30 06, 2018

What is the streamlined filing compliance procedures?

2022-07-27T07:20:15+00:00*FAQs (Frequently Asked Questions), FBAR/FATCA, Late Filing|0 Comments

For taxpayers living overseas who have not filed U.S. tax returns in the past, the IRS is providing options for resolving their tax and penalty obligations. The U.S. is one of only two countries (the other Eritrea) that taxes its citizens on their worldwide income regardless of their location. We know of taxpayers who have [...]

25 06, 2018

Ways to Check the Status of Your Tax Refund

2022-01-13T08:54:22+00:00U.S. Taxes - General|0 Comments

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 [...]

25 06, 2018

What is an IRS Transcript? Ways to Get a Transcript for of Tax Return Information for Current and Previous Years

2022-07-27T07:20:57+00:00*FAQs (Frequently Asked Questions), U.S. Taxes - General|0 Comments

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 [...]

1 02, 2018

2017 U.S. Tax Reform Presentation Summary – January 22, 2018 Central Hong Kong

2022-01-06T09:18:10+00:00Current and Prior Year Tax Updates|0 Comments

If you were not able to attend our 2017 U.S. tax reform presentation with Tariq Dennison of GFM Asset Management and American Pacific Tax on January 22, 2018, here’s a brief summary of the main points we covered:   -               Individual income tax rate changes beginning in 2018. -               Increase in standard deduction and elimination of [...]

15 09, 2017

Living abroad? Mail your individual tax returns to the right place. Regular and Private Delivery Service Mailing Addresses

2022-01-13T09:13:04+00:00Tax Filing Requirements, U.S. Taxes - General|0 Comments

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 [...]

15 09, 2017

All you need to know about the standard deduction

2022-01-12T08:57:52+00:00Tax Benefits|0 Comments

What is the Standard Deduction? The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed. Your standard deduction consists of the sum of the basic standard deduction and any additional standard deductions for age and/or blindness. In general, the standard deduction is adjusted each year for inflation [...]

15 09, 2017

Mid-Year Tax Updates

2022-01-06T09:19:18+00:00Current and Prior Year Tax Updates|0 Comments

Get the latest tax updates here September 2017 We're expanding to help you find the best solutions to handle your US taxes everyday. Here are some important updates: Just a friendly reminder, if you are required to make estimated tax payments, the 3rd quarter payment is due on or before September 15, 2017. Alternatively, payment can be made online via: https://www.irs.gov/payments  [...]

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