Faqs
Suppose if you earn income subject to U.S. withholding tax, the due date for
submitting your tax return shall be 15 April of the following year. If you did not
earn taxable wages during the year, the due date for filing your tax return is 15
June of the following year. Your Form 1040NR or Form 1040NR-EZ must be forwarded to
the Department of Finance, Internal Revenue Service, Austin TX 73301. For more
detail, see IRS Publication 519.
FBAR stands for report of foreign banks and financial accounts. This is a statement
of your international financial information. Taxes on these properties do not have
to be charged. Taxes are charged only on wages. FBAR shall be filed if one has a
foreign bank account or other foreign financial accounts and the cumulative value of
such accounts exceeds $10,000. The FBAR must be filed by 30 June; there really is no
extension for the FBAR filing date, but an update can be filed if appropriate.
Judicial and criminal sanctions shall be levied for infringement, whether it is
deliberate or not.
You can call the IRS on its toll-free line at 800-829-1040. To be able to respond,
you should have your Social Security number, your filing status and your refund or
payment due. Allow 4 to 6 weeks before you contact the IRS.
Taxes can be paid electronically to the IRS by using the ACH direct debit format.
With this approach, taxes can be easily withdrawn for your savings account or check
at the date you mentioned. Moreover, you can even do e-pay through your credit card
as well.
If you pay by credit card, you will postpone out-of-pocket expenses and can receive
miles, rewards or money back from your credit card issuer. Payment by check or by
money order is appropriate. Your return can be e-filed at any time before April 15,
and then you can post your payment at a later date-for as long as possible.
In order to claim your child as the dependent, they should pass the child qualifying
child test. To meet the child qualifying test, your child should be younger than you
in the following year, or if the student should have completed 24 years. If the
child meets the qualifying relative test, there is no age limit for your child to
claim as your dependent. Irrespective of the both the tests, you can just claim a
dependency exemption for your child in order to meet the following tests
- Dependency taxpayer test
- Citizen or resident test
- Joint return test
