At a Glance Understanding U.S. tax obligations depends on determining residency status: nonresident or resident alien. Green card holders, even with an expired card, must file taxes correctly for immigration status maintenance. Filing taxes with an ITIN is crucial for undocumented immigrants, suppor…
At a Glance Filing taxes with a non-U.S. citizen spouse depends on their tax residency status. If the spouse is a U.S. resident alien, federal income tax returns must be filed based on residency tests. Options include filing jointly, which requires obtaining an ITIN for the non-U.S. citizen spouse, …
At a Glance: Call the IRS at 1-800-829-1040 between 7 AM and 7 PM, Monday to Friday. Choose your preferred language. Select options 2, 1, 3, 2, and 4 in the automated menu. Provide your Social Security number when prompted. Choose options 2 and 4 to speak with an IRS agent. Alternatively, you can vi…
At a Glance Track your amended tax return online with the IRS “Where’s My Amended Return” tool. Alternatively, call 866-464-2050 to inquire about the status. Refunds may take up to 16 weeks to process for amended returns. When you make any errors on your tax return, an amended retu…
At a Glance Proof of income is crucial for financial transactions. Common documents include pay stubs, tax documents (W2 or tax return), and unearned income documents. These documents provide evidence of income and support financial credibility. Used when seeking loans, renting properties, or securi…
At a Glance Proof of income for self-employed individuals includes 1099 forms, profit and loss statements, and bank statements. Previous year’s federal tax return and self-created pay stubs can also serve as proof of income. Accurate record-keeping is crucial for establishing credibility, espe…
At a Glance Self-employment income is reported using tax forms such as Form 1040 and Schedule C. Freelancers receive Form 1099-NEC for payments over $600. Cash income, even without a 1099 form, should be reported. Claiming business write-offs can legally lower taxable income, reducing the overall ta…
At a Glance A teenager is generally considered a dependent on their parents’ tax return. Filing separate taxes is not required until the age of 19 if education has been completed; until age 24 if education continues. Self-dependent teenagers can choose to file their own taxes as single individ…
Given how complex and challenging it is to file your taxes and how easy it is to make errors, you might have to write an explanation letter to the IRS explaining your mistake and asking them to forgive you for your mistakes. An explanation letter is not just any letter.
At a Glance Individuals have five tax filing statuses, including single and married filing jointly. Getting married changes your filing status; you must file as married if legally married by the last day of the tax year. Filing as single is for the unmarried or legally separated. Filing jointly comb…