Insights on tax return due dates, form 1040, form 1040ez, tax refunds and more

Every international student is required to file a tax return as a condition of your visa, but not everyone will pay taxes to the American government. International students are entitled to a number of benefits and exemptions, so many will not owe anything. In fact, if you paid too much tax throughout the year, you may be entitled to a refund check. Contact us for free consultation at 703-828-2336; 571-765-6035.

Tax Planning Tip for University Graduates, Job Seekers and all Others YOU CAN DEDUCT THE COST ASSOCIATED WITH FINDING A NEW JOB AND/OR JOB RELOCATION Do you know that certain amounts spent in finding a new job can be used to reduce the amount of tax you pay (or increase the amount of refund you receive)? Did you change your job in 2017 and/or do you plan to change your job in 2018? If you itemize your deductions (expenses) rather than take the standard deduction, certain expenses incurred in finding a new job and/or relocating within the same company are deductible. WHAT ARE SOME OF THE JOB RELATED DEDUCTIBLES? Expenses incurred… Read More

Below is one simple tax tip you can do each year to reduce the amount of tax you pay ( or increase the amount your are refunded each year). If you did not do this in 2017 for the 2018 tax season, you may want to do this in 2018 in anticipation of the 2019 tax season. Let consider this simple tax planning strategy. DO NOT DUMP YOUR CLOTHES , HOUSEHOLD ITEMS AND OTHER THINGS YOU OWN – GIVE THEM TO AN IRS APPROVED CHARITY. Assuming the things you own are in good condition 🙂 (and even if they are not, please let the charity decide), DONATE anything you no… Read More