Blogs resources QA

Benefits of an ITIN?

Individual Taxpayer Identification Numbers were created for foreign investors and visitors who owe taxes but are not eligible ...

By Alex Oware, CPA on 06/10/2015 9:38 PM

Work Related Education Deduction

The IRS has always argued that an M.B.A. degree automatically trains you for a new profession. So IRS does not take it lightly when you deduct M.B.A. costs as unreimbursed employee business expenses or as self-employed business expenses ...

By Alex Oware, CPA on 03/24/2017 9:38 PM

Brace UP! Foreign owners of single-member US LLCs

On Dec. 12, 2016, the IRS released final regulations under sections 6038A and 7701 that would for the first time require foreign-owned U.S. disregarded entities (DREs), such as a single-member LLC owned by a foreign person or Corporation, to obtain an employer identification number and file an information return with the IRS ...

By Alex Oware, CPA on 06/07/2017 9:38 PM

ITIN and EIC Restriction

will file as HOH, with a dependent child age 9. Child arrived in 2014 from other country, not in Canada or Mexico and was with me the whole year of 2014. My Daughter has an ITIN.

By Alex Oware, CPA on 06/10/2015 9:38 PM

First Year Choice vs. 1040 NR

I came to the US from India 9/23/2014 with H1B Visa. I will be in US all of 2015 working. How do I make the first year choice and would I be considered as a dual status Alien?

By Alex Oware, CPA on 06/10/2015 9:38 PM

Deducting Travel and Immigration Expenses

I’m a 25 year old Mexican, married to a US teacher; I have lived in US since I was a small boy. Upon advise of attorney, I flew back to Mexico in August of 2014 to stay one year so I can gain legal status he ....

By Alex Oware, CPA on 06/10/2015 9:38 PM

Using wrong filing status and subsequent amendment

I am from India and have been doing my tax return for 5 years. In the past I have been filing as single. I have been married for 7 years and my wife has a Social security card which says "Valid for Work Only with DHS Authorization" My wife has had this card since 2008 ...

By Alex Oware, CPA on 06/10/2015 9:38 PM

DACA-Work Authorization Numbers

I applied and obtained the work authorization number issued by USCIS under the "deferred action for childhood arrivals process" in 2012. I got the number 2013, but had ...

By Alex Oware, CPA on 06/10/2015 9:38 PM

ITIN & SE Tax

I got a letter from Soc. Sec. (not IRS) stating that they need clarification on the SE tax paid under the ITIN.

By Alex Oware, CPA on 06/10/2015 9:38 PM

Foreign Artist/Entertainers Taxation

As a general rule, anyone performing services in the U.S. – including most (if not all) performing artists – must pay U.S. taxes on his or her U.S. income. It is important to note the distinction between ...

By Alex Oware, CPA on 06/10/2015 9:38 PM

What is an ITIN - and who needs one?

To file a U.S. tax return you do need an Individual Taxpayer Identification Number (ITIN) for every person listed on that tax return. Filing a return is not a choice, but an obligation for all who earn income in ...

By Alex Oware, CPA on 06/10/2015 9:38 PM