You can run, but you can’t hide! ALL US citizens and Green Card holders are required to file every year and disclose financial assets. Sorry….FYI: That is Joe on the left and Daina on the right.
WORKBOOK: Get Yours
For us to do your taxes, the workbook needs to be filled out and submitted to us. Most of it will probably not apply to you, but we must make sure we are covering all aspects of your U.S. filing requirements. You wouldn’t want the IRS to be chasing you down, would you???? 😀
FBAR – Federal Bank Reporting Get Yours
All non-residents present more than 183 days in the US, US citizens, and Greencard holders with more than 10K in the aggregate outside of the US (including retirement accounts) must complete this form. This even includes accounts that you may only have signatory authority.
International tax issues are complicated and the literature available for taxpayers is often conflicting. We stay apprised of tax treaties, the special issues, and requirements for US citizens living abroad, and non-residents with US-based income. Read and learn, but we are also available to chat on the phone, or email us with the Contact Us form at the bottom.
IRS rules limit temporary assignments to less than 12 months in a metropolitan area, consecutively or non-consecutively. Though you may have treaty protection, your temporary status for deductible living expenses may cease. To keep them tax-free you will need to go to another part of the country. The only exception to this rule is a situation where the hospital itself provides housing on their campus – not an offsite apartment.
An ITIN is not a Social Security Number, it is a tax ID and it is only issued when a tax return requires an ID. ITIN’s can only be obtained by filing a W7 (Application for Taxpayer Identification Number) with a tax return. The return and ITIN application must be mailed with specific documentation of foreign status and identity. The request for an ITIN is processed by a specific IRS campus.
You will either: 1) have to mail ORIGINAL documentation OR 2) take your identifying documents to an IRS office that handles document certification. There is no flexibility in this requirement. It is best to get a copy of the spouse/dependents passport certified by a CONSULATE or EMBASSY of the country that issued the passport to avoid nasty waits and hassle.
1) Puerto Rico is considered a foreign country for tax purposes and vice versa. Residency is important!
2) Puerto Rico has its own tax system. Merely filing in the US is not sufficient.
3) A Puerto Rican resident with US income will prorate their standard deduction based on total income in both countries
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We are unable to answer questions related to the use of tax software programs.
If you haven’t heard from us within 48 hours, please email us directly at firstname.lastname@example.org
The most secure way to send us your documents is to utilize this link that will allow you to select your saved files and upload them via our encrypted site.
Documents are processed within 24 hours EXCEPT ANY DOCUMENTS SENT ON WEEKENDS; they will be processed Monday or Tuesday at the latest.
Mail: 46 St. Mark Rd., Taylors, SC 29687
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Taxpayers can make electronic debit or credit card payments through our official IRS payment website, Drake e-Payment center, at 1040paytax.com. Convenience fees for credit cards (1.97%) or debit cards ($2.58) will be applied at the time of payment. Use this link to make your payment.