Search

First Question I ask ITIN Applicants

Why I first ask ITIN applicants reason for applying: One cannot arbitrarily apply for an ITIN and I work with clients to identify facts that clearly place them into one of the finite IRS reasons accepts for applications. A few examples where ineligibility isn't intuitive are (per IRS ITIN dept): IRS assigns ITINs for federal tax purposes only; therefore, the individual is not eligible for an ITIN if the sole purpose for requesting a number is to provide to a state for sales tax registration purposes. This does not constitute a federal tax purpose. Form W-7 should not be submitted if the individual does not have to file a federal tax return (1040 series) or have an IRS reporting or federal wi

Toronto's "local" Social Security office Niagara Falls, NY & ONLY the SSA record n

Your 1040 return must report your name exactly as it is on file with SSA The United States Social Security Administration If e-filing a return using a name not matching SSA records, the e-file will be rejected. To check or obtain your SSA record, the Niagara office can likley help you. See if they offer a less rigorous option to merely provide your record to you over the phone/in person versus obtaining a tangible replacement card via the more involved form application process. Further, there's an alternative method that saves the trip to Niagara Falls or Buffalo. One has to make application through Toronto's "local" Social Security office, which is in Niagara Falls, NY. One can do so by pho

Foreign corporation or individual who is a partner in US partnership must file a US tax return regar

Unless one of the exceptions applies or a special return is required, a foreign corporation must file Form 1120-F if, during the tax year, the corporation was engaged in a trade or business in the United States, whether or not it had U.S. source income from that trade or business, and whether or not income from such trade or business is exempt from United States tax under a tax treaty. An individual (hereafter 'you') must file Form 1040NR if any of the following conditions apply to you. 1. You were a non-resident alien engaged in a trade or business in the United States during the tax year. You must file even if: a. You have no income from a trade or business conducted in the United States,

FIRPTA Form 8288 tidbits

If you receive a withholding certificate from the IRS that excuses withholding, you generally are not required to file Form 8288. However, if you receive a withholding certificate that reduces (rather than eliminates) withholding, then there is no exception to withholding, and you are required to file Form 8288. Attach a copy of the withholding certificate to Form 8288. If two or more persons are joint transferees, each is obligated to withhold. However, the obligation of each generally will be met if one of the joint transferees withholds and transmits the required amount to the IRS.

Canadians are accustomed to receiving NOA from CRA confirming income tax filing, IRS doesn't do

As IRS doesn’t issue NOA like CRA does, a Canadian who filed with IRS should call the IRS to follow up on the tax (and/or other) return processing, first giving IRS 6 weeks; contact the IRS 6:00 am to 11:00 pm (EST) M-F by telephone listed at at http://www.ustaxservices.ca One can obtain a transcript from IRS (or engage us to do so - we use IRS taxpros service along with a POA from taxpayer) but note that IRS won’t have a transcript on their system until after they’ve received and processed the return. For more details, see https://www.linkedin.com/pulse/how-obtain-irs-tax-return-transcript-cra-now-requires-daniel-gray?trk=mp-author-card

How long does IRS give me to make changes to an e-file application

If you have an active e-file application on file with IRS and have made changes such as adding a provider option, principal or responsible official and it has not been resubmitted it will be deleted in 90 days. If the application is not resubmitted and the 90 days has not elapsed since the changes were made, the application can be resubmitted by an authorized individual. If 90 days has elapsed and your application has been deleted, contact the e-help Desk at 866-255-0654 for assistance with resubmitting your application.

Retrieve your calendar days spent in USA this easy way

Preparing your 1040NR return and need records of your days in USA during the tax year and the mere thought of doing a reconciliation of your records in of itself drives you mad? Uncle Sam already did the work for you and allows you at no cost or fee (aka free) to retrieve a record here: https://i94.cbp.dhs.gov/I94/#/history-search

ANY AND ALL OF THE INFORMATION ON THIS WEBSITE DOES NOT CONSTITUTE ADVICE IN GENERAL AND/OR TAX ADVICE AND SHOULD NOT BE RELIED UPON AS SUCH. FOR ASSISTANCE WITH YOUR PARTICULAR FACT PATTERN AND HOW TAX LAW PERTAINS TO THAT PATTERN, PLEASE CONTACT OUR OFFICE TO ARRANGE AN ENGAGEMENT WHEREUPON OUR OFFICE CAN OFFER ADVICE IN THE COURSE OF THE ENGAGEMENT.

Copyright (c) 2020 - US Tax Services - All rights reserved.