Tax Samaritan’s tax resources pages are the source for the information you need, from tax tips and relevant articles in our blog to tax tools, such as tracking your tax refund and to filing requirements. If you’re dealing with a new life event this year, like a new child, read on in this area to learn more about how this changes your tax situation.
Please feel free to contact your Tax Samaritan tax professional for answers to your specific tax situation.
About The ITIN – Individual Taxpayer Identification Number If you earn money in the United States, whether you are a resident or immigrant (non-resident), documented or undocumented, you will have to file taxes. If you cannot obtain a social security number, then you will need to obtain an Individual Tax Identification Number, also known as … Continue reading ITIN – What You Need To Know About The Individual Taxpayer Identification Number
Guide To Ireland Expat Tax Advice The Tax Samaritan country guide to Ireland Expat Tax advice is intended to provide a general review of the tax environment of Ireland and how that will impact your U.S. expatriate tax return as a U.S. Expat in Ireland. As a U.S. taxpayer, all worldwide income is subject to … Continue reading Ireland Expat Tax
Today a federal court in Montana unsealed an order authorizing the Internal Revenue Service (IRS) to serve a John Doe summons on Michael Behr of Bozeman, Montana, seeking information about U.S. taxpayers who may hold offshore accounts established by Sovereign Management & Legal LTD (SML), a Panamanian entity. Specifically, the IRS is seeking records of … Continue reading Court Authorizes Service of John Doe Summons Seeking the Identities of U.S. Taxpayers Who Have Used Debit Cards in Furtherance of Tax Evasion
Even if you are not a United States citizen, you might still be required to pay U.S. income tax if you have United States investments or have generated U.S. income. Nonresident aliens, or those persons legally present in the United States, but who are not permanent residents, are subject to different rules when it comes … Continue reading 1040NR-Nonresident Alien Income Tax Return
Merrill Lynch has recently been sending letters to many of their US citizen clients living outside the USA saying that their accounts will be closed as of a certain date in the very near future. The letter typically states the following: We have conducted an extensive review of our non-US resident client business to determine … Continue reading Merrill Lynch Closing Brokerage Accounts for US Expats
1040-NR-EZ Isn’t So Easy Like it or not, U.S. tax law imposes taxes on U.S. source income for individuals even if they are not a U.S. citizen or resident. If you are a nonresident alien, you must pay federal income tax on U.S. sourced income only. In the majority of cases, you are required to … Continue reading 1040-NR-EZ: The Complex Truth About Simple Form 1040-NR
The new annual due date for filing Reports of Foreign Bank and Financial Accounts (FBAR) for foreign financial accounts is April 15. This date change was mandated by the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015, Public Law 114-41 (the Act). Specifically, section 2006(b)(11) of the Act changes the FBAR due … Continue reading New FBAR Due Date
The Form 1040-NR – Filing A Non Resident Alien Tax Return The Form 1040-NR is also known as the U.S. Nonresident Alien Income Tax Return and is the tax form you prepare and file if you are a nonresident of the United States. The American tax code is one of the most complicated series of … Continue reading What is the Form 1040-NR?
Two Types Of Non-Resident Tax Return Filing a non-resident tax return generally means one of two things: filing a non-resident state return and/or filing a non-resident alien return. A non-resident state return is for those who are not residents of the state but have income from a state that has an income tax and have … Continue reading Filing a Non-Resident Tax Return
IRS Form 1042-S American tax laws are hard enough for Americans to understand. It can be much more difficult when you add a person who has income in the United States, but is not a resident, nor a US citizen and received an IRS Form 1042-S reporting US-source income. For folks with US source income, … Continue reading What Is The IRS Form 1042-S?