In recent years, thousands of people have lost millions of dollars to tax scams and fake communication fraud. The IRS reminds taxpayers to protect themselves from criminals as the number of incidents continue to grow in today’s digital age. How do scams work? Scammers make unsolicited calls claiming to be IRS officials, and they can [...]
ITIN renewal questions? The IRS issues ITINs (individual taxpayer ID numbers) to foreign nationals and others who have federal tax reporting or filing requirements and do not qualify for SSNs (social security numbers). A non-resident alien individual not eligible for a SSN who is required to file a U.S. tax return only to claim a refund of [...]
What is an ITIN? ITIN (Individual Taxpayer Identification Number) is a tax processing number issued by the Internal Revenue Service. It is specifically for nonresident aliens who fulfil filing requirements but are not eligible to obtain a Social Security Number (SSN) from the Social Security Administration (SSA). An ITIN does not offer work authorization or [...]
Do you have questions about the recent tax changes? We have provided some updates that could affect you. Please contact us today if you would like to schedule a consultation. Does the New Surtax Apply to You? As of January 1, 2013, there is a 3.8% net investment income tax on some categories [...]