Section 83 (b) election
We have assisted many clients earning share awards as employee compensation for the services performed. These awards may have vesting conditions on grant date. As an overly simplified explanation, grant date is when an employee receives property such as a share award from the company. The vesting date is when an employee has received the […]
Losses from worthless securities
As an investor it is common to have worthless securities and, in such cases, a taxpayer would prefer to claim a loss to reduce the amount of taxes due. Here are a few general questions and two examples on investments in worthless securities: What is a worthless security as defined by IRS? Worthless security is […]
How do I obtain a copy of my prior year US tax transcript online?
Need a transcript from the IRS regarding your prior year US tax return as a proof of tax compliance? Or as a supporting document to reply to an IRS letter? We have seen times where either the IRS or taxpayer’s records were not updated, making a transcript critical to determine the next steps to assist […]
Ways to Check the Status of Your Tax Refund
You can start checking on your refund 24 hours after e-filing or 4 weeks after you have mailed your return. Your refund status is available on https://www.irs.gov/refunds. You will need to provide your social security number or ITIN, filling status and exact refund amount when checking the refund status. All the data you need are […]
What is an IRS Transcript? Ways to Get a Transcript for of Tax Return Information for Current and Previous Years
A tax transcript is a tax record with key information from the federal US tax returns that you filed previously. If you lost your return and need to find out how much taxes you owe or verify payments you made which is more than 18 months ago, you can obtain free Form 1040-series transcript types […]
Living abroad? Mail your individual tax returns to the right place. Regular and Private Delivery Service Mailing Addresses
With all the current technology, many U.S. taxpayers are allowed to electronically file their tax returns and pay taxes online… even while living overseas. At American Pacific Tax, we use secure channels and encryption software to help our clients manager their tax information securely so they can electronically file their tax returns. However, certain taxpayers may […]
May 12th Hawaii as an Investment Presentation and Tax Implications
Here are some pictures from Friday May 12th event: See more on Facebook
Hawaii as an Investment: Houses, Stocks, Taxes
We would like to invite you to our joint event where we will discuss the options and opportunities and taxes for investing in Hawaii (USA). 1. Historical, current and future outlook of the Hawaii economy and real estate market. 2. Honolulu physical real estate investment options 3. Hawaii stocks and bonds compare with their […]
Year-end tax planning and investment strategies presentation December 8th
Happy Thanksgiving and happy holidays! Now that the US elections are almost a month behind us, now is a good time to start planning for 2017. With the interest in our last presentation, we’re holding another joint presentation on Thursday December 8th to share:
Sign Up for IRS Summertime Tax Tips
Beginning July 1, the IRS will begin offering its Summertime Tax Tips series, which includes useful information including: Phone Scams What to do if you receive an IRS notice Check your withholding Back-to-school – Education credit reminders Identity theft Moving expenses For more information, visit: https://www.irs.gov/uac/newsroom/sign-up-for-irs-summertime-tax-tips-2016