyright © by Bill Clintenon. All rights reserved.
