ALL US citizens and Green Card holders are required to file every year and disclose financial assets.
WORKBOOK: Get Yours
For us to do your taxes, the workbook needs to be filled out and submitted to us. If a section does not apply to you, put N/A and skip that section. We need to make sure we are covering all aspects of your US filing requirements.
TO USE THE WORKBOOK AS A PDF FILL, YOU MUST DOWNLOAD ADOBE READER PROGRAM IF NOT ON YOUR COMPUTER (It is a free download, no sign up/password required). Save the workbook on your computer. Then OPEN THE WORKBOOK IN THE ADOBE ACROBAT READER DC PROGRAM (because just installing it isn’t enough, you will have to make sure you use it). You will then be able to type and save it as often as you need to using Adobe Reader (download Adobe here). Or you can just print it out and handwrite the answers. 🙂
FBAR – Federal Bank Reporting Get Yours
All non-residents present more than 183 days in the US, US citizens, and Green card 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, or sign up for a consult with Joseph (there is a fee), or submit your questions via the Contact Us form available.
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
We prefer emails for quick questions. Please email us and if we’re able to answer your questions we will! If not, we’ll let you know if you need to schedule a tax home or a preparer consult.We are unable to answer questions related to the use of tax software programs.
If you are calling to talk about establishing or maintaining a tax home, you may schedule a tax home consult here. Remember that tax home issues can create a major tax liability if not handled correctly.
Monday to Friday – 8:30 a.m. to 4:30 p.m. Eastern Time
(Please note: On Fridays our phones may switch over to voicemail at noon, in order for us to prepare for the upcoming week.
Please note: Your inquiry is private. We do NOT share your information, directly solicit, and we only message through social media if initiated by you.
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 AFTER 2:00 PM EST ON FRIDAYS OR ON THE WEEKEND. Weekend docs will be processed Monday or Tuesday at the latest.
Mail: 46 St. Mark Rd., Taylors, SC 29687
You will be directed to a separate PayPal portal page to complete the transaction. A PayPal account is not required.
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 (1.96%) or debit cards ($2.55) will be applied at the time of payment. Use this link to make your payment.