THJ TAX Service

Before you file your 2011 federal income tax return in 2012, you should be aware of a few important tax changes that took effect in 2011. Check www.IRS.gov before you file for updates on any new legislation that may affect your tax return. Due date of return File your federal tax return by April 17, 2012. That due date is April 17, instead of April 15, because April 15 is a Sunday and April 16 is the Emancipation Day holiday in the District of Columbia. New forms In most c

WINTER 2012 VOLUME XXXI, NO 1 THJ TAX TIPS WILL NO LONGER BE MAILED, BUT WILL BE AVAILABLE ON THJTAX.COM AND VIA AN EMAIL LIST THAT IS BEING COMPLETED. VISIT WWW.THJTAX.COM FOR THE LATEST TAX ISSUES. Welcome to a New Year, A continued RECESSION, and the question, When will things get better? The Euro problems gaining is Europe is getting worst! Somehow it is very similar to the 1932 2nd Recession “Punch” that started us on the road to WW II. Our economy has suffered from

Important Dates: Deadlines: In order for THJ TAX to complete your taxes on time, please note that we must have your information sent to us in order to meet the deadline (we use FIFO first in-first out method) so please be sure to gather your information. But, if you are unable to meet this deadline, Call us for an extension. #1099 #2012 #ccorporation #deadline #duedates #important #incometax #partnerships #remindersw #scorporation #tax #taxreturn #THJTAX #thomas #w2

The Bush Tax Cuts are not over, you would think. However, the Majority in Congress delayed closing some of the Bush Tax cuts again. Employee’s will see an increase (2%) resulting in a 2% cut on their paychecks beginning this March 2012. The present administration got a two month extension in December, but congress would only extent it for that period and not the entire year. At the same time they want tax cuts to continue for the wealthy (>$250,000 per year) they want to en