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Thanks for your response. I am more worried about paying penalty and interest. I might be closer to 800-900 in underpayment including my 1099ints. Thanks

Hi All,

I did a tax calculation using a few online tax calculators (Taxact, hrblock, TurboTax) to determine my tax vs withholding based on my last paystub for 2020. Looks like I owe around $600...

Thanks a lot for your answers. I assume I need to claim my kid as dependent as well to receive this credit correct?

Hi Experts,

I have a question regarding claiming the child tax credit for my child in my 2018 taxes. Following is my situation

We are not US citizens, I am on H1b visa and my wife and Kid are...

I applied for ITIN for my daughter with first year choice statement. I claimed her as dependent and claimed child tax credit. I filed for extension and waited until she becomes a resident alien for...

I am applying using the first-year choice for my child. She got more than 31 days continuous presence in 2016 and resident for 2017 based on substantial presence test as of July 2.

Thanks

Hi, I am currently in the process of applying ITIN for my child (1-year-old- Indian citizen) to claim as dependent on my tax return. We are from India and I got her passport copy certified by the...

I am planning for an investment in a life insurance pension plan. I have some questions of how this affects my FBAR threshold every year and my Tax reporting.

Quick info on the policy: In the...

Hi All,

I just made a direct pay in IRS website for my tax due and chose the reason as extension for applying extension. In the process it only asked me my SSN details and didn't ask for spouse...

Thanks a lot

Thanks for the reply. I am in us for last few years in h1b visa and filing mfj with my wife. This is not our first year. My daughter came to us last year on h4 visa. I am in the process of applying...

Hi,

I have a question on which reason to select in the ITIN application for my Child.

I am on H1b Visa and a resident alien for Income tax purposes based on substantial presence test. I am in...

Any idea on the extra documentation? Or should I submit medical record along with passport to be on safer side?

Thanks

Thanks a Lot. Appreciate your time and answers.

Thanks for the reply. My daughters passport has a valid date of entry to USA (official seal from port of entry at airport with the date written) . Do we still need to attach a medical record for US...

Hi Experts,


According to W7 instructions I understand that I have to attach a US medical record for the proof of US residency for my Kid who is 1 year old to apply ITIN and claim as dependent in...

Is there any specific order I should attach the first year statement, ITIN W7 form, Certified copy of passport, W2, 1099 and Tax return while filing paper return?

Thanks

I need to also apply for ITIN so should I attach the first year choice statement for my child to form w7 along with necessary documents (certified copy of passport/ tax return) and send it to ITIN...

Thanks

Thanks for the reply. To be on the safer side is it Ok attach the first year election letter for my child?

Will I be able to claim dependent exemption and child tax credit?

Thanks

Hi Experts,

I have a question on making the first year choice for my child. My wife and I are Resident aliens for Tax purpose. Our daughter came to US on Nov 2016.

I am trying to find out...