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Related Links
IRS Refund:
https://sa2.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp
FTB Refund:
http://www.ftb.ca.gov/online/refund/index.asp
Financial calculators:
www.dinkytown.net
Federal Estimate Voucher:
http://www.irs.gov/pub/irs-pdf/f1040es.pdf
State Estimate Voucher:
http://www.ftb.ca.gov/forms/2011/11_540es.pdf
Federal Form W-4:
http://www.irs.gov/pub/irs-pdf/fw4.pdf?portlet=3
Federal Form W-9:
http://www.irs.gov/pub/irs-pdf/fw9.pdf?portlet=3
Federal 2011 Tax Withholding Tables:
http://www.irs.gov/pub/irs-pdf/n1036.pdf
California 2011 Tax Withholding Tables:
http://www.edd.ca.gov/pdf_pub_ctr/11methb.pdf
California Form DE-88:
http://www.edd.ca.gov/taxrep/de88all.pdf
California State Board of Equalization:
http://www.boe.ca.gov/index.htm
Department of Homeland Security Form I-9:
http://www.uscis.gov/files/form/i-9.pdf
| 2011 Tax Rates - Single Taxpayers - Standard Deduction $5,800 |
|
10%
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Up to $8,500
|
|
15%
|
$8,501 - $34,000
|
|
25%
|
$34,500 - $83,600
|
|
28%
|
$83,601 - $174,400
|
|
33%
|
$174,401 - $379,150
|
|
35%
|
$379,151 or more
|
|
2011 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $11,600
|
|
10%
|
Up to $17,000
|
|
15%
|
$17,001 - $69,000
|
|
25%
|
$19,001 - $139,350
|
|
28%
|
$139,351 - $212,300
|
|
33%
|
$212,301 - $379,150
|
|
35%
|
$379,151 or more
|
|
2011 Tax Rates - Married Filing Separately - Standard Deduction $5,800
|
|
10%
|
Up to $8,500
|
|
15%
|
$8,501 - $34,500
|
|
25%
|
$34,501 - $69,675
|
|
28%
|
$69,676 - $106,150
|
|
33%
|
$106,151 - $189,575
|
|
35%
|
$189,576 or more
|
|
2011 Tax Rates - Head of Household - Standard Deduction $8,500
|
|
10%
|
Up to $12,150
|
|
15%
|
$12,151 - $46,250
|
|
25%
|
$46,251 - $119,400
|
|
28%
|
$119,401 - $193,350
|
|
33%
|
$193,351 - $379,150
|
|
35%
|
$379,151 or more
|
The additional standard deduction allowed for blind taxpayers and taxpayers age 65 or older at the end of the tax year will be $1,150 if married filing jointly and $1,450 if single.
Storing tax records: How long is long enough?
April 15 has come and gone and another year of tax forms and shoeboxes full of receipts is behind us. But what should be done with those documents after your check or refund request is in the mail?
Federal law requires you to maintain copies of your tax returns and supporting documents for three years. This is called the "three-year law" and leads many people to believe they're safe provided they retain their documents for this period of time.
However, if the IRS believes you have significantly underreported your income (by 25 percent or more), or believes there may be indication of fraud, it may go back six years in an audit. To be safe, use the following guidelines.
Caution: Identity theft is a serious threat in today's world, and it is important to take every precaution to avoid it. After it is no longer necessary to retain your tax records, financial statements, or any other documents with your personal information, you must dispose of these records by shredding them and not disposing of them by merely throwing them away in the trash.
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Personal
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Business
|
|
One Year
- While it's important to keep year-end mutual fund and IRA contribution statements forever, you don't have to save monthly and quarterly statements once the year-end statement has arrived.
|
One Year
- Correspondence with Customers and Vendors
- Duplicate Deposit Slips
- Purchase Orders (other than Purchasing Department copy)
- Receiving Sheets
- Requisitions
- Stenographer’s Notebooks
- Stockroom Withdrawal Forms
|
|
Three Years
- Credit Card Statements
- Medical Bills (in case of insurance disputes)
- Utility Records
- Expired Insurance Policies
|
Three Years
- Bank Statements and Reconciliation's
- Employee Personnel Records (after termination)
- Employment Applications
- Expired Insurance Policies
- General Correspondence
- Internal Audit Reports
- Internal Reports
- Petty Cash Vouchers
- Physical Inventory Tags
- Savings Bond Registration Records of Employees
- Time Cards For Hourly Employees
|
Six Years
- Supporting Documents For Tax Returns
- Accident Reports and Claims
- Medical Bills (if tax-related)
- Property Records / Improvement Receipts
- Sales Receipts
- Wage Garnishments
- Other Tax-Related Bills
|
Six Years
- Accident Reports, Claims
- Accounts Payable Ledgers and Schedules
- Accounts Receivable Ledgers and Schedules
- Cancelled Checks
- Cancelled Stock and Bond Certificates
- Employment Tax Records
- Expense Analysis and Expense Distribution Schedules
- Expired Contracts, Leases
- Expired Option Records
- Inventories of Products, Materials, Supplies
- Invoices to Customers
- Notes Receivable Ledgers, Schedules
- Payroll Records and Summaries, including payment to pensioners
- Plant Cost Ledgers
- Purchasing Department Copies of Purchase Orders
- Sales Records
- Subsidiary Ledgers
- Time Books
- Travel and Entertainment Records
- Vouchers for Payments to Vendors, Employees, etc.
-
Voucher Register, Schedules
|
Forever
- Audit Reports
- Legal Records
- Important Correspondence
- Income Tax Returns
- Income Tax Payment Checks
- Investment Trade Confirmations
- Retirement and Pension Records
|
Forever
- Audit Reports from CPAs/Accountants
- Cancelled Checks for Important Payments (especially tax payments)
- Cash Books, Charts of Accounts
- Contracts, Leases Currently in Effect
- Corporate Documents (incorporation, charter, by-laws, etc.)
- Documents substantiating fixed asset additions
- Deeds
- Depreciation Schedules
- Financial Statements (Year End)
- General and Private Ledgers, Year End Trial Balances
- Insurance Records, Current Accident Reports, Claims, Policies
- Investment Trade Confirmations
- IRS Revenue Agents’ Reports
- Journals
- Legal Records, Correspondence and Other Important Matters
- Minutes Books of Directors and Stockholders
- Mortgages, Bills of Sale
- Property Appraisals by Outside Appraisers
- Property Records
- Retirement and Pension Records
- Tax Returns and Worksheets
- Trademark and Patent Registrations
|
Special Circumstances
- Car Records (keep until the car is sold)
- Credit Card Receipts (keep until verified on your statement)
- Insurance Policies (keep for the life of the policy)
- Mortgages / Deeds / Leases (keep 6 years beyond the agreement)
- Pay Stubs (keep until reconciled with your W-2)
- Property Records / improvement receipts (keep until property sold)
- Sales Receipts (keep for life of the warranty)
- Stock and Bond Records (keep for 6 years beyond selling)
- Warranties and Instructions (keep for the life of the product)
- Other Bills (keep until payment is verified on the next bill)
- Depreciation Schedules and Other Capital Asset Records (keep for 3 years after the tax life of the asset)
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