Individual Taxpayer Identification Number (ITIN) is a unique identification number issued by the Internal Revenue Service (IRS) to taxpayers who are not eligible for a Social Security Number.
Indian Americans should remember the following details while filing their US Taxes. That includes US Citizens (i.e., Green Card holders) and US Resident Aliens (NRI, PIO, OCI, etc.) who are liable to pay taxes in the US on their global income.
For an Indian, an H1-B visa is a passport to their great American dream! You gain money, respect, and an international experience on your résumé. You do, however, earn in dollars and pay taxes in dollars.
The IRS began to accept tax returns on January 24 and has already sanctioned nearly 38 million refunds as of March. An average of almost $3401 has been refunded through March 4.
Commonly referred to as the mother of all tax forms, 1040 is the primary IRS tax form utilized by any United States resident for filing personal federal income tax returns. In this piece, we will explain the 1040 form and how to fill it out for individuals.
Tax filing season is arguably the most nerve-wracking time: battling documents, figures, and important dates is an all-consuming task. In addition, filing your taxes demands a constant awareness of your finances, tax strategy, and IRS regulations.
Indian Americans should remember the following details while filing their US Taxes. That includes US Citizens (i.e., Green Card holders) and US Resident Aliens (NRI, PIO, OCI, etc.) who are liable to pay taxes in the US on their global income.