|
Property Taxes
| 
| Unsecured property taxes are currently being printed and in the process of being sent out. You should start receiving them this week or next week. They now have an extended deadline of being due in October. You can, however, go and pay your unsecured property taxes online at anytime.
|
|
|
Greetings!
The September 17th filing deadline is quickly approaching (faster than most would like I'm sure), and we're here to help you through it. In addition to the filing deadline, the California Franchise Tax Board has been sending out letters to tax payers to verify the head of house. If you've received a letter from them, please review the article below and call us with any questions. And if you haven't done it yet, check out the Linkenheimer Blog. You can subscribe (on the right hand side) and get email alerts anytime new content is posted. Don't worry, it won't feel like spam. I promise.
|
|
Californians Can Expect Head of Household Audit Letters
The California Franchise Tax Board (FTB) has mailed more than 120,000 audit letters to taxpayers to verify their head of household (HOH) filing status on their 2011 state income tax returns. Each year, the FTB reviews the tax returns of taxpayers who claim the HOH filing status because the qualifications are commonly misunderstood. Taxpayers can generally claim the HOH filing status if they are unmarried, have cared for a qualified person for more than half the year, and paid more than half the cost of maintaining their home.
Taxpayers who do not qualify will have their tax reassessed using either the single or married-filing-separate filing status. Nearly 28,000 California taxpayers who claimed the HOH status last year did not meet its requirements.
The FTB encourages taxpayers who receive an HOH audit letter to respond promptly by completing the enclosed questionnaire. Failure to respond could result in a tax assessment and penalty.
News Release, California Franchise Tax. Board, August 8, 2012
|
|
September 17th Filing Deadline
The final due date for all December 31, 2011 year-end partnership, trust and estate income tax returns is September 17, 2012. Please contact us as soon as possible so that any 2011 partnership, trust or estate income tax returns you have on extension can be completed on a timely basis.
In addition, please note that September 17, 2012 is also the final due date for filing 2011 extended corporate tax returns for corporations with a December 31, 2011 year-end.
And a reminder, too, that if your 2011 individual income tax return is on extension until October 15, 2012, you might have a 3rd quarterly estimate payment due on September 17. Please contact us to make sure that has been considered.
|
|
|
We hope you're enjoying the warm weather and if you have any questions, please let us know how we can help you.
Sincerely,
Chris Jones
Marketing Director
Linkenheimer LLP CPAs & Advisors |
|
|
