It can be daunting to file your U.S. taxes in a difficult year as 2020. You’re looking to save money where you can and hopefully get some tax money back. It can get even more confusing when you’re a non-citizen residing and working in the U.S. That’s why it’s important to have a good grasp [&h…
There is probably not a person on the planet who likes paying taxes or doing their tax returns. Your income is your hard-earned money. It’s not fun having the government deduct their share from your paycheck every month. Have you ever looked at your paycheck and wondered, “where do…
If you’ve just filed your federal income tax returns, you’re probably staring at a pile of forms and receipts, wondering what to do with it. Or perhaps you’re doing some spring cleaning, and the ever-growing dusty pile of tax records is standing in the way of a perfectly organized …
At a Glance: A G4 visa is a nonimmigrant visa granted to officials or employees of international organizations for official business in the US. G4 visa holders can only perform duties related to their organization and are exempt from income tax on compensation for official services. However, they ma…
At a Glance: TTIN and EIN are both tax identification numbers, but they have different purposes. A TIN is used to identify taxable individuals in the US and can be issued by the IRS or Social Security Administration. An EIN, on the other hand, is used to identify businesses and is issued by the IRS….
At a Glance: Sales tax refund policies vary by state in the U.S. Generally, there is no refund for sales tax on items bought domestically, except when exporting them. Texas and Louisiana allow international travelers to claim refunds for purchases. In Texas, you need a Texas Sales and Use Tax Permit…
At a Glance: Dreamers, or DACA recipients, do pay taxes just like regular Americans. With a Social Security Number (SSN), they can file taxes and claim tax credits such as the Earned Income Tax Credit (EITC) and Child Tax Credit. If they have an Individual Taxpayer Identification Number (ITIN), they…
What a nice change in fortune it is when the government owes you money! You, hopefully, pay your taxes with diligence and sometimes you end up paying more than you have to. In such a case you get a welcome tax refund from the government. But what do you do with that refund? It is […]
There are a lot of people nowadays who file for an income tax refund. Only through late December 2019, there were 72% tax returns filed that actually generated a tax refund, out of 156 returns filed. But did you know that there’s such a thing as a tax refund advance? If you didn’t, this post [&helli…
At a Glance: Foreign property can be claimed on U.S. taxes, and the tax benefits are similar to owning U.S. homes. The tax treatment depends on how the property is used, whether for personal use or rental income. Deductions for mortgage interest can be claimed for personal use, while rental properti…