Getting Prior Year Tax Information from the IRS

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If you need to obtain certain prior year tax return information, it is possible to a copy of the actual processed return from the IRS. Often, however, the information you need may be contained in a tax transcript, which can also be obtained directly from the IRS.

Tax Return Transcript versus Tax Account Transcript

There are two types of tax transcripts: tax return transcript and tax account transcript.

A tax return transcript shows most line items from your tax return as it was originally filed, including any accompanying forms and schedules. It does not, however, reflect any changes made after the return was filed.

On the other hand, a tax account transcript shows any later adjustments either you or the IRS made after the tax return was filed. However, a tax account transcript reveals only the most basic data, such as marital status, type of return filed, adjusted gross income and taxable income, is included in the transcript.

Obtaining Transcripts

There are three ways to order either type of transcripts: on the phone (800-908-9946), online (the IRS website), and by mail. If you choose to obtain your tax transcript by mail, you need to figure out which form you need to file.

1. 1040, 1040A, 1040EZ tax return transcript: you will need to complete and mail Form 4506T-EZ.

2. Business Forms and Other Individual Forms: you will need to complete and mail Form Form 4506T, Request for Transcript of Tax Return.

If you order online or by phone, you should receive your tax return transcript within 5 to 10 days from the time the IRS receives your request. Allow 30 calendar days for delivery of a tax account transcript if you order by mail using Form 4506T or Form 4506T-EZ.

The IRS does not charge a fee for transcripts, which are presently available for the current tax year as well as the past three tax years.

Obtaining Actual Copy of a Previously-Processed Tax Return

If you need an actual copy of a previously processed tax return, it will cost $57 for each tax year that you order. You need to complete and mail (to appropriate address) Form 4506, Request for Copy of Tax Return. Copies are generally available for the current year as well as the past six years. The general wait period is about 60 days.

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If you have any tax questions, contact Sherayzen Law Office to discuss your case with an experienced Minneapolis tax attorney.

IRS to Start Processing Delayed Returns on February 14, 2011

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On January 20, 2011, the IRS announced that it plans to start process tax returns, which were delayed as a result of the last month’s tax law changes, on February 14, 2011. It should be remembered that the taxpayers can begin preparing their tax returns immediately because many software providers are ready now to accept these returns.

Beginning February 14, 2011, the IRS will start processing both paper and e-filed returns claiming itemized deductions on Schedule A, the higher education tuition and fees deduction on Form 8917 and the educator expenses deduction.

Taxpayers using commercial software can check with their providers for specific instructions. Those who use a paid tax preparer should check with their preparer, who also may be holding returns until the updates are complete.

Most other returns, including those claiming the Earned Income Tax Credit (EITC), education tax credits, child tax credit and other popular tax breaks, can be filed as normal, immediately.

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If you have any questions with respect to your 2010 tax return, call Sherayzen Law Office to discuss your tax case with an experienced Minneapolis tax lawyer.

Trademark Attorney Minneapolis | Cease and Desist Letter: Minimum Format

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Most trademark lawyers in Minneapolis recommend that a cease and desist letter regarding trademark violation should contain, at the very minimum, the following components:

1. Trademark Owner’s Identity

The cease and desist notice should identify who is the trademark owner. If the letter is being drafted by a trademark owner’s representative, then representative should identify in the letter himself and his relation to the trademark owner.

2. Trademark

The letter should state clearly the trademark that the owner believes is being violated. If the trademark is formally registered with the United States Patent and Trademark Office or a relevant state or foreign government authority, then provide the registration number in the letter. It is a good idea to attach a copy of the registration certificate to the letter.

3. Notice of Violation

The letter should explicitly state that the recipient violated the trademark owner’s rights. One of the primary purpose of a cease and desist letter is to give notice, and, usually, the best way to do so is to state it clearly.

4. Description of Violation

The cease and desist notice should explain how the recipient violated the trademark owner’s rights. Usually, a general statement briefly describing the nature of the violation is sufficient. There is no reason to provide a detailed violation of the account for two reasons. First, it is not a good idea to divulge too much information to the other side. Second, a overly-detailed account of violation may actually weaken the trademark owner’s case by stating facts which the other side can prove to be wrong.

Nevertheless, in some situations, describing a violation in an attached trademark complaint may be highly beneficial to the trademark owner’s case, demonstrating the seriousness of his intentions and his confidence in the case. This strategy should be discussed with a trademark attorney in Minneapolis.

5. Description of the Trademark’s Strength

If there are favorable facts that augment the perceived strength of the owner’s trademark, then it may be beneficial to briefly state them in the letter. This is especially true if this a descriptive trademark that acquired distinctiveness through a long period of use and promotion. Again, a trademark lawyer should determine how to pursue this strategy.

6. Trademark Owner’s Demands

The cease and desist letter should set the demands of the trademark owner. Demands may vary greatly depending on the circumstances of a case, but there are some fairly common ones, such as:

a) Cease and desist all illegal activity;
b) Promise in writing not to violate the trademark in the future; and
c) Destruction of infringing materials.

7. Deadline

The cease and desist notice should state the deadline for a written response to the letter. The deadline should give the recipient a fair chance to comply with the trademark owner’s demands. Usually, Minneapolis trademark lawyers use a period between seven and thirty days.

Conclusion

The above-mentioned components merely constitute a basic skeleton of a cease and desist letter. Putting the “meat on those bones”, however, is an art rather than a science: more components can be added, certain arguments may be emphasized, others ignored, wording must be selected very carefully keeping in mind a highly probable litigation in the near future, and countless number of other considerations should be taken into account. Remember, a cease and desist letter is more about advocacy and negotiation, rather than simply giving notice.

This is why you should retain a Minneapolis trademark attorney to write a cease and desist letter for you. Sherayzen Law Office can help! We can draft a proper cease and desist letter, help negotiate a settlement, and litigate the case for you.

Call us NOW to discuss your trademark case with an experienced trademark attorney!

Higher Education Tax Credits

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This is an education tax credit update from a Minneapolis tax lawyer.  American Opportunity Tax Credit and the Lifetime Learning Tax Credit are two federal tax credits designed to help eligible taxpayers offset their higher education expenses.

To qualify for either credit, a taxpayer must pay postsecondary tuition and fees for himself, spouse or dependent. The credit may be claimed by the parent or the student, but not by both. If the student was claimed as a dependent, the student cannot file for the credit.

Only one of the credits is available in a single tax year per each student. This means that, in a given tax year, a taxpayer cannot claim both credits for the same student’s college expenses. If a taxpayer pays college expenses for two or more students in the same year, then he can choose to take credits on a per-student, per-year basis. For example, the taxpayer can claim the American Opportunity Credit for a sophomore daughter and the Lifetime Learning Credit for a senior son.

Let’s look closer at some of the key facts about American Opportunity Tax Credit and Lifetime Learning Tax Credit.

The American Opportunity Credit

The credit is available for students enrolled in a post-secondary education program in pursuit of an undergraduate degree or other recognized educational credential, but only for the first four years. The student must be enrolled at least half time for at least one academic period. Qualified expenses include tuition and fees, coursed related books supplies and equipment.

The credit can be up to $2,500 per eligible student. The full credit is generally available to eligible taxpayers who make less than $80,000 or $160,000 for married couples filing a joint return. Moreover the credit is refundable; this means that a taxpayer may be able to receive up to $1,000 in refund even if he owes no taxes.

Lifetime Learning Credit

Unlike the American Opportunity Credit, the Lifetime Learning Tax Credit is available for all years of postsecondary education and for courses to acquire or improve job skills. This also means that the student does not need to be studying in pursuit of a degree or other recognized education credential. Qualified expenses include tuition and fees, course related books, supplies and equipment.

The credit can be up to $2,000 per eligible student. The full credit is generally available to eligible taxpayers who make less than $60,000 or $120,000 for married couples filing a joint return. This tax credit, however, is not refundable and is limited to the amount of tax a taxpayer must pay on his return.

If you have questions with respect to any tax credits, contract us NOW to discuss your case with an experienced Minneapolis tax attorney.

Trademark Attorney in Minnesota: Cease and Desist Letter and Trademark Enforcement

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Prior to engaging in expensive trademark litigation, it is common for Minnesota trademark lawyers to send the violating parties a notice of infringement, demanding that the violators comply with certain demands of the trademark owner and threatening lawsuit otherwise.  This notice is usually called “cease and desist letter”, because it demands that the violator: ceases his trademark infringing activities and promises to desist from future trademark infringement.

Cease and Desist Letter is a very useful pre-litigation tool.  Three factors are usually cited by trademark lawyers in Minnesota to support the usefulness of a cease and desist notice.  First, the letter provides notice to the recipient that he is in violation of the sender’s trademark violations.  This means that, if the recipient persists in his illegal activity, his actions are very likely to be regarded as “intentional”, opening up a host of new legal claims and larger penalties.  Moreover, the trademark owner can subsequently argue that he has done everything he could to end this case amiably and it was the violator who did not want to stop his illegal acts. Second, the letter gives the recipient a chance to stop his infringing activities without paying the costs of an expensive trial and, ultimately, paying a hefty penalty.  Third, the letter is also a chance for the trademark owner to enforce his rights without going through an expensive trial with (depending on the facts of the case) less than certain outcome.   Fourth, the recipient of the letter (unless he is sure of his innocence and wants to go straight to trial) is likely to feel compelled to produce some sort of response to the letter.  This response may be a good way for the trademark owner to assess the strength of the other side’s case.

The format of a cease and desist letter may vary wildly in substance as well as style. In fact, while a certain minimum format is commonly used, the content and style of writing a cease and desist letter depends greatly on the circumstances of a case and is more of an art, than science.

Sherayzen Law Office can help you enforce your trademark rights.  We can help you draft “Cease and Desist Notice”, negotiate the settlement with the party, and litigate your case in court.

Call us NOW to discuss your case with an experienced trademark attorney!