Tax Tip of the Day

Military Service and Combat Zone Compensation

A member of the Armed Forces below the grade of commissioned officer may exclude from gross income compensation for active service received for any month during any part of which he served in a combat zone or was hospitalized at any place as a result of wounds, disease, or injury incurred while serving in a combat zone.

The Tax Pros supports our troops!

Welcome!

Welcome to our new Blog! This Blogspot is dedicated to my clients and other followers interested in the latest tax laws, information and updates.

Well, the 2010 tax season is officially closed. Hopefully you have filed your 2009 tax returns. For those of you who have not yet filed, I have sent your 4 month extension to the Internal Revenue Service. The California State tax return extension is AUTOMATIC when the Federal extension is filed. Your next due date is 4 months from the final filing date:

Corporate returns due (extension): July 15, 2010
Individual and Partnership returns due (extension): August 15, 2010

If you require a second extension, please contact me as soon as possible. The 2nd extension must be APPROVED by the Internal Revenue Service prior to the above due dates.

Check back often for the latest tax news and updates!

Thank you for visiting our blog!