Tax Return?

Question by bi | Posted in United States

My roomie is a Canadian working in company. His wife, who is yet to become a permanent resident, is working in USA on m-visa. Do my friend need to file income tax return, for his wife, in Canada? Will he recieve any tax advantage due to having family? Please let me have a detailed information on the issue.

---

Answer: Your alternative other's wife will need to file returns in the US as well as Canada. On the US side: Federal: 1040NR but depends very much on the troop of days she has spent in the US during the year; dual status return might also apply under some circumstances. Governmental/Local: unless there is no income tax for the state, she will likely have to file a non-resident structure (and local, if applicable) return where she worked. To prevent double-taxing, Canada and US has reciprocity agreements so the taxes paid in the US can be claimed on the Canadian return. Depending on any other situations, there are additional factors to mark. I'd advise your friend and his spouse seek professionals to make sure everything is in compliance, as far as the filing requirements are responsible.

ad2

 

How To File Amdended Tax Return For Two Individuals Filing For First Time Home Buyers Tax Credit?

Question by Krista | Posted in United States

My boyfriend and I just now closed on a home together. We want to file an amended tax return for the first time home buyers tax trustworthiness. How would we go about both filing an amended tax return. I know we need a certain form to amend and a firm form for the first time home buyers tax credit, but do we need to mail them in together, or well-grounded separately? Thanks in advance.

---

Answer: You can split the tribute any way that you wish if you are both eligible, or either of you can claim the entire credit. If you choose to split it you'll both prerequisite to amend your returns. Do NOT mail the amended returns in the same envelope! File amended returns using Breed 1040-X and attach Form 5405 to claim the credit. To expedite processing, apply a photocopy of the HUD-1 settlement sheet and a photocopy of the recorded deed. Wait about 4 months for your check(s). Form 1040-X: http://www.irs.gov/pub/irs-pdf/f1040x.pd f Form 1040-X instructions: http://www.irs.gov/pub/irs-pdf/i1040x.pd f Manner 5405: http://www.irs.gov/pub/irs-pdf/f5405.pdf

Related Topics:

W9 Form
Tax Return
Free Tax

 

What Are The Tax Filing Requirements For A Final Return?

Question by QueAndAy | Posted in United States

What are the tax filing requirements for a decisive return? A spouse of a friend of mine passed away this year. I believe that last year, they filed under the station of Married, filing jointly. From what I've read from the internet and Yahoo Answers (thx!) that she can doubtlessly file again as Married, filing jointly. I believe that her husband had a will and named a son (from a before-mentioned marriage) as the executor of the will.

In that case, when she files, does the executor have to sign the return where her stillness's name would usually be? Or can she still sign it as surviving spouse? Also, who's responsibility is it to prepare the final return, the surviving spouse or the executor? They unquestionably aren't in much speaking terms, so if they can't come to an agreement to create a Joint tax return, what are her options for her taxes? Can she just go winning and file as Married, filing separately, and let the executor do the final return for her deceased spouse personally? Thanks.

---

Answer: She is entitled to fill out as "married filing jointly" in the year that her spouse died. So if her spouse died in 2006, this is the last year she may queue jointly. For the next two years (2007 and 2008) she would file as "single", unless she had a dependent boy then she would file as "qualifying widower with dependent child". She would momentous the tax return. The executor does not need to sign for her deceased husband. She could file "married filing alone" also for herself for 2006 and have the executor file the deceased spouse's tax return. however, it is usually more helpful to file a joint return.

Related Topics:

W8 Form
State Tax
Tax Refund

 

How To File Tax Return In US And Claim Refund Of Excess Tax Deducted From Salary, Both In India And Aborad?

Question by Ram | Posted in United States

Reservation: They have deducted tax for my indian salary component when i was onsite, both in US and in India. Should i file a tax return in US? How to call for the double taxation benefit in India when i file my return in India? Thanks

---

Answer: You requirement to determine if you are a US resident for tax purposes or not. You need to allocate your income as US-source (any days you worked in the US). India Revenues that residents of India receive for performing personal services in the United States during the tax year as beyond contractors or self-employed individuals (independent personal services) is exempt from U.S. profits tax if the residents: Are present in the United States for no more than 89 days during the tax year, and Do not have a inflexible base regularly available to them in the United States for performing the services. If they have a definite base available, they are taxed only on income attributable to the fixed base. Gains that residents of India receive for personal services performed in the United States as employees (dependent intimate services) is exempt from U.S. income tax if the residents meet three requirements. They are present in the Joint States for no more than 183 days during the tax year. The income is paid by, or on behalf of, an gaffer who is not a resident of the United States. The income is not borne by a permanent establishment, rigid base, or trade or business the employer has in the United States.

Related Topics:

W7 Form
Turbo Tax
Federal Tax